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Publication: European Stars and Stripes Sunday, January 18, 1981

You are currently viewing page 15 of: European Stars and Stripes Sunday, January 18, 1981

   European Stars And Stripes (Newspaper) - January 18, 1981, Darmstadt, Hesse                                Page 16 the stars and stripes january 1981 Wall posts gain waiting for Reagan by Frank Slusser 11 i business writer new York up stocks Man aged to score a modest gain this past week while Wall Street waited for Ronald Rea Gan to take office As the nations 40th president and hoped that interest rates  go much trading slowed dramatically from the record Pace of the week before when the Market went into a tailspin on Florida forecaster Joseph Granville sell every thing the Market showed some strength to Ward the end of the week As the picture brightened for the release of 52 american hostages from the Dow Jones Industrial which lost a week earlier in the Granville managed to gain Points to with the help of Oil stocks thai regained favor after taking a drub the new York Slock Exchange Index Rose to and Standard poors 500stock Index jumped to advances lopped declines among the issues big Board volume totalled Down from the previous weeks re Cord volume during the same week a year ago totalled brokers said the turnover was slow be cause the Market was jittery caught Between the Granville debacle and Hopes Hal Are Riding on the shoulders of Reagan and his economic Reagan lakes office tuesday and is sex pc led to acl quickly to deregulate Oil and that plus a Strong recommend helped Energy stocks to be stand outs at Edwin Meese reagans top said the president elect will keep his Campaign pledge to propose reducing personal income taxes 10 percent a year for three years soon after taking but he refused to pinpoint the effective and that has Many on Wall Street there is considerable speculation that disturbed by the billion deficit forecast in the current fiscal will opt to put the cuts into effect around composite volume of nose issues listed on All exchanges and Over the counter totalled com pared with a week a Dow average was the most Active nose listed off 14 to although ism reported higher fourth Quarter Many analysts departments longstanding antitrust suit against which took a drubbing in recent made a Strong comeback following the recommendation of a major brokerage Texaco was the second most Active nys listed up v4 to Phillips in third Rose 4 to amid speculation the company has made a major Oil and Gas discovery in drilling off Africa Ivory which is drilling in the Phillips gained to among the other Energy Superior Oil climbed 18v4 to California Standard 9 to Marathon Oil 8 to Schlumberger to Union Pacific to Burlington Northern 7 to and Getty Oil to 91 on the american Stock the Market value Index Rose to advances topped declines 455321 among loser was which fell 7 to compared with the which had higher in the week before and said its incoming business was 730 traded during the same period last several analysts dropped the new York a inv bos income 12 4i 13 56 also in the lost 6 Houston Oil minerals was the following is a list of bid and 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