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Publication: European Stars and Stripes Sunday, November 10, 1985

You are currently viewing page 20 of: European Stars and Stripes Sunday, November 10, 1985

   European Stars and Stripes (Newspaper) - November 10, 1985, Darmstadt, Hesse                                Page 20 the stars and stripes sunday november 10, 1985 the week on Wall Street new York up Hopes for lower interest rates sent the Dow Jones Industrial average past 1,400 and into new High ground last week. The Stock Market pierced 1,400 wednesday and edged past that re Cord Friday. For the week the Dow Rose 14.11 Points finishing in uncharted territory at 1,404.36. Among the 2,247 nose listed issues traded advances outpaced declines 1,395 to 612. On the trading floor at to was the most Active nose listed Issue easing a to 21v4. Ism followed adding in to 13214. John Akers ism president and chief executive offi cer told Security analysts in Scotland that ism is expected to show some Strong growth in the fourth Quarter of 1985. Phillips Petroleum was third rising i to 13vi. Go corp was the week s biggest gainer jumping la it to 64v4. The company s Rio general unit sold its los Angeles television station to Westinghouse for 1313 million and May sell its new York area station for As much As $400. Some issues particularly sensitive to in Terest rates climbed. Federal National mortgage association jumped 2 �4 to 24. Among retailers. Scars gained / to 3j i Allied stores climbed 4 i to 63w. Zaire Rose 4 to 59w and Gap inc. Jumped 8 to 49%. The retailer projected a Large earn Ings Rise for its third Quarter. In the food sector William Wrigley gained to to 88 /4, Tootsie Roll industries lumped 714 to s9 / and . Smucker Rose 4h to 85. Among other actively traded Blue chips general motors declined w to 67w, Ameri can express Rose 2 a to 47h, Westinghouse electric fell i to 43, Exxon lost 2m to 53 and Dow chemical added 1 to 38. Taft broadcasting climbed 4tt to 80 a. A group of investors led by the Bass Brothers raised its stake in the company to 11 per cent. Potlatch corp. Rose 6 to 42. Two Compa Nies controlled by the Belzberg family of Canada now hold a 5.7 percent stake in the company. Market sources said the Belzberg move a considered very  composite volume for the week was 700,681,300 shares compared with 700,099,210 a week earlier. Big Board volume totalled 587,564,520 shares compared with 579,718,510 a week earlier and 469,055,170 a year ago. The Dow  Index finished the week at 678.14 for a gain of 12.53. The new York Stock Exchange composite Index Rose 1.39 to 111.95. Standard 4 poor t 500-Stock Index edged up 2.19 to 193.72. On the american Stock Exchange the Market value Index Rose 4.34 to 233.73. Advances outpaced decline 412-346 among the 927 issues traded. Volume Wai 45,257,775 shares compared with a6,613,455 the week before and 32,148,415 during the same week a year ago. . Industries led the amex actives edging up it to 4u. . International Fol Lowed adding to to 5. Home group we third advancing 3h to 24h. 1 fun Caprice. 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