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Publication: European Stars and Stripes Sunday, January 26, 1986

You are currently viewing page 20 of: European Stars and Stripes Sunday, January 26, 1986

   European Stars And Stripes (Newspaper) - January 26, 1986, Darmstadt, Hesse                                Page so the stars and stripes sunday january so 19b6 new York up the Slock Market retreated last week battered by the disorderly and dramatic descent of crude Oil prices. The Dow Jones  average finished Ike week a 13 9.53 for a loss of �.77 paints. The new York Stock Exchange composite Index foil 1.02 to u9.j2. Standard & poor s 500-Slock Index gave up 2.00 to 206.43. Analysts said anticipation of a Victory by the Chicago Dean in Nifte super bowl contributed to the Daw s 18.69. Point gain Friday. A Well known and reliable if coincidental Indica Tor of How the Stock Market will perform in a Given year a related to whether or not a member of the National foot Ball conference Wini the super bowl. The Market almost always Advance if an pfc member wins since the bin Are heavy favourites Many Slock Market players were buy ing in Advance of an anticipated Bear Victory. Illogical and unintelligent As it May sound traders Are superstitious said Trude Latimer of Evans & co on the trading floor Phillips Petroleum was the most Active nose Lis de Issue losing w to i. Other Oil stocks hard hit by plunging crude prices gave up ground. Merrill Lynch we the second most Active Issue rising sharply amid takeover specs Tain but falling Back some at the end of the week. The Stock gained 214 to 4014 in volume of nearly 10 million shares. At at Wai the third most Active Stock losing w to 22h. The banking sector suffered As investors worried that falling Oil prices would jeopardize the ability of Oil Revenue dependent nations to pay Ribeir debts to foreign Banks. Citicorp fell 1ft to 49h and traded As Low As 46tt during the week. Bankers Trust dropped so to 69. Manufacturers Hanover fell so to 41h. Ban America corp. Lost a to 12ji, the company reported a fourth Quarter loss of $178 million and said it will not pay its feb. 19 dividend. Responding to the prospects for cheap fuel transportation issues soared. The Dow transport Ilion average rocketed 20.54 to an aim Rne High of 739.91, surpassing its former record of 723.jl set Dee 16, Amr corp., the Parent of american airlines Rase 3w to 47w. Republic airlines jumped in to ism. It agreed to be acquired by Nwa the Parent of Northwest Orient airlines at ij71 share. Eastern airlines dimmed � to 6m. Este Ftp we to will Lay off 1.000 flight attendants and Cut pay 20 Percy a Market bellwether ism dropped % to Iso. Union car be advanced 7h to 82h. Carbide s Board wednesday approved a three far one Stock split and dividend boost. Lasers outnumbered winners 1,082-897 Imons the 2,213 issues traded on the new York Slock Exchange. The Dow Utility average loss 1.54 to 171.21. Big Board volume was 604,091.669 shares from 607.716,610 a week earlier and 749,273,580 during the same week a year ago. Composite volume was 719,782,319 shares compared with 725,384,840 a week earlier. The american Stock Exchange Market value Index fell 3.93 to 243.75. On the amex declines outpaced advances 422-345 among the 913 issues traded. Volume was 50,984,325 shares compared with 50,657,985 last week and 55,004,370 during the same week a soar ago. Gulf Canada led the Macx actives losing is to 14h. Tuna prices new York face Wing to Vij of bid and Auvid or Len on Mulu a fund 01 of old by Naso. Ana. Iru  Cap Grogan by 19.34  1144 ,?  19.11 my 13.90 n.l1u7n.l. Oro inc of but of Ihrl by mkt Waif Folie of o i5.b 17.41 or la ill goal la go Sac inc uni it actin Fol Altok Alulu roam fund pm disc nov hid so Wal Arcan buttock Cardinl Caw of pm to Oil Shic Turt facts Cui Chol Eligna fur fun i to Hicom Hun bit ti.70  1j.37 144111.1113.74 9.57  Udo n.u4j1h.l 11.11 ,  . 10.1106? 7.41 7ju Canh Trot m Iron to 11.01 .1uih.l. 10.10 .i.h . 11.14 13.1? 10.41 n.u10.71  10.90. 11.91 14.40 11.14379tnl i0.1 , 1100 .  u.11 Cap pad cold Cahit 1chit ii end Alfund Chi Sec sum i Hig All Wyall ill All. 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