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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Jul 30, 1989

Page

22

New York Stocks Week Picks Highlight Selected Issues

New York based AP report notes that trading on the New York Stock Exchange this week centers on selected issues. Investors watch notable listings for potential gains while market activity remains cautious amid mixed earnings signals and sector shifts.

NEW York New York Stock Exchange Terman Ie Teller Upooak Ensco Ates Valera Envig Siena Associo Press

New York Market Report Highlights Yearly Prices

AP notes 20 most active listings in New York with yearly sales figures and daily highs and lows. Closing prices are reported alongside market activity, indicating trends and rain-related volatility in trading.

New York

Amoco Seeks Polish Oil Under Historic Pact

Amoco Corp and the Polish government signed a 12 month joint exploration contract in New York to survey roughly 40 percent of Poland. If promising reserves are found, a second contract would let Amoco drill and share in production profits. Poland aims to attract capital and expertise amid Eastern Europe liberalization.

Chicago Amoco Corp Amoco Poland U.S Johnson & Johnson Europe Amoco Production Co Warsaw Te Company Houston Polish Oil and Gas Central Intelligence Agency Illinois

Market Progress Signals Soft Landing For Economy

New York markets surged as GDP growth eased to a 1.7 percent pace in the second quarter, fueling optimism for a soft landing with slowing inflation. The S P 500 and NYSE composite hit all time highs while the Dow plumbed near its post crash peak. Fed steps to ease credit supported gains and money flows shifted toward longer term assets. investors favored recession resistant firms such as foodmakers and consumer product companies over cyclical automakers.

New York Standard & Poor New York Stock Exchange Greg A. Smith Prudential Bache Securities Inc United States Wall Street

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