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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 21, 1980
Page
6
In New York the stock market edged lower Friday following Thursday’s selloff. Oil stocks fell by a point or more while most other issues posted only fractional losses. The Dow Jones average led the slight retreat as investors weighed energy and market factors.
Over the counter 30 industrials fell 1.19 to 869.71, weekly loss 6.66. NYSE volume 36.53m shares. Mobil down to 72.44, Atlantic Richfield 94, Getty 80.44, Exxon 67.42, Texaco near 36.4. Gulf & Western up 16.44 with a 400,000 share block. NYSE breadth eight losers to five gainers. Dow at 65.20, S&Ps slide. AMEX up 0.74 to 285.12, NASDAQ at 156.51.
The Mahwah New Jersey Ford plant shut down ending 25 years of production as 3,700 workers were idled. The last car, a cream and tan Fairmont Futura, rolled off the line at 10:30 a.m. The mood was heartbreak among workers including Ruben Portal, a 55-year-old Bronx repairman, after decades at the facility.
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