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Market Moves Forward After Cautious Week In NY Stocks
The Dow closes at 964.18 up 12.42 for the week with Friday’s gain of 11.29, volume 75.25 million. Analysts cite internal dynamics, firmer prices, and energy shortages as factors boosting market confidence despite limited news. Major gains seen in Gulf Oil, Occidental, Texaco, Phillips, and Standard Oil of New Jersey. Kerr-McGee dips. Plessey Ltd. active amid merger rumors denied by officials. Litton Industries ends higher after a mixed week.
MENTIONED IN THIS ARTICLE
John Dorfman
New York
Lucien Hooper
W.E. Hutton & Co
Gulf Oil
Occidental Petroleum
Texaco
Phillips Petroleum
Standard Oil of
New Jersey
Kerr McGee
Plessey Ltd
Plessey
Thorn Electrical Industries
Britain
Litton Industries