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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 29, 1977

Page

3

New York Stock Exchange Weekly Activity Review

New York AP reports on weekly activity at the New York Stock Exchange. The article reviews trading sessions and selected issues for the period, highlighting notable movers and general market tone.

New York Stock Exchange NEW York New York Stock. Exchange

Earnings gains vary for major oil firms

Major oil companies posted mixed fourth quarter and full year 1976 results. Exxon reported a 6.9 percent Q4 rise and 5.5 percent annual gain, while Texaco rose 4.7 percent and Atlantic Richfield gained 64 percent. Occidental hinted at a fourfold Q4 jump. Standard Oil Indiana fell 5.4 percent in Q4. Mobil showed strong domestic earnings, with 21 percent growth in 1976. Natural gas prices rose and inventories fell, pressuring utilities, as automakers planned plant shutdowns to curb weak small-car demand.

New York Texaco Inc Atlantic Richfield Corp Exxon Corp Standard Oil Co Indiana Occidental , Petroleum Corp U.S Mobil Oil Corp Gulf of Mexico Mobil

Phillips cited for safety violation at Kansas refinery

OSHA cites Phillips Petroleum Co for a sulphur-removal unit safety violation linked to an Aug. 5 explosion at the Kansas City Kansas refinery that killed two workers and injured three. The firm has until Feb. 16 to appeal. two other safety citations were issued. Federal investigators continue probe of two November fires with no injuries but major damage.

Kansas City, Kan Phillips Petroleum Co Occupational Safety and Health Administration Spahn W.J. Snoedy Bartlesville Oklo

Beef price hikes may be moderate this year

USDA economist Richard Crom cautions that beef price rises are uncertain though forecasts suggest a modest average rise in 1977. Domestic live cattle prices have not climbed as expected due to heavier cattle feeding and a larger corn crop, tempering the retail beef outlook.

Washington Agriculture Department Richard J.crom Department S Economic Research Service Usda Outlook USDA Cram Crom

Stocks in the Spotlight Week’s Dow Averages Report

Stocks in the spotlight show Dow Jones closing averages for the week with highs and lows. Inds 963.60 to 954.54, last 957.53 down 4.90. Trans 231.64 to 226.97, last 226,973.44. Utilities 110.78 to 111.87, last 110.08. Bonds section lists 20 Bonds, Utils, and Indust readings with modest declines.

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Also Mentioned on This Page

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