The Delta Democrat-Times from Greenville, Mississippi • Page 8

The market Market registers solid gain NEW YORK stock market generally discounted news this week that business conditions were i a i a i inflationary trends to register a solid gain in fairly active trading on the New York Stock Exchange. Investors, who had been bombarded with negative news for weeks, found encouragement in reports a crippling nationwide coal strike may be averted, speculation that oil-producing nations may make a small reduction in the prices have sent rocketing this year, and in declining interest rates. That news sparked a mid-week rally a Jones industrial average to a gain of 29.09 to 065.28 for the week. Other averages gained. Standard Poor's 500-siock index rose 3.76 to 73.88.

The NYSE common stock index gained 1.87 to 38.94. The week's gain was broad, with 1,131 issues advancing and 591 declining, among the 1.987 crossing the The number of stocks reaching highs for the year totaled 24. up ifrom 20 last week, and 108 reached lows. Turnover totaled 78,617.485 shares. compared with 75.178.480 traded last week and 86,714.278 traded during the week a year ago.

Heports Saudi Arabia may cut oil prices--oil producing nations raised fourfold this year--ignited a Tuesday pushed the Dow average to a gain of more than 39 points in two days. Although a high Saudi official denied the reports. observers such as analyst Larry Wachtel of Bache said they thought there was something valid in them. Also, investors took heart from reports the United Mine Workers union and coal producers had made progress toward a new contract that would avert a crippling nationwide strike threatened for Nov. 12.

They i an A i Department report that farm prices surged 4 per cent in October as as a Commerce Department report that i i a i economic indicators declined by 2.5 per cent in the third quarter. Also ignored was a a a report that unemployment climbed to 6 per cent in October from 5.8 per cent. Wall Street had been stunned before last weekend when General Motors -reported its third quarter earnings fell to five cents a share from 92 cents the year before. Investors had expected a depressing report, but not one of this magnitude. The automobile industry has made plans to lay off thousands of workers and close plants because of lagging sales and sharply lower profits.

The effects of the cutbacks will be felt throughout the remainder of the nation's industry. A lengthy coal strike would le devastating, analysts said. Banks continued to lower interest a i i encouraging. First National City Bank, the nation's second largest and a trendsetter. Friday lowered its prime lending rale for creditworthy corporate customers to 10 :1 per cent despite a slight rise in loan demands on New York's 12 largest banks.

The prime had risen to 12 per cent in July and this was a depressant to Wall Street for months. The rale began to decline as the Federal Reserve Board gradually eased its tight monetary policies. The market was jolted late Thursday, however, when the Fed reported the nation's money supply declined by S2.1 billion in the week ended Oct. 23. Analysts disagreed whether the Fed was again tightening its policies.

Newton Zinder of E.F. Mutton said "deteriotating business conditions ensure continuing lower interest rates and eventually the abatement of inflation." WANTED 3 HOMES THAT NEED PAINTING 3 Homeowners will be given the opportunity to have Ihe new U.S. Steel siding installed on their homes at wnoTesaTe discount prices. This is of i a interest to homeowners that are tired of costly repair bills, nigh fuel bills, and constant painting costs. U.S.

Steel is guaranteed 30 years labor and material; and has the i a Approval. U.S. Steel siding is available in different colors in a wood grain Homeowners who act now will receive special decorallve work at no extra cost. To Act, Call Don Clark-335-6138 Greenville, Ms. 8 Sunday, Nov.

3,1974 Delta Democrat-Times Greenville, Mississippi WE HEARD YOU MR. PRESIDENT AND TREND HOUSE IS DOING THERE PART! IS DOING THEIR PART! HIP NFLATION WHEN YOU Cfl ow OUR LOWEST PRICES OF THE YEAR ON NEW 1975 MODEISI RCA's Lowest Pride Color TV AccuLinp precision inline black malrjx picture lube system (or brilliant, sharply delailed pictures -and. natural, warmer, more pleasing flesh tones. Automatic Fine Tuning. Conserves energy! solid slate chassis uses 27.5 percent less power than comparable RCA sets with Simplified plug-in control most set functions, can be easily replaced.

Convenient "click" selection for all 82 channols-both VHP and UHF. A SPECIAL RELEASE 1975 GIANT 25" DIAGONAL XL-100 CONSOLE the ATHERTON Model GT723W 25" Diagonal picture NOW ONLY Look what you get in every RCA XL-100! 1009; solid slate reliability RCA's best picture tube sets with the black matrix picture tube i a i i dramatically detailed color pictures and natural, warmer, more pleasing flesh tones. Fine Tuning Convenience Superb i styling. Good i a a a i specially selected materials result in superb console cabinetry RCA XL-100 Sold State Color TV 25" cfegond RCA XL-100 in stately French styling RCA solid state reliability- no chassis tubes to burn 6uU Super AccuColor black matrix picture tube for rich, brilliant i Pushbutton control of color, contrast. Conserves energy! solid state chassis uses 48 percent less power than comparable.

RCA sets with tubes. Uses no powei when turned off. Instant sound. 82-Channel Electronic Digital Indicator- large glowing numerals indicate each of all 82 channels (2-13 VHP and 14-83 UHF). Solid State Color TV 1 aiogonai picture 1975 it's XL-100 ami morel A ecu Line precision fn-lfne block matrix picture'lube system for brilliant, sharply tie I oiled pictures and natural, warmer, more pleasing flesh tones.

Automatic Fine Budget Price SHOP AT HOME A a i House Representative Will Come To Your Home And Help You With Your Selection. 3 3 4 4 5 9 4 HOME TRIAL OPEN EVERY NIGHT TIL 8 O'CLOCK GlXNt SCREENl-XL-100 CONSOLES THEYtfE ALL IQtf SOLID STATE EASY CREDIT TERMS NO DOWN PAYMENT 90 DAYS SAME AS CASH 36 MONTHS TO PAY BANKAMER1CARD OR MASTER CHARGE RCA XL-1OO 1 Solid State Color TV 25" xEfto Sow state Color TV 25" Rfnfl A surprisingly low-cost Spanish style console rich with Old World embellishments like block-pattern sides, full platform base, overhanging top and decorative filigree across the apron. M6IM9TR66M MSLL QUALITY TV APPLIANCE CENTER.