A: Spot Dictation Direction:In
this part of the test, you will hear a passage and read the same passage with
blanks in it. Fill in each of the blanks with the words you have heard on the
tape. Write your answer in the corresponding space in your ANSWER
BOOKLET. Remember you will hear the passage ONLY
ONCE.
Wall Street Stocks are mixed with blue chips rebounding from
(1) . Right now the DOW industrials are up nearly 12 points
at (2) . It has been down 21 points. But the NASDAQ composite
is (3) , at 13.43. Bonds also rebounded from their
(4) , the treasuries 30-year issue is up eleven thirty
seconds of a point (5) , pulling the yield down to 6.62
percent. ITT is offering to (6) , an Italian phone book
publisher. The hotel and casino giant is (7) to complete the
1.6 billion dollar deal. ITT actually made the offer long before. Hilton hotels
(8) its 6.5 billion dollar take-over bid for ITT. But just a
few weeks ago, ITT said it would stick to (9) and sell other
assets to help fend off Hilton’s bid. The US dollar is mixed against most major
currencies, after (10) on Thursday. The dollar is now up
(11) of the yen on the Japanese currency. It’s up slightly
on the German Mark, but it’s down (12) on the British pound.
Turning to European stock market, shares in Germany (13) on
Friday. In Frankfurt, the DAX is 12 points to finish the day at
(14) . British and French stocks are also weak. In
London, the Financial Times 100 Index is down 34 points. And in Paris the
Cackulaunt is down 1 point. (15) in the European tire market
is forcing Michelin to slash nearly 1,500 jobs. The French tire markets said the
cut will (16) early retirements, transfers and other
measures. Union Baker Switzerland reporting 1996 loss of 235 million dollars,
but most of that is due to a big charge for (17) .
Separately, USB has tracked down a third of its 7 million dollar in dormant
accounts (18) World War Ⅱ. But it says none of the
money (19) holocaust victims. Later, on world business today
we’ll look what this means to (20) .