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BUFFALO STOCK INDEX DECLINES

The stocks of companies with operations in the Buffalo area were little changed this week, with Sears, Roebuck & Co. rising and American Locker Group falling,.

The Buffalo Bloomberg Stock Index fell 0.80, or 0.4 percent, to 221.26 for the week. Thirty-three stocks fell, and 23 gained.

Sears rose $6.94, or 15 percent, to $52.95, after Kmart Holding Corp., the retailer controlled by billionaire Edward Lampert, agreed to buy it for $11 billion to create the third-biggest U.S. retailer.

Amherst-based Columbus McKinnon Corp., which makes cranes, hoists and other industrial equipment, rose 50 cents, or 6.9 percent, to $7.79.

Among decliners, Jamestown-based American Locker, which sells and rents coin, key or electronically controlled lockers and mailboxes, fell $1.67, or 12 percent, to $12.73.

Buffalo-based Rand Capital Corp., a closed-end management investment company, dropped 20 cents, or 11 percent, to $1.65.

The Buffalo Bloomberg Stock Index reached a 52-week high of 224.44 on Nov. 17, and its 52-week low of 184.61 on Nov. 20, 2003.

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