Rally Lifts Stocks as Blizzard Disrupts Trades
UPI reports a modest stock market gain as rally attempts surpass pessimism. Dow edges up to 839.33 while NYSE and AMEX indices rise. heavy trading activity centers on AT&T Exxon and Phillips Petroleum, with Getty Oil planning a buyback. Blizzard closures affect some commodity markets and trading hours.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Area
New York Stock Exchange
Standard & Poor
New York Cotton Exchange
U.S
Standard & Poor’s Corp
American Telephone & Telegraph
Exxon
Teledyne
Metromedia Inc
Phillips Petroleum
Supreme Court
Phillips
Standard Oil
Indiana
Union Oil
California
Standard Oil of
Ohio
Superior Oil
Mobil
Pennzoil
Getty Oil
Japanese Railways chief touts 160 mph trains as cost saver
Koji Takahashi of Japanese National Railways told a House subcommittee that 160 mph bullet trains earn 59 percent more than their cost, enough to cover construction and subsidize unprofitable regular services. He suggested similar high speed links could link major U.S. cities 200 to 400 miles apart. Lennox to unveil pulse combustion gas furnace next month.
MENTIONED IN THIS ARTICLE
Washington
UPI
Japanese National Railways
U.S
Koji Takahashi
House Science and Technology
Marshalltown
Lennox Industries Inc
Lakes outlook gloom prior to Great Lakes shipping season
The Great Lakes shipping season opens this month amid economic worries and a bleak forecast for the worst season in 20 years. Lake Carriers Association president Paul Trimble predicts tonnage will fall about 10 percent from 147 million tons last year, including iron ore coal and grain.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Great Lakes
Paul Trimble
Lake Carriers Association
P&G to Build Expansive Twin Towers HQ Upgrade
Procter & Gamble announces a major expansion plan adding a two-tower headquarters on a full city block beside the current building in Cincinnati. Groundbreaking is planned in May with completion expected by early 1985.
MENTIONED IN THIS ARTICLE
Cincinnati
UPI
Procter & Gamble Co
Procter & Gamble
States consider $6.8 billion in tax hikes across 45 states
Forty-five states with legislative sessions this year probe tax increases totaling 6.8 billion dollars driven by reduced federal aid and weak revenue. A 410 million proposal would only slightly affect the package while a Council of State Governments forecast predicts a 700 million shortfall in 1981 and 1982 even with hikes. General sales tax is expected to be the core target while income, gas, liquor, and tobacco taxes also appear on the agenda.
MENTIONED IN THIS ARTICLE
Washington
UPI
Tax Foundation
Arkansas
Montana
Nevada
North Dakota
Texas
Foundation
Council of State Governments
Ford extends sales incentives across major models
Ford Motor Co. expanded its free maintenance and 5 percent rebate plan through June 6 for most non luxury models including Escort mustang and Capri. The program retroactive to April 4 covers two years of maintenance and adds a 5 percent rebate usable on down payments or as cash.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Ford Motor Co
General Motors
Chrysler Corp
Ford
Lincoln
Continental
Chrysler
Gasoline Averages Drop Ahead of Easter Weekend
The AAA reports nationwide gas prices down 15 cents from last year's peak and a two month drop of ten cents per gallon. Regular self serve averaged 1.155 and unleaded 1.22, while full service was 1.279 and 1.331. Lowest readings were in New Jersey at 1.17, with Nevada highest at 1.344.
MENTIONED IN THIS ARTICLE
Washington
UPI
American Automobile Association
AAA
New Jersey
Nevada
Gold tops $360 as rumors spark market jitters
Gold jumped to more than 360 dollars an ounce in New York amid nervous markets over oil prices and geopolitical crises in Britain, the Middle East, and Central America. Dealers blamed a false report of Russia action in Pakistan for the spike before easing back.
MENTIONED IN THIS ARTICLE
New York
UPI
Britain
Middle East
Central America
Luis Vigdor
Manfla Tordella Brookes Bullion
Argentina
Falkland Islands
Russia
Pakistan
Afghanistan
New York Commodity Exchange
Zurich
London
Comex
Bank of England
Also Mentioned on This Page
Commodity Exchange Inc
American Stock Exchanges
Getty
Houston Oil Trust
Dome Petroleum
Wang Laboratories
National Association of Securities Dealers
Revolutionary’ Furnace
P&g
Sheller
Toledo
Sheller Globe Corp
Clifford Ltd
Hall Green
Birmingham
England
Dubuque
Selotex of
International Woodworkers Union
Selotex
Consumer News
General Motors Assistance Corp
Cedar Rapids
Iowa City
Perpetual Savings
Inc
U.S. Treasury
Puter
First National Bank OF
Iowa
Cedar Rapids , Marion
8Th Ave
Marion
FDIC
IRA
First National Bank OF Iowa
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