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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 25, 1982

Page

27

NYSE closes slightly lower as volumes near 56 million shares

Market summary shows NYSE indexes ending mixed with declines in Composite and Industrial and a slight rise in Transportation and Utilities. Amex active list highlights Core Petrol Verbatim Wang LabsB Tele Science Gulf Canada Intl Banknote Tec Sym Cp Guilford Mis Key Pharmc Resorts IntlA and x ex dividend notes.

Core Petrol Cp Wang Labsb Tele Science Gulf Canada Tec Sym Cp Guilford Mis Key Pharmc Resorts

Thursday Stock Averages and Market Highlights

Amnex indexes show mixed results with a close at 253.82 and volume of 3.72 million shares. Dow Jones Industrial and other averages record modest changes with notable activity across Industrials Transpor tation Utilities and bonds markets.

NEW York UPI New York Stock Exchange NYSE American Stock Exchange Dow Jones New York Dow Jones

Market report from Standard & Poor's UPI update

NYSE and NASDAQ snapshots show mixed activity with Industrials Utilities and Financial stocks near midday highs. Notable movers include Exxon Corp Tandy Corp and Gems Motors amid volume of over 3363 issues and 269 million dollars traded.

Regional New York Stock Composite Close Mixed Amid Wide Rallies

Regionals data show mixed closes with many stocks advancing and others retreating. The UPI report flags notable activity across Celanese, Exxon, Chevron, and several regional listings, reflecting uneven gains and ongoing price volatility across multiple markets.

Peavey Merger Approved By ConAgra To Create Major Flour Miller

Shareholders approved a 180 million merger making Peavey Co of Minneapolis a wholly owned subsidiary of ConAgra Inc. The deal ends with Peavey stockholders taking 30 dollars per share in cash or in ConAgra stock, boosting ConAgra to the lead flour miller with a 21 percent national market share. Montana officials had pressed for antitrust review over potential reduced grain competition. A Justice Department spokesman said a decision on a full antitrust probe had not been made. ConAgra reported 1.4 billion in sales and 27 million net income last year. Peavey reported 821 million in sales and 23 million net income.

OMAHA UPI Peavey Co Minneapolis ConAgra Inc ConAgra Peavey Montana Justice Department Omaha World-Herald Peavey Common Archer Daniels Midland Lake Superior

Also Mentioned on This Page

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