Stocks Rise on Reports Return to Broad Gains
Stocks surged on Tuesday led by optimism from Carter administration assurances that a recession could be avoided and comments from bankers suggesting rates may have peaked. The Dow rose 13.68 to 820.51 while NYSE volume and notable gains by IBM highlighted the broad market advance.
MENTIONED IN THIS ARTICLE
New York
UPI
William Miller
Federal Reserve
Fed
David Rockefeller
Chase Manhattan Bank
London
NYSE
U.S
National Association of Securities Dealers
IBM
Armco plans $50 million Butler expansion in Butler PA
Armco Inc announces a 50 million project to modernize its Butler specialty steelmaking facility in southwestern Pennsylvania. A second continuous slab caster will speed and economize production of electrical and stainless steel, with start up planned for late 1981 and an estimated 8 percent annual energy savings.
MENTIONED IN THIS ARTICLE
Pittsburgh
API
Armco Inc
Butler
Pennsylvania
Butler Works
Armco
Schaffnit
Fred Vero
UPI
Courthouse on schedule despite political pushback
Lawrence County Government Center construction proceeds as planned per inspector Courtenay Bunney. He reported steady work by plumbers ironworkers masons and electricians and noted good weather is key. Commissioner Frank A. Vitril defended his prior salary vote saying he opposes the courthouse, not the workers. Bunney defended his qualifications while colleagues praised his performance. In a separate note, Dale Bennett 36 of Forksville was killed at a saw mill in Elkland Township Sullivan County when a board kicked back and struck him, causing a fractured skull.
MENTIONED IN THIS ARTICLE
Lawrence County
Courtenay Bunney
Bunney
Frank A. Vitril
Vitril
John A. Meehan
Thomas A. Shumaker
Dushore
UPI
Dale Bennett
Forksville
Elkland Township
Sullivan County
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National Weather Service
Seattif
Moblet
Denver
UPI Weather Forocast
Atlanta
New Orleans
Nation
Central Plains
Texas
Mississippi Valley
Lower Lakes
Boston
Chicago
Cleveland
Dallas
Duluth
Houston
Jacksonville
Kansas City
Little Rock
Los Angeles
Miami
Minneapolis
Phoenix
San Francisco
Seattle
St. Louis
Washington
Butler’s
Advanced Materials Division
Richard L. Schaffnit
Hills
Youngstown
Lincoln Knolls Plaza
Walmo
Morrell Pride
Sammy
Morrell Pride Alent Uy 149
Nickle
Florida Sweet Juicy
Duncan Hines
Nestle
Pepsi Cola
Axe’s
Russett Baking Spotatoes
Hawthorne Mellody
Bag
Florida
Fresh Axe
Washington State
NEW Castle News
Emery Air Freight
Rootmans
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