Auto sales trend shows brisk May gains for domestic and import makers
May sales rose 0.5 percent for seven major domestic automakers, with imports up 11 percent for European brands and 9.8 percent for Japanese makes as stocks replenished. Ford up 9.3 percent, GM down 2.9, Chrysler down 6. Honda up 22.1, AMC down 33.5. Mortgage rates ease. fixed 13.5 percent, adjustable 11.34. VA min rate trimmed to 11.5 percent.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
General Motors Corp
Chrysler Corp
U.S
American Honda Motor Co. Inc
Honda
American Motors Corp
Federal Home Loan Bank Board
Veterans Administration
Britain trims North Sea oil prices for June
London reports BNOC lowers Brent Forties and Ninian crude prices for June by $1.25 per barrel from May levels. The move follows a trend tying BNOC prices to the spot market and may pressure OPEC and spur other producers to cut. If fully passed to consumers, the cut equates to about 3 cents per gallon.
MENTIONED IN THIS ARTICLE
London
Britain
North Sea
Anayats
British National Oil Corp
Forties
BNOC
Cigarette firms to help fund tobacco price program
Washington officials say federal tobacco price-support would be rescued under a bill that would tax cigarette companies to cover part of the program costs. After a long day of intense talks, growers and cigarette reps reached an agreement on lowering price-support levels to reduce high U.S. leaf prices and curb imports amid surpluses.
MENTIONED IN THIS ARTICLE
Washington
Senate Agriculture Committee
Ron Phillips
U.S
Farmers' loan woes continue in the Midwest
A Federal Reserve Bank of Chicago survey of 550 banks in Illinois Indiana Iowa Michigan and Wisconsin shows Iowa leading in farm loan write offs with 2.9 percent. Illinois follows at 1.9 percent while Indiana Michigan and Wisconsin report about 1 percent write offs in 1984.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Midwest
Federal Reserve Bank of Chicago
Illinois
Indiana
Michigan
Wisconsin
Also Mentioned on This Page
Southern Illinoisan
Tony Mikrut
Miciwi
Paul Parson
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