Wall Street Digest ITC AT&T price hikes and market moves
In New York gold at 482.50 an ounce fell 5.50 as Handy & Harman quotes on the NY Commodities Exchange. The dollar rose to 218.65 yen in Tokyo as Easter holidays reduced overseas trading. AT&T cleared to raise charges by about 120 million annually and Telpak discount plan upheld. Gulf Oil Shell joint uranium suit upheld. General Atomic appeal denied. Anheuser-Busch to test Budweiser Light in select metros next week. Banks Continental Illinois and Bankers Trust lifted prime rate to 17.5 percent. SEC to urge automated trading link between exchanges and OTC markets. Shad approves预计. National Singing Telegrams revenue at 800000 last year. Household Finance diversification slows earnings. Tax breaks for auto and steel linger amid Treasury opposition.
MENTIONED IN THIS ARTICLE
New York
Handy & Harman
New York Commodity Exchange
U.S
Tokyo
Europea
Supreme Court
American Telephone & Telegraph Co
Federal Communications Commission
At&t
Telpak
Gulf Oil Corp
Shell Oil
General Atomic Co
Gulf Oil
National Product in Billions of Dollars 1530
National product figures show billions of dollars for the year 1530. The record notes Gross domestic output and overall economic measure, reflecting a historical economic snapshot.
Economy grows 6.5 percent in first quarter
The Commerce Department reports a brisk 6.5 percent annualized GNP gain for Q1, the best since 1978. Inflation-adjusted growth shows strength, but economists warn of a slowdown as inflation and high interest rates affect consumer spending.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Department
SCM Reports Third Quarter Income Decline
SCM Corporation reported a 24 percent drop in net income for the third quarter to 8.1 million or 83 cents a share, from 10.5 million or 1.08 a share a year ago, due in part to a 1.5 million charge for closing a Chicago paint plant. Nine months ended March 31 showed earnings ahead of last year, with improvements in Glidden Coatings and Resins and strong Allied Paper contributions despite lower near-term demand.
MENTIONED IN THIS ARTICLE
SCM Corporation
Chicago
SCM
Glidden Coat
Allied Paper
Allied
Glidden
Durkee Foods
Durkee Consumer Foods
Smith Corona Typewriters
Proctor Silex Appliances
Typetronic
Smith-Corona
Japan
U.K
Paul H. Blicker
Elicker
State Small Business Board Meets in Syracuse
A Syracuse luncheon hosts the New York State Small Business Advisory Board as it discusses expanding the board from nine to 15 members and previews the April meeting. Speakers include Richard Drucker and Ben Eisengart detailing interagency task forces and district office help for small firms. Francis OConnor will lead a postmeeting plant tour.
MENTIONED IN THIS ARTICLE
New York State
Small Business Advisory Board
State Group
Syracuse
State Board
Small Business Council
Theodore Piargon
Onondaga Supply Co
Greater Syracuse Chamber of Commerce
Pierson
Richard Drucker
Ben Eisengart
State Commerce Department
Repre
Commerce Department
Commerce Commissioner
Office of Business Permits
Francis O'Connor
O’connor
Japan ready to curb car exports to the United States
Tokyo officials proposed a 1.7 million unit export cap for 1981 with MIT leading talks. Minister Roksuke Tanaka rejected a 1.5 million three year cap as too low. The dispute frames a likely settlement before Suzuki’s Washington visit amid talks with Reagan officials.
MENTIONED IN THIS ARTICLE
Tanaka
U.S
United States
Zenko Suzuki
Reagan
Washington
Eastern Milk hits FmHA on loan ruling
Eastern Milk Producers Association says its equity has improved enough to seek alternative financing for two mozzarella plants without a loan guarantee. FmHA denied a $20 million guarantee, citing credit factors and the dairy cooperative’s ability to meet its Leprino Foods milk contract.
MENTIONED IN THIS ARTICLE
Eastern Milk Hits
Fmha
Eastern Milk Producers Cooperative Association
Farmers Home Administration
Michael Donovan
Tive
Leprino Foods
Eastern
Leprino
Horseheads
Waverly
Dairy Farmer
New York-New Jersey
Donovan
Hastern-Leprino
Also Mentioned on This Page
Business Digest
Dolar
At&t Way
Anheuser-Busch Inc
Anheuser-Busch
Miller Light
Continental Illinois National Bank & Trust Co
Bankers Trust Co
Wall Street
Federal Reserve
MIB
Securities and Exchange Commission
John S. R. Shad
New York Stock Exchange
Shad
Commission
National Singing Telegrams
HFC
T He Tresary
Li iV
Congress
White House
Murray Weidenbaum
Council of Economic Advisers
Small Business
New York Times
Ministry of International Trade and Industry
Kyodo
MIT Is
Commerce
Malcolm Baldrige
Suzuki
Food and Drug
By Sylvia Porter
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