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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 03, 1997
Page
2
GM reports U S sales up 4 percent in March versus a year earlier led by a 9 percent gain in light trucks and a 0.6 percent rise in cars. Chrysler falls 3 percent Honda drops 7 percent while Nissan posts a 19 percent March surge aided by SUVs and minivans.
A fragmented listing shows active stocks on the New York market with prices, highs and lows. The page includes company names such as Exxon, Enron, Merck, Xerox, and various utilities and banks, alongside numbers indicating bid prices, volume, and percent changes.
The Dow Jones industrial average fell sharply erasing most of 1997 gains amid volatility in a session driven by weak volume and concerns over inflation. Nasdaq slid to its lowest since September while bond yields climbed toward six month highs. Traders eyed Friday's employment data and the Fed's rate stance as orders for U.S. factories rose 0.8 percent in February.
Nissan division reports its best March ever with Quest minivan production at Ford Ohio Assembly Plant and sales of 9 318 units. Nissan Truck and Sentra also post large gains, while GM and other automakers show mixed results amid overall strong industry momentum.
Closing prices from New York exchanges show gold at 349.20 per ounce, silver 48.48, platinum 367.20, palladium 147.75, aluminum 72.4 cents per pound, copper 11.260 a pound, lead 0.48 a pound, zinc 0.84 cents, tin around 0. loading, and mercury 23.00 per 76 pound flask.
The Lorain County Farm Bureau Cooperative Association Inc lists yesterday market closes with wheat at 357 per bushel, shelled corn 304, oats 2.00, and soybeans 846 per bushel, noting price levels for the day.
Edward W. Hill of Cleveland State University’s Urban Center argues that Northeastern Ohio should focus on small manufacturers for employment growth rather than courting large companies. His analysis of 310 MSAs shows the region strong in productivity and manufacturing, despite Ford cuts in Lorain.
Healthdyne Technologies directors voted unanimously to urge shareholders to reject Invacare Corp offer. Invacare had proposed 13.30 per share for Healthdyne, a bid pursued for months and extended to April 28. Invacare chairman urged talks while Healthdyne’s Petit called the offer below value and warned a proxy contest now seems unavoidable.
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