Market levels off after Monday decline on mixed stock movement
UPI and AP reports show the Dow rising to 706.86 in early trading while advancers lag decliners 4-3 on the NYSE. Analysts caution that a recession could follow any rate declines and note mixed earnings on Sony, Firestone, and Xerox amid weak overall volume.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Sony
Firestone
Xerox
Dow Jones
NYSE
American Stock Exchange
Inflation Fight Through Moderation Across Sectors
The piece notes economists’ view that consumers ease inflation by moderating spending. New York garment makers pursue billions in delayed sales from the 11 day transit strike, with buyers dialed up to recoup losses. Restaurant losses from the strike total 15 to 20 million across 1,200 outlets, risking layoffs. Prices rise slowly, drivers cut trips, and banks tighten consumer credit under anti inflation efforts.
MENTIONED IN THIS ARTICLE
Phillips
Gallup
Federal Reserve System
United Press International
New York
Kurt Barnard
The
Federation of Apparel Manufacturers
Nebraska
Fred Samuels
New York State Restaurant Association
Crocker
Citibank
VISA
Sears, Roebuck & Co
U.S
Monumental Coal Mine Remains Heavy Duty Site Near Craig
At Colwyo Coal Mine near Craig Colorado two workers stand beside a 170 ton off highway truck, illustrating the scale of mining labor. The mine run by subsidiaries of W R Grace and Co and The Hanna Mining Co holds over 200 million tons of low sulfur high BTU coal under long term utility contracts in Colorado and Texas. Upon reaching full capacity by 1983 it would rank among the 25 largest surface mines in the U S producing about 4.3 million tons annually.
MENTIONED IN THIS ARTICLE
Colwyo
Craig
Colo
W.R. Grace and Co
Hanna Mining Co
Colorado
Texas
U.S
USW Leaders Vote on Tentative Steel Contract
In Pittsburgh a union source says a three year tentative pact is among the best with the steel industry. The agreement offers more than 40 percent total economic increases including cost of living adjustments. About 500 USW local leaders vote after two days of talks. if accepted the contract covers 450,000 basic steel members.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
United Steelworkers
USW
Osterman Jewelers to open Midway Mall store
Osterman Jewelers plans a 1500 square foot store at Midway Mall near Fisher-Fazio market in Toledo with 7 staff initially. Norwalk native Al Kangars, a 12 year employee, will manage the new shop, part of Osterman’s 25-store expansion across six states dating to 1922.
MENTIONED IN THIS ARTICLE
Osterman Jewelers
Midway
Fisher-Fazio
Toledo
al Kangars
Norwalk
Osterman
Milton Phillips
Kangars
Erie
Millcreek Mall
Ostermans
Sandusky
Capital University
Diamond Council of America
Michigan
Indiana
Pennsylvania
North
South Carolina
Lorain County Grain Prices At Market Close
The Lorain County Farm Bureau Cooperative Association reports closing prices: wheat 3.78 per bushel shelled corn 2.37 per bushel oats 1.70 per bushel soybeans 5.46 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
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Columbus
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Northeast
Northwest
Central
Cleveland
Cincinnati
USDA
Chicago
Great
A&p Shy
Hanna Min
Allg Power Allied Chm
Ye Hersh
Chim
Inco Ltd
Bhp
Cyan
T&t
Elec Pwr
Kellogg
Lote Am Motors
T&t S Kraft
Armey
Boeing Co Tis
Mattel
Borgir
McLouth Steel
Awe Mgm
Mobil Corp
Chessie
Monsanto
Motorola
Chrysler Cp Cin Gas
Ms Nabisco
Coca Coln
Col Gas
Colgate
Cmn Edison
On Corp
Con Edison
Uwa
Wen
Consu Power
Pan Am Air
Penne
Cook United
Penn Curtiss
PepsiCo
Phila Blee
DuPont
la Eastman
Evans
Goodrich
Goodyear
Tenaco
Grace
Texaco
VAL Inc
Union Carbide d
Fae Ae
Western Union
Tea Westh Blue
Walvac
Weyrhs
nam_que Smith Co
Pierre R
Acme Cleve
American Machine & Foundry
Ypha
American
Bendix
American Standard
Chromaliay
Eyles Service
CPC International
Dart
Ini Joh
Emerson
Excell Fruvnauf
TC Industries
Koehring
Lear Siegler
Tel Phi
Midland-Ross
Oho
Edison National Gypsum
Parker Hannifin
Searle
Gd) Co
Smucker
Southern Co
Subrom
Toledo Edison
Woolworth
Upton Pacific Corp
Ross
Inkot
Alabama Tenn
McMoranQil & A
AlabamaTenn
Connect Co
Zayre Cp
Adams Russell
al Ottertail
Oxford Ind
Relchhold Chem
Russell Stover
MotorPolis
UnitCare
Bkshs
Virginia Nat Brish
Mutuals
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Dreyfus
Fidelity — Puritan
NL Investors
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MIT
Union Soc
NL Vanguard
Ivest
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Ileasing
San Francisco
Dan Lundberg
Los Angeles
Lundberg
Washington
Phillips Petroleum Co
Crocker National Bank of
Sunburst International Inc
Way Securities Corp
Broad St
Elyria
J.C. Insurance & Bonding Agency
Lorain
Cleve
Oberlin
Middle Ave
First National Bank of Elyria
NEW Money Managers
Rasy
Me Hes
Lorain County
National Bank of
Hier
F.D.L.C
Broad Street
Westside Lake Avenue
Grswold Road
Midway Mall
Abbe Road
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