USW official rejects across-the-board concessions in steel talks
Frank Valenta of United Steel Workers District 28 insisted steel firms must press Washington for any concessions and warned against blanket givebacks. He cited Reagan era policy shifts and a stalled Carter-era commission on imports, while noting no official request to reopen the master contract ahead of its August 1 1983 expiry. He urged identifying true need for concessions and tying them to administration changes.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Frank Valenta
United Steel Workers Union District 28
Washington
Valenta
American Steel Industry
Jimmy Carter
Reagan
Richard S. Smith
National Steel Corp
New York
United Auto Workers
Smith
Market advances slightly on steady indices in New York
The stock market rose modestly in early trading as the Dow Jones industrial average gained 1.24 to 840.85. Gainers led losers 6 to 5 on the NYSE, with traders eyeing the Fed’s money supply report and March factory utilization at 71.4 percent, down from 72 percent. Major quotes included Federal National Mortgage up 1/2 at 8, Mobil unchanged at 22, and Kimberly Clark down 4 at 63.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Mobil
Kimberly-Clark
NYSE
American Stock Exchange
Aligim
HancaMin
Sup- Alcoa
BethSe
Ndg
Emerson
Natl
Excello
CdnPac Owenlll
Pan Am Air
Goodrich
Chrysler Co Pe IC Oeth Lc, Industries
CocaCol uMroid
Lear
Dayton Hud
RCA
Midland-Ross
Diamol
Reynat
Parker Hannifin
Dupat
Searle (Gd) Co
Eaton Eskodak
Ae Ye StoCal
Southern Co
ExxoeCo
Souob
Oleao Alison i
Ford Motor
Texaco Tenaco
Union Pacific Corp
M Timkenbak Woolworth
F.W
Trans W Cp Ath GolFds
UAL Inc
Uniroy! Inc
Great Alpom
Westhe
Grain Prices By Region After Market Close
Grain prices across Northeast and Northwest Ohio show No 2 wheat trading around 3 45 to 3 60 per bushel with No 2 shelled corn near 2 56 to 2 83 and No 1 soybeans around 6 23 to 6 25. Oats ranged 2 13 to 2 43. trend notes show No 2 wheat higher in some regions and soybeans steady while others show unchanged readings.
MENTIONED IN THIS ARTICLE
Colubus
uPr
Northeast Ohio
Northwest Ohio
Ohio
Kidron Livestock Market Report Highlights Beef and Dairy Gains
The Kidron market shows first cutting bay hay up to 250 per ton and second cutting to 410 per ton, with top hogs at 54 and feeder pigs in strong demand. Beef cattle include good cows to 46.50, dairy cattle steady with springers near 1,200. calves and feeder cattle priced across categories, plus lambs and goats reported. Total head 2,224 from 469 consignors. hay and straw loads noted.
MENTIONED IN THIS ARTICLE
Kidron
GM and UAW Sign Giveback Contract to Save Billions
In Detroit UPI reports GM and the United Auto Workers signed a giveback contract aimed at saving about 3 billion. UAW President Douglas Fraser and GM Chairman Roger Smith led the ceremony, the first public meeting since talks broke off in January.
MENTIONED IN THIS ARTICLE
Gm-Uaw
Detroit
UPI
General Motors
United Auto Workers
UAW
Douglas Fraser
Roger Smith
Fraser
Smith
Electrical workers OK concessions at GM pact
The IUE approved a concessions package for General Motors following the UAW lead. Packard Electric in Warren, Ohio, gave final approval with 5,618 to 2,462 of 10,143 voters. The deal avoids wage cuts, defers a 9 month cost of living adjustment, keeps pension and insurance intact, and adds an equality off sacrifice clause with GM management sharing in economic adjustments. Outside work discuss and 12 to 20 percent savings for GM buyers are included. All Savers rate rises to 10.37 percent, with 10.16 percent still available through Saturday.
MENTIONED IN THIS ARTICLE
International Union of Electrical, Radio and Machine Workers
General Motors Corp
United Auto Workers
Ohio
IUE
Packard Electric
Warren
TUE
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USW
Russellstoll
Livingston
N.J
Midland- Ross
Kidron Livestock
EiFigidaire
Stewart's
Cleveland St
Elyria Iyo
Sgrom
Electrical Workers OK Concessions
The
Associated Press
Treasury Department
Holiday Ink
Midway Mall
J. 8 E. Sales Company
Elyria
Deat Ron Tors
EST
Pardner
Pardner Automatic Bankers
Lorain County
Elyria Savings & Trust National Bank
Cutie