Opening stocks show indecisive market amid mixed inflation signals
New York traders saw a subdued start as gains barely outpaced losses on the NYSE. The Dow Jones Industrial Average slipped 0.45 to 1009.82 in the first half hour while inflation data eased in March, yet investor skepticism persisted and the bond market remained weak despite inflation news. Early movers included Westinghouse down 4 to 33 2, American Telephone and Telegraph up 2 to 55 1, and Standard Oil of Indiana down 2 to 58.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Westinghouse Electric
American Telephone & Telegraph
Np *2
Standard Oil
Indiana
Grain prices in Ohio grain markets after hours
The average cash grain prices paid to farmers by elevators in Ohio’s principal marketing areas rose modestly after markets closed Thursday and opened Friday. Notable figures include No 2 soybeans at 3.28 per bushel and No 2 wheat around 4.85 in the Central region with corn near 3.27 per bushel.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
OEO
Kidron barnbuster sale drives livestock demand after rain
Heavy consignments at Kidron Thursday pushed hogs to a new record with more than 1000 head sold. Feeder pigs and spring lambs remained in strong demand while dairy cattle and close springer heifers stayed in good demand amid steady prices across cattle, hogs, hay, and straw markets.
MENTIONED IN THIS ARTICLE
Kidron
St Kicron
Copper and tin lead metal prices in New York daily quotes
Daily New York metal prices for nonferrous markets show copper at 85 to 50 cents per pound, lead around 26 to 38 cents, tin about 6.7454 per pound, silver near 11.20 dollars per ounce, and mercury at 420 dollars per flask. Quotes from Bandy & Hannen and Handy & Harman. Spot price references and delivery terms noted.
MENTIONED IN THIS ARTICLE
New York
Bandy & Hannen
Opiy
Handy & Harmen
Grain Prices Reported By Lorain County Farm Bureau
Lorain County Farm Bureau Cooperative Association data from yesterday’s market show wheat at 3.89 dollars per bushel, shelled corn at 3.27, oats at 32.60 per bushel, and soybeans at 7.43 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Flexible mortgage rates head to homebuyers nationwide
Washington policy shifts allow federally chartered savings and loan associations and mutual savings banks to offer mortgages with interest that can fluctuate with a market index starting month end. The Comptroller of the Currency previously approved national banks for a limited version with annual caps. Regulators say flexible rates help keep mortgage money flowing as rates rise.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Bank Board
Savings and Loan Associations
Mutual Savings Banks
Comptroller of
Mortgage rate rules spark consumer push for safeguards
Consumer groups urge limits on FHLB mortgage rate links amid inflation and earnings squeezes. Ellen Broadman of Consumers Union warns adjustments could outpace income growth, risking homeowners' ability to meet payments. Jonathan Brown of PIRG calls for Congressional action to tie rates to slower metrics.
MENTIONED IN THIS ARTICLE
Ellen Broadman
Consumers Union
FHLB
Jonathan Brown
Ralph Nader
Public Interest Research Group
Congress
Major oil firms post lower first quarter earnings
Exxon Corp Gulf Oil Ashland Oil report sharp drops in Q1 profits as oil glut and weak demand squeeze majors. Exxon earnings down 16.3 percent to 1.6 billion while Gulf profits fall 22 percent to 303 million. Ashland down 85 percent to 7.2 million with revenue up to 2.21 billion. Occidental slips 6.6 percent to 259.4 million. Gulf notes losses in US and European refining but exploration earnings rise about 30 percent to 593 million.
MENTIONED IN THIS ARTICLE
Exxon Corp
Gulf Oil Corp
Ashland Oil Co
Ashland
U.S
Exxon
Gulf
U.S. Dolar
Jerry McAfee
Occidental Petroleum
No. IL
Mid-April Auto Sales Highlight Ongoing Recession
U S carmakers report mid April sales of 150 4269 cars for April 11 20 period up from 147 902 last year as production plans lift to 25 percent above 1985. Chrysler posts strongest gain with 20 216 cars up 477 percent. Ford up modestly. GM down 3 3 percent. Directors end Chairman Tacocca's one dollar salary and plan wage begins September 1 1986.
MENTIONED IN THIS ARTICLE
Detroit
Ward
Chrysler Corp
Attomaker
Chrysler
Ford
American Motors Corp
AMC
Lee A. Tacocca
Also Mentioned on This Page
Baek Cpn
Am Brand
Crow Edison
Am Cran
Desmzitta Pe
DeFoni
Eau
Easimsa Kodak
Ps Firestone
Ferd Motor
Aas Gee
Ger Foods
A&p Waker
Hansa
MGM
Demeres
Deere Bet Mobit Coro
Ezsea Co Morsantn
Fetzer
Baader Barmre
Owens
Eeat
Aloe
Texaco
Ed Brand
US Steel
Cajakn Western Caco
Mutuals
Jono Hascock
Mass
Vanguard
Weilingta
Northwest
Chicago
Midwest
Fenerdar
Tke
BR Smo
Amer
Rendant Amer
Cho Bason
Parker Baomhia
Parker Baomhia Xtre Searte ED Ce Spocke Sorthern Co. Sybroy Trieda Eis Oe
Phe Coss
Kidron Livestock
Loaut
G.rage Auto Insuran
Penfound Insurance Agency
Elyria
Business News
Treasury
Oil Company
Sohio
Larac
United Press International
General Motors Corp
Vermilion
Teleprompter
Vermilion Town Hall
Robin G. Russell
Lorain County
Weiners
Pioneer Federal Savings & Loam Association
Third ST. Elyria
N. Abbe RD
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