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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 03, 1984
Page
2
Dow rises 17 points to 1183.08 in first half hour as advances outpace declines by nearly five to one. Strong volume hints at continued momentum after record pace in prior session with broad NYSE activity.
Spot copper 64 4 67 cents a pound and lead 30 94 cents. Zinc at 50 cents and tin 629 10 dollars per pound. Gold 34 40 per ounce, silver 7 89, mercury 300 to 310 per flask. Platinum 330 to 386. NYSE total 159 99 million shares, Dow at 1 166.08 up 31.47, near three months high. Wheat 2 24, corn 3 34, oats 3 20, soybeans 6 24 per bushel. Lorain County Farm Bureau Cooperative noted market activity.
Wall Street exploded with activity as the Dow Jones rose to 1,166.08 the highest since May 10 and volume on the NYSE reached 172.83 million shares. Investors, led by institutions, bid up prices on signs that growth would ease and rates had peaked, signaling a major shift in market sentiment and helping President Reagan’s prospects in an eased political climate.
The toy maker unveils the Snugglebumms a six member family of dolls named Momma Brightly Papa Gently and their children Warmly Cutely Fondly and Spritely marketed as timeless friends for children aiming to capture kids and parents wallets one more holiday season.
Psychologist Richard Hagberg and researchers study a group of over 100 fired executives dubbed Charlies. They find traits like rigidity, impatience, and impersonal analysis that hinder general management. Companies should emphasize social and leadership training and strong job analysis to balance Charlie-like tendencies.
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