Opening stocks surge as market extends rally
The stock market surged ahead in heavy trading in New York, with the Dow Jones average around 1,214 after a gain of about 12 points in early activity. Gainers led 2 to 1, funds flowed into stocks, and investors anticipated further gains as long term rates were seen peaking. American Telephone & Telegraph led active issues, up 1% with a 400,000 share block traded. Friday’s Dow rose to 1,202.08, with NYSE advances outpacing declines and volume setting new highs.
MENTIONED IN THIS ARTICLE
New York
Wall Street
American Telephone & Telegraph
NYSE
American Stock Exchange
New York Stock Exchange
Police and Fire Activity in Elyria and Surroundings
Timeline of police and rescue responses in Elyria and nearby areas listing arrests for burglary and assault, gas leaks, drownings, and vehicle incidents, with locations including Barry's Food Mart 1259 pm, Furnace 747 for a boy choking, Schadden Road head wound, 41749 Schadden Road, and various street addresses. Notable arrests include Albert Chambers at Lorain PD on a bench warrant, Darlene Deroucine for felonious assault, and Humberto Rivera for disorderly conduct. Incidents also note two aggravated burglary attempts, a felonious assault, a death by natural causes at 916 Washington Ave, and a concealed weapons arrest for Charles L Smith.
MENTIONED IN THIS ARTICLE
Ang
Barry's
Food Mart
Schadden Road
Lake Ave
Georgetown Ave
Logan St
Second St
Albert. Chambers
Beaver Ave
Lorain
River St
Darlene M Deroucine
Second
Elyria
Chestnut St
Bell Court
Oberlin Road
Am — Pike
Elywood
Washington Ave
West Ave
Avid Drive
Morn's Open Kitchen
Broad St
Naples Road
Humberto Rivera
Fuller Road
Portia Court
South Park
Cal
North
Abbe
Eatvenicht Food Mart
Chestnut Ridge
Pnd
U S narrows Conrail sale to 2 bids
The Reagan administration has narrowed Conrail buyers to two bidders, Alleghany Corp and a Marriott group led by J Willard Marriott. Transportation Secretary Elizabeth Dole seeks a decision by week’s end for Congress approval amid speed concerns. Labor reps are influential as talks continue with both bidders.
MENTIONED IN THIS ARTICLE
Washington
Reagan Administration
Conrail
The
Alleghany Corp
J. Willard Marriott
Transportation
Elizabeth Dole
Congress
Department
Alleghany
Marriott Group
Labor
Volcker named catalyst for record Wall Street rally
Fed chief Paul Volcker’s remarks that the Fed would hold rates steady for the year sparked a historic market surge. Analysts credit his testimony with pushing bonds and stocks higher, signaling a new leg in the bull market as the Dow neared 1200 and volume hit new highs.
MENTIONED IN THIS ARTICLE
Federal Reserve
Paul Volcker
Wall Street
Volcker
Fed
Also Mentioned on This Page
Brunswick Dr
Terry G Newcomb
Griswold Road
Ohio St
Abbe Road
Charles L Smith
Jefferson St
Adams St
Amits
EsKod
Echlin
Exxon
Hmsthe
BethSu
Boeing
Et Lilco
MirHun
McDaid
Tom Tom
Coleco
NYNX
DeltaAr
Penney
PepsiCo
Pheer
Ita PhilMr
Tancer
RCA
Ay Rarmad
Revea
Byard
Revlon
Rockwlt Reynin
Singer
Ege Pont
Sperry
StaufCh
Texaco
TOG
Mn Weyorh
My Winnbotte
Grafeite
Sound & Security
Mid-Ohio
Elyriar
Cleveland
U.S. Narrows
Marriott
Northeast
New England
Virginia
Missouri
Transportation Department
Aluminum Company of America
Massena
N.Y
Fed Chief
Volcker Stock Rally
Salomon Brothers
Henry Kaufman
Kaufman
Dr. Doom
Ralph Acampora
Kidder, Peabody & C
Francis HM. Kelly
Oppenheimer & Co
Kelly
Dow
AmeriTrust
FDIC
Ohio
Cuyahoga County
Ineritrust
AmeriTrust PO
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