Opening stocks rally poops out
The Dow Jones industrial average fell 8.39 points to 1194.57 in the first half hour as stocks slipped after a recent rally. Spot nonferrous metals prices were listed with copper at 64.5 to 65.7 cents a pound, lead 28 to 34 cents, zinc at 0, tin 63.25 to 63.50 cents, gold at 349.25 per ounce, silver 7.59 per ounce, mercury 2.96 to 3.10 per 76 pound flask, platinum 327 to 332 per ounce.
MENTIONED IN THIS ARTICLE
New York
NYSE
Agnl
Ty At&t
Vika
AshlOil
Aurich
Li Baxter
Ty Boeing
CIGNA
ColgPul
Pia
DawCh
Ya duPont
Bastar
Bn EsKod
Thria Exxon
Ganuit
GenEl
Harsen
IBM
É. Johnda
Kmart
KeryMe
Monsen
Owen
PepsiCo
Pulver
RalsPar
Royle
St Regis
Schimb
Searle
Ahly
Sears
Sperry
Texaco
Lorain County Farm Bureau posts local grain bids
Lorain County Farm Bureau Cooperative Association released yesterday's closing market bids for Wheats at 32 dollars per bushel Shelled Corn at 3.35 dollars per bushel Oats at 2.14 dollars per bushel and Soybeans at 6.24 dollars per bushel indicating steady local prices for producers and buyers in the region.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association
Egg price report notes mixed wholesale quotes in Midwest
AP dispatch from Chicago and Columbus reports egg sales across major markets. Retail cartons in Chioles show extra large at 76-73 cents, large 69-72, medium 52-55, small 38-45. Cincinnati and Cleveland price ranges given. Wholesale Midwest Class I large 64, Class II large 42, mediums 40, smalls 33. Broken stock checks 41.
MENTIONED IN THIS ARTICLE
Columbus
Cincinnati
Cleveland
Chicago
Midwest
Creston Auction Sells 407 Cosigners Livestock Lot
A Creston market report lists 407 cosigners selling 052 head of livestock Monday. Cattle include choice steers 66 to 368, hogs and pigs with varied prices, sheep and lambs, goats, and calves with prices from 25 to 95 dollars. Utilities, cutters, and feed lots also feature in the day’s consignments.
MENTIONED IN THIS ARTICLE
Creston
T-bills auctioned at highest rate in 2 years
Washington AP reports yields on short term Treasurys rose in Monday auctions. Three month bills sold 13.2 billion at an average discount rate of 10.55 percent, and six month bills at 10.68 percent. Rates were the highest in two years, with implied returns of 10.99 percent and 11.45 percent respectively.
MENTIONED IN THIS ARTICLE
Washington
Treasury
GM to pay 1.25 dividend for third quarter
General Motors directors approve a 1.25 per share common stock dividend for the third quarter, payable September 10 to stockholders of record August 16. The payout matches the second quarter and raises the year’s nine month common dividend to 3.50 per share. A 1.25 dividend is also declared on the 5 series preferred and 93.75 cents on the 3.75 preferred, payable November 1 to stockholders of record October 1.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Trade deficit hits new high amid weak farm exports
The U S foreign trade deficit rose to a record 26.3 billion in Q2 as farm sales slumped and demand for foreign oil rose. The April–June gap nudged past 25.6 billion in Q1, signaling a possible 1984 trading year record despite Baldrige’s cautious export optimism for 1985. The surge was driven by a 7 percent lift in petroleum imports and a 10 percent drop in agricultural exports while the dollar remained strong, with the CBO predicting continued growth through 1985 but at slower rates.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Congressional Budget Office
Commerce
Malcolm Baldrige
United
CBO
Kroger May Reopen 45 Michigan Stores After Pact
Detroit AP reports Kroger workers vote on a tentative agreement that could reopen about 45 of 70 Michigan stores closed last month. Union and company officials say ratification is likely and thousands of former Kroger employees could be rehired under the new contract.
MENTIONED IN THIS ARTICLE
Detroit
Kroger Co
Paul Bernish
Kroger
Cincinnati
Bernish
Horace Brown
United Food and Commercial Workers Local $76
Brown
Kroper
Lafayette
Ind
Champaign
Baton Rouge
Michigan
Deflation scare debate widens among economists in Jackson
In Jackson Wyoming economists clash over deflation fears sparked by editorial pages and a New York Times piece. Analysts say the scenario is a red herring, noting the strong dollar, commodity volatility, and debt pressures as part of disinflation rather than true deflation.
MENTIONED IN THIS ARTICLE
Jackson
Wyo
Wall Street Journal
New York Times
Continental Illinois National Bank and Trust Co
Chicago
Robert Dederick
Northern Trust Co
Federal Reserve Board
Federal Reserve Bank of Kansas City
William Nordhaus
Yale University
United Banks of Colorado
Also Mentioned on This Page
Dow
New York Stock Exchange
TxiXiss
Tosco
Ushiem
US Steel
UniTel
Iss
Varian
Gzay
Ate — Waste
Pierre R. Swarth
Acme Cleve Ot Y Allied Corporatiop
Alltel
AME Inc
AmerShip Building
Ie American Standard
Chromattoy
PC Inter Ine
Emerson Gbs
Excello
Fruehauf
Goodrich
TC Industries
Lear Siegler
Lorain Bancorp
LBM
Midland-Ross
National Gypsum
Nordson
Qhie Edison TA Parker Hanmfin Smucker
Svbron Alix
Texas Abhi
Toledo Edison
Walco
Woolworth
Riutuals
Selt
Amer-Wash
Dreyfus
Fidelity-Purstan Jhniinek
Bond
Vmasfin-Mit
Nation-Bond
Peice
Income
Vanguerd
Tvest
Vangrd-Wellgin
Greston Livestock
United States
Lynn Smith
Mercantile Exchange
Mercantile
Ms. Smith
William G. Kagler
Bill Neikirk
Dederick
Tucker Hart Adams
P&l
Cpim Plus
Oignal Research vii
Radio Shack
Ea UK
Cricorp
Tandy Corporation
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