Opening Stocks Edge Higher On NYSE Amid Recession Worries
Stocks opened higher on the New York Stock Exchange with the Dow up 2.57 to 782.91 after a 27 month low. Advancers outpaced decliners 486 to 217 as 1 078 issues crossed the tape and early turnover reached about 2 650 000 shares. Investors weigh a weaker economy, rising deficits, and potential tax increases while Fed funds injections spark speculation on rates.
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New York
UPI
New York Stock Exchange
DJIA
Lorain County Farm Bureau reports grain prices at market close
Lorain County Farm Bureau Cooperative notes yesterday's market close with Wheat at 301 per bushel Shelled Corn 2.17 per bushel Oats 180 per bushel Soybeans 555 per bushel. Local grain market update lists latest prices and commodities traded.
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Lorain County Farm Bureau Cooperative Nation
Grains Prices Logged Across Ohio Markets
UPI reports cash grain prices paid by elevators in Ohio after markets closed Monday through today. Northeast Ohio: No 2 wheat 301, No 2 shelled corn 221, No 2 oats 150, No 1 soybeans 562. Northwest Ohio: No 2 wheat 306, No 2 shelled corn 220, No 2 oats 142, No 2 soybeans 587. Central Ohio: No 2 wheat 204, No 2 shelled corn 227, No 2 oats 180, No 1 soybeans 564. Trend: wheat up 2 percent, corn down, oats unchanged, soybeans sharply lower.
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Columbus
UPI
Ohio
Northeast
Northwest
Ohi
Central
Gio
Panama Canal Opens As 1914 Arrives In History
AP reports butter and eggs price listings in Columbus and Chicago markets show varied wholesale egg prices. Egg classes range from large to small with checks and breaking stock noted. Poultry prices at Ohio farms remain sparse in reports.
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Columbus
Ohio
Creston Livestock Auction Sees 382 Consigners Sell 1214 Head
Creston livestock auction listed 382 consigners selling 1214 head on Monday. Prices ranged across calves, cattle, hogs, sheep, goats, and horses with bids including calves to 66 dollars and cattle steers to 63 dollars, and hogs up to 63 dollars per hundredweight.
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Creston
Nonferrous metal market update and trade notes
New York reports a summary of metal trading as nonferrous prices show minor shifts. Copper and aluminum values edge lower while zinc and lead hold, with buyers cautious on supply and demand signals amid market volatility.
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New York
Pier Dail Ee Larman
Key Ounce
Ras Men & Hacman Cory Tes Daily
Fone Puarinm Uedes
Sohio to pay 15 million in overpricing settlement
The Energy Department says Standard Oil Co. Ohio will pay 15 million, including 4.4 million to Ohio, to resolve allegations of overpricing crude and refined products over 72 years. Sohio does not admit violations but agrees to the consent order to avoid protracted litigation.
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Washington
Energy Department
Standard Oil Co
Ohio
Sohio
District of Columbia
P&G posts record year earnings and 11.9 billion sales
Procter and Gamble reports record net earnings of 777 million for the year ending June 30, a 16 percent rise from 668 million. Earnings per share reach 9.39 on sales of 11.9 billion, with a 5 percent yearly increase and dividends of 4.10 per share. In the April quarter earnings were 165 million and sales 2.9 billion as the company notes progress amid recession. Chairman Owen Butler and President John Smale say they are reasonably pleased with the year’s progress.
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Cincinnati
UPI
Procter & Gamble Co
P&g
P& 3
Owen Butler
John Smale
Schottenstein plans sale of one Halle's store
In Cleveland Jerome Schottenstein, Chicago buyer of the Halle's chain, says he plans to sell one of the six remaining Halle's stores in Ohio. He had planned to close all stores but, after pressure from Halle's executives, will keep six open. He would not identify the store to be sold.
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Cleveland
UPI
Columbus
Jerome Schottenstein
Halle’s
Fairview Park
Akron
Schottenstein
Marshall Field
The
Cleveland Plain Dealer Today
Canadians eye Lake Erie gas drilling delay due to surplus
Canadian firms hesitate to lead US Lake Erie gas exploration amid a short term surplus. Ontario geologist Rae Horst expects activity soon or exploration permissions being sought. In Ohio, a $20 million state package aims to keep the International Harvester truck plant and 2,200 jobs in Springfield with a $10 million loan and $10 million loan guarantees. Controlling Board approval is key amid Indiana incentives to move operations to Fort Wayne.
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Toledo
United States
Lake Erie
Rae Horst
Ontario
Petroleum Resources Laboratory
London
Columbus
UPI
International Harvester
Springfield
Ohio Development Advisory Committee
Indiana
Fort Wayne
Cincinnati Bell to Offer Measured Billing Plan
Cincinnati Bell will begin offering a measured service billing option on Sept. 20 alongside the existing flat rate. The plan adds a basic monthly charge plus charges based on number, distance, and duration of local calls, with discounts after 9 p.m., weekends, and holidays. Two basic rates exist: 10.50 dollars with a 3 dollar usage allowance and a low use rate of 8 dollars with no allowance.
MENTIONED IN THIS ARTICLE
Cincinnati
UPI
Cincinnati Bell
Direct Deposit Ad Warns of Social Security Payments
A dated advisory urges readers to request direct deposit for Social Security or other government payments to their bank accounts. It claims direct deposit reduces nuisance from others and improves financial freedom while stressing the service is free and widely available through checking or savings accounts.
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Stevens
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