New York Stocks Slide As Rates Edge Higher
Opening trading saw broad declines with the Dow Jones 30 down 4.97 to 1213.12 as yields rose. NYSE prices mostly weak amid fears the rally ran ahead of fundamentals, with bonds dropping over five dollars per thousand and names such as AT&T IBM HP and GM leading losses in early volume.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph
International Business Machines
Hewlett-Packard
General Motors
IBM
Lilco
Ms Macy
Mobil
Texaco
Agaa
Tesco
Ussteel
Aia Warnrl
Wenily
Wunion
Wiscep
Xerox
Zenith
Damon Biotech stock viewed as long term speculative buy
Babson’s Reports notes Damon Biotech DBIO OTC 6 percent with a 12 month range of 6 to 164. Patent rights for a cellular enhancer could boost protein production up to 100 times, suggesting potential products such as a clot dissolver activator, a cancer gamma interferon, and a blood clotting product for hemophiliacs.
MENTIONED IN THIS ARTICLE
Damon Biotech
DBIO
OTC
Babson’s Reports
Wellesley Hills
Mass
Damon
Caribbean tax breaks lure U S firms to Dominica aloe venture
U S businessmen including Bill Nelson of AgriNet Inc. move into Dominica after the Caribbean Basin Initiative favors 12 year duty free entry and tax holidays. Firms like Computer Products plan Antigua assembly with Fort Lauderdale final manufacturing, citing cheaper Caribbean labor and broader incentives.
MENTIONED IN THIS ARTICLE
Miami
Bill Neilson
Congress
Central America
Nelson
Caribbean
Dominica
Lake City
AgriNet Inc
U.S
United States
Wylie
Joseph Melloy
Fort Lauderdale
AgriNet
Robert Smith
Computer Products of
Antigua
Smith
Food wholesale prices inch up amid July inflation pause
Wholesale prices rose 0.3 percent in July as food costs offset gasoline drop the Labor Department reports. For seven months the annual inflation rate slowed to 2.9 percent, with food up 1.4 percent and gasoline down 3.1 percent. Ohio Edison paid over 24 million in 1983 property taxes to Lorain County.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Edward Yardeni
Prudential Bache Securities Inc
Ohio Edison
Lorain County
James Markie
U S crops rebound as farmers restore acreage
U S crop production rebounds with higher forecasts for corn and soybeans after drought and policy cuts. Corn yield eyed at 7.67 billion bushels, up 84 percent from last year. soybeans at 2.04 billion. Area planted to corn to reach about 71.1 million acres, the largest part of a century.
MENTIONED IN THIS ARTICLE
Washington
U.S
Agriculture Department
Department
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Dick Davis
Knight-Ridder Newspapers
Robert Prechier
Gainesville
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N.J
Main Street
Wall Street
Eastern Air Lines
EAL
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Timer Digest
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PERC
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Elyria
Cook United Inc
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C-T
Bernie Noble
Scott Wylie
Caribbean Basin Business Center
Jamaica
Commonwealth of Dominica
Addrast
Mid-Ohio
Metin Acweenen O Securities Ouakers Bee
UPC Loram
Alyria Aeeneet
Cleveland
Alon Thors
Eles
Stewart
Elyrio
Loroin
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Crocker-Bassett Goct
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Basvett-draarin
Schwartz Road
Westlake Hospital Health
Center Ridge
Wartz A