Market falls again in early trading on rising prices
New York stock market declined as government data showed consumer prices rising 1 percent and the money supply increasing, fueling worries. Dow Jones industrial average slipped about 134 points early, with mixed moves across major names like Tel Corp up, Dow Chemical down, Boeing lower, and Chrysler edging down.
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New York
Labor Department
Parker
Tel Corp
Dow Chemical
Boeing
Georgia Pacific
Chrysler
Help for refugees planned in Ohio task force setup
Gov Rhodes plans to appoint representatives from state offices to work with a refugee resettlement task force. A contact person will be named from each department that can assist resettlement efforts.
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Columbus
Ohio
James A. Rhodes
Carnival trial of Moss postponed to September 11
The carnival kickback trial for Cleveland City Councilman Ceasar Moss, set to start in Franklin County Common Pleas Court, is delayed due to unavailable prosecutors and hotel lodging issues. Judge George Tyack will oversee the case in Columbus amid prior publicity. Council President George Forbes was acquitted on related charges.
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UPI
Cleveland City
Ceasar Moss
Franklin County Common Pleas Court
Cuyahoga County
Cleveland
George Forbes
Burger price war looms as fast food giants cut prices
United Press International reports a tentative price war as McDonald's trims regular burger prices by about five cents at company stores and franchised outlets, while Marriott's Roy Rogers cuts quarter-pound burgers 4 to 10 cents and boosts chicken portions. Industry players debate duration and impact, with others delaying any cuts amid fluctuating beef costs.
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McDonald's
Roy Rogers
Marriott Corp
Marriott
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McDonald’s
Lazzaro
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Gino's
King of Prussia
Auto sales up as incentives help Big Three recover
An August surge in U S auto sales lifted GM Ford and Chrysler with a 17.6 percent rise to 242 065 cars in the period led by GM at 155 432 and Ford 63 603 while Chrysler fell 18.6 percent from last year. Officials credit dealer incentives and easing gas fears for the rebound helping 76 000 laid off workers and reducing factory stock from 80 000 to about 50 000 units.
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API
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Chrysler
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Ford
Gar Laux
Laux
Consumer information from federal guides and grain prices
The Consumer Information Center releases two booklets on credit shopping and stain removal while USDA highlights stain tips. Grain prices from Ohio markets show wheat and soybeans edging and dropping, with Braniff adding no new Cleveland Chicago flights and continuing Houston service, affecting Hopkins schedules.
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Reliance Earnings Hit 92 Cents Per Share in Q3 1979
Reliance Electric reports third quarter 1979 earnings of 92 cents per share on 16.33 million dollars, with sales at 384.9 million and orders totaling 428 million. Nine month results reach 62.3 million dollars, or 3.70 a share, despite a 31-cent per share charge for a one time inventory write up at Federal Pacific Electric. Exxon offers 72 dollars per share to buy Reliance for 1.17 billion, but FTC opposes the bid citing reduced competition in electric drive tech.
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UPI
Reliance Electric Co
Exxon Corp
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Federal Trade Commission
Ohio farm prices show steady wholesale egg and butter markets
A USDA price report from New York notes stable wholesale offerings for eggs and butter in Ohio markets. The summary lists varied carton sizes and farm prices with little change, marking mid range levels and unchanged overall pricing across several dairy and poultry items.
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HI Matsyap
Ohio
HICMO
AP Uusda
New York
USDA
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