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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Aug 27, 1984

Page

13

Opening stocks dip as rate hopes fade in New York

The Dow fell 10.16 to 1226.37 in the first half hour as losses outpaced gains on the NYSE. Analysts blamed a strong economy and a Federal Reserve report signaling reluctance to loosen credit, amid higher bond and money market rates. IBM, American Express, and Sears showed declines among blue chips. The Dow earlier closed higher on Friday, and volume eased to 69.64 million shares while the NYSE composite rose to 96.24.

New York Federal Reserve Fed International Business American Express Sears Roebuck Dow Jones NYSE American Stock Exchange Royll Lew Traghene Ty Alcoa Sears Ay Soumrk Ty Ami Ok Sperry Pierce R. Smith Citylaw Wleco ColgPal Alltel Aled Corporation ColtInd Comdre Sy AM F, Inc Cleveland Emerson duPont Industrie DugSt Lear Negler aChe Eskod Lorain Bancorp Exxon Rass Uy Nordson Fint Pa Oho Editson Firestn Ie Matn Parker Hanmfin Une Fordm St Stucker GAP Sybron Toledo Edison Ty Woolworth F.aw IBM Kmart Macy PepsiCo Pfizer Myas

Debts threaten rich nations too worldwide debt explosion

IMF official Jacques de Larosiere warned a global debt explosion threatens both rich and poor nations. He urged faster revenue growth via tax hikes or spending cuts to curb rising debt, noting U.S. debt rose from about 28 to 36 percent of GDP by 1983 and that Britain and West Germany fared less poorly than Canada or France. He urged reassessment of entitlements and warned against inflationary cures and untouchable expenditures.

Washington United States Jacques de Larosiere International Monetary Fund de Larosiere Larosiere France Germany Latin America

Ralston Leads Pack In Packaged Foods For Long Term

The International Harry Schultz Letter calls Ralston a strong long term buy due to expected earnings growth from cheap raw materials a leadership in pet foods a solid balance sheet and abundant cash plus ongoing stock buybacks and potential takeovers. LymphoMed is praised for rapid earnings growth and vital hospital micronutrient supplies with strong cost containment impact. MacGregor Sporting Goods is viewed as a value play with growing earnings from new tennis ball line and licensed shoe expansion ahead of a breakout target.

Ralston RAL Nyse Harry Schultz Lausanne Switzerland MacGregor Sporting Goods MACG Pacifica Calif K-Mart

Also Mentioned on This Page

Mid-Ohio Nena Fenkn J Avestation of Oot Inc SIPC Elyria Spitzer Park Plaza Broad $F O. Cleveland Mill Hollow Bacon Woods Park Lorain County Metropolitan Park District U.S IMF International Institute of Public Finance Innsbruck Austria Japan Italy Britain West Germany Canada Dick Davis Knight-Ridder Newspapers LymphoMed Hammond Ind Alltel Ailltel Elyria Telephone Company Alltel Corporation Mid-Continent Telephone Corporation Allied Telephone Company
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