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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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