Reagan era tax cuts fail to spark business spending drop
Commerce Department reports a 0.8 percent decline in business spending on plant and equipment over the last three months, the first such drop after retroactive tax incentives. Deputy Commerce Secretary Wright says capital spending may rebound in 1982 but could be tempered by recession.
MENTIONED IN THIS ARTICLE
Commerce Department
Commerce
Joseph Wright Jr
Wright
Reagan
House Democrats
Federal Reserve Board
Market drifts lower on light trading as yearend tax losses weigh
New York markets opened modestly lower with the Dow off from 891.07 around 11 a.m. as declines outpaced advances. NYSE turnover ran about 10.83 million shares versus 12.7 million the prior day while analysts cited tax loss selling and portfolio adjustments as the week’s prevailing trend toward year end. No single leadership emerged as the market neared the year’s end and profit taking at the Dow 890 level continued to dampen prices.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
NYSE
Ohio egg prices steady across major cites report
AP dispatch from Columbus notes egg sales to retailers in major Ohio cities show wholesale prices largely unchanged. Class 1 large eggs quoted 57 cents, Class 2 large 36, nest run breaking stock 50, mediums 52 and smalls 45. Chicago wholesale report also shows stable prices with checks at 6.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Chicago
Midwest
Metal prices New York spot nonferrous metals update
AP reports yesterday spot copper at 11 percent 83 cents a pound domestic destinations copper and zinc quoted per pound while lead and aluminum show 31 and 76 to 80 cents. Gold trades around 40550 per troy ounce and silver 8400 per troy ounce as Handy Harman daily quotes list mercury at 420 per flask and platinum at 396 per troy ounce in New York.
MENTIONED IN THIS ARTICLE
New York
Handy & Harman
Grain prices in Ohio elevators after market close
UPI reports average cash grain prices per bushel paid to farmers by Ohio market area elevators. Northeast Ohio No 2 wheat 3.74, No 2 shelled corn 2.26, No 2 oats 2.03, No 1 soybeans 6.00. Northwest No 2 wheat 3.75, No 2 shelled corn 2.24, No 2 oats 2.10, No 1 soybeans 6.02. Central Ohio No 2 wheat 3.71, No 2 shelled corn 2.30, No 2 oats 2.23, No 1 soybeans 5.94. Markets show lower wheat and corn, oats unchanged, soybeans down. Loran County Farm Bureau Cooperative Association local bids shown. Wheat 5.165 bushel and shelled corn bids noted.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast Ohio
Northwest
Central Ohio
Loran County Farm Bureau Cooperative Association, Inc
Pera
Wheatles
Saar Ae
Court blocks USS bid for Marathon as injunction upheld
A federal appeals court reinstated an injunction blocking U S Steel from purchasing Marathon Oil stock while Mobil’s challenge awaits emergency review. The ruling keeps USS able to solicit shares and publish offer info but not buy Marathon stock until the appeal is decided.
MENTIONED IN THIS ARTICLE
Cincinnati
U.S. Steel Corp
Marathon Oil Co
6Th
U.S. Circuit Court of Appeals
Mobil Corp
U.S. Steel
MOBIL
Marathon
Findlay
U.S District Court
Joseph P. Kinneary
Columbus
New York
US. Steel
U.S
C T names Amy Richards Pruitt CT business writer
C T names Amy Richards Pruitt as the Chronicle Telegram business writer this week. A 1971 Ohio State journalism graduate, she has held roles at Kent Ravenna Record Courier, Crain's Cleveland Business and other outlets, later editing for Dalton Newport and handling PR for Gould Associates. She succeeds Kathy Byland who moved to the Cleveland Press.
MENTIONED IN THIS ARTICLE
Amy Richards Pruitt
Lakewood
Chronicle-Telegram
Ohio State University
Kent-Ravenna Record Courier
Kent State University
Boards of Education
Summit
Portage
Crain
Cleveland Business
Cleveland Press Community Weekly
Akron Beacon-Journal
Western Reserve Magazine
The
Aurora Advocate
Dalton Dalton Newport
Shaker Heights
Ms. Pruitt
Gould Associates, Inc
Cleveland
Kathy Byland
Cleveland Press
State Farm to open Lorain drive-in claims center
State Farm will launch a drive-in claims center at Amherst Plaza intersection of Liberty Bell and Kresge drives in March serving about 200 cars monthly. The 8500 square foot, 425000 center will start with 15 staff and plans to grow, with repairs coordinated through preferred garages and estimates mailed to drivers. The Ohio network includes 20 drive-in centers, five in the Cleveland area.
MENTIONED IN THIS ARTICLE
Amherst
State Farm Mutual Auto Insurance Co
Lorain County
Ambherst Plaza
Liberty Bell
Kresge
Howard Garrett
State Farm
Howard
Ohio
Center Ridge Road
Westlake
Cleveland
North Ridge Road
Westlake Center
Executives promoted at Republic Steel and Abex Co
PAULA WEARSCH joins Stouffers Inn as front desk clerk in Cleveland. REPUBLIC STEEL announces promotions: THOMAS L. MORGAN to chairman of the systems transfer team at the Cleveland District plant. PAUL N. McKELVEY named assistant manager of the general order department. RICHARD B. COOPER named western regional works manager for Abex Corp. cast products U.S. J.S. WEBB to retire as TRW vice chairman and director. will stay on as consultant and lead TRW Fujitsu Co. in the U.S.
MENTIONED IN THIS ARTICLE
Paula Wearsch
Elyria
Stouffers Inn of
Cleveland
Republic Steel Corp
Thomas L. Morgan
North Olmsted
Republic
Cleveland District
Paul N. McKelvey
Bay Village
General Order Department
Morgan
McKelvey
U.S. Navy
Navy Finance Center
Richard B. Cooper
Western
Abex Corp
S Cast Products
U.S
J.S. Webb
TRW
TRW Fujitsu Co
Fujitsu
Kidron Livestock Auction Sets One Day Record
Kidron Thursday saw over 3000 head consigned at the Kidron Livestock Auction, a new one day record in 58 years. Hog prices topped at 42.50, beef cows at 39, with the beef market easing this week. Holiday schedule notes no sale on December 24 and a sale on December 26.
MENTIONED IN THIS ARTICLE
Kidron
Also Mentioned on This Page
United Press International
White House
David Gergen
Departments of Labor and Energy
Dupat
Rockwil
EsKodak
ExxonCp
AmCan
FordMt
StOuCh
Acyan
Am Motors
Texaco
Amt&t
Armco
GnMot
Timken
Bellow
Ie Great
A&p Lis
John
Ba Chrysler Cp
CocaCol Tis Gulfoul
Whipoak
Merox
Kellogg
Kroger
Pierre R Smith & MoTauth
Mach’ Pi MobilCorp
Monsan
VancorpRty
Nabisco
Bendix
Amerace
Andrea Radio AmlaiGrpis
Owenlllan
Nan Rig
Pan Am Air Cpc Inter Inc
BayStarellan
PepsiCo
BrockHotels
Mutuals Hluy Aesas Mat
Puntan
Janiety
Hancock Bond
Mass Fin Mit National
Vanguard Ivest
Vanguard Well
West.com
Hyria
Oberlin RD
Uss’s Bay of Marathon
Victory
C-T
Amy Pruitt
Anderson
Ind
St. Louis
Denver
Cooper
Kidron Livestock Report
Bela
Orewa
WEA
Mike Ferrier
Monthru
Schol & Jaton Finders Sal
Stewart
Christas
Stewart’s
Cleveland St
Elyria Byrie
Loren
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