Opening stocks rise as consumer report boosts prices
The market opened higher in New York as government reports show rising consumer spending and a housing rebound. The Dow gained 1.93 points to 1,246.54 in the first 30 minutes, with mixed early action on the NYSE where more stocks rose than fell but many unchanged. Consumer spending rose 1.1 percent in November while housing starts climbed 6.4 percent, even as investors weigh higher interest rates and Fed policy. Prices for listed active stocks were uneven with notable movers including American Telephone down and Xerox down while Chrysler rose.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Commerce Department
NYSE
American Telephone & Telegraph
Federal National Mortgage Association
Southern
Xerox
Chrysler
Dow Jones
Federal Reserve Board
Washington
Treasury Department
Sharp Trucker 4A Co
Sybron
Texas Utilities Taxiounty Gtn
Toledo
Edison
Walco National
Wantworth
Dividends New York Metals Prices Report
AP reports yesterday s nonferrous metal prices with copper at 70 cents per pound lead 24 to 27 cents a pound zinc 49 cents delivered per pound tin 62696 aluminum 1 cent per pound, NY gold 34000, silver 4620 per troy ounce, mercury 320 to 340 per 76 lb flask, platinum 40400 per troy ounce.
MENTIONED IN THIS ARTICLE
New York
Handy & Harmon
Creston Auction Reports Broad Livestock Sale Totals
Creston auction counted 353 consignors selling 1 070 head plus 10 goats and two ponies. Calves and hogs dominated the sale with varied prices across categories including cattle, sheep, and miscellaneous stock.
MENTIONED IN THIS ARTICLE
Creston
Nordson earnings rise for fiscal 1983 despite Q4 drop
Nordson Corp reports fiscal 1983 earnings of 10.3 million on nearly 126 million in sales, up from 1982. Q4 profit fell to about 1.8 million from 2.7 million a year earlier, with earnings per share at 1.28 aided by a three-for-two split. Cooking United warns of holiday Q4 upside as Baldwin United contemplates asset sales and Baldwin Piano sale. American Greetings posts record earnings for Q3 and nine months ending Nov 30, up 35 and 33 percent respectively.
MENTIONED IN THIS ARTICLE
Pe Stkot
Rute Herald
Harisan Pancpweza
Delchester
Diamond Bath
Delcorp
Gracie Ny
Harper
Srnup
Lis Vis
Tramamineo M
runtakerCp
Tieglerva
Nordson Corp
Baldwin United Corp
Baldwin Piano and Organ Co
Baldwin-United
RS. Harrison
Baldwin Piano and Organ
Peter Martosella
Baldwin- United
American Greetings Corp
American Greetings
Theodore Cracker
Conservative Heritage Foundation
Congress
Reagan
Lee
Greyhound workers approve concession pact ending seven week strike
Greyhound strikers vote 7 404 to 2 596 to approve a three year pact with 7.8 percent wage cuts and a 4 percent pension contribution. Full service to resume by Wednesday and Trailways pledges to match discounts as unions express mixed relief and disappointment.
MENTIONED IN THIS ARTICLE
Phoenix
Ariz
Greyhound
Trailways
Harry Rosenblum
Council of
Greyhound Local Unions
Amalgamated Transit Union
Rosenblum
Washington
ATU
FTC stalls GM Toyota joint venture over antitrust safeguards
The Federal Trade Commission backs away from a decision on GM and Toyota joint carmaking, seeking a court enforceable written guarantee against antitrust violations. A planned FTC meeting was canceled as negotiations continue on a consent agreement. Production would be 200,000 Toyota designed cars yearly for 12 years at GM's Fremont plant, to be sold via Chevrolet.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
General Motors
Toyota
FTC
Neal Friedman
Fremont
Calif
Chevrolet
Earl Kintner
Kintner
Commission
R.T. Kingman
Michael Pertschuk
Pertschuk
Design now pay later arms build up impact in 1985
The article examines Reagan era defense spending, noting short term economic benefits like higher demand and employment, while warning that inflation, deficits, and productivity impacts may surface after 1984. Economists foresee capacity bottlenecks rising in coming years even as defense sales boost certain sectors.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Ronald Reagan
Soviet Union
Douglas Lee
Defense Economic Services
Data Resources Inc
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Consumer Report
Associated Press
Columbus
Ohio
Cleveland
Chicago
Midwest
Lism
Pierre R Smith Co
Rome Cleve
Allied Corporation
Byary
Allieh Amf Inc
AmerSinp Building Lass
American Standard
Cleveland Klee Fl
CPC Inter Inc
Emerson Kite Excello Afd
Frochauf
Goodrich
Blow
TC Industries
Lear Siegur Sila Midland Bass
National Crypsum
Nordson Ohi Edison
Parker Hanmfin
Loram County Farm Bureau Cooperative Association
Mutuals
Amer-Wash
Dreyfus
Fidelity-Puritan
Jhatinck-Bond
Massfin-Mit
Vanguard Ivest
Vangrd Wellgin
Creston Livestock
Cook United Inc
Bill
Russell A. Hansen
Greyhound Workers
OK Pact
Rick Ash
Local 1205
ATA
Boston
C.S. Robinson
Los Angeles
California
Robinson
Earl Nelson
Boise
Idaho
John W. Teets
Greyhound Corp
Roger Rydell
Dallas
Ohio Highway Patrol
FCC
The
Christian Science Monitor
Gordon Adams
Defense Budget Project
Center On
Administration
Adams
Wolfgang Demisch
First Boston Corporation
Phillip Brannon
Merrill Lynch
Gene R. LaRocque
Center For Defense Information
Federal Defense
General Electric
Richard Greenwood
International Association of Machinists and Aerospace Workers
Stanley A. Weiss
National Security
Heritage Foundation
Gordon
Defense Department
America
Forthofer
Lorain
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