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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 23, 1984
Page
6
The market remains unsettled as losers edge ahead of gainers in NYSE listings while the government reports a 1.1 percent rise in durable goods orders last month. Stronger demand hints at continued manufacturing momentum despite uneven price action.
Chrysler Corp reports 1983 earnings of 700.9 million, a record for the company and contributing to a 6.15 billion industry profit. Fourth quarter earnings reach 118.3 million on 3.78 billion in sales, despite a 223 million loss from Peugeot stake and prior years’ collapse.
Goodyear Tire & Rubber Co will spend 250 million dollars to convert its Kelly-Springfield plant in Tyler Texas into a radial tire manufacturing facility. The expansion adds 220000 square feet with new equipment as demand shifts to radials, the company says.
GM Moraine City truck plant workers voted 926 to 516 in Local 801 to adopt a 60 day trial of a four day week with 10 hours per day Tuesday through Friday. Schedule starts March 12 while management and union review outcomes focus on truck quality ratings.
AP notes spot nonferrous metals in New York with copper at 72 cents per pound and aluminum at 81 cents. Lead ranges 24 to 28 cents, zinc 51 cents, tin not available at 63278, mercury between 284 and 295 dollars per 76 pound flask, platinum 388 to 392, silver 9.435 per troy ounce, and gold at 38940 dollars for Handy and Harmon daily quote.
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