Opening Stocks Mixed As 1984 Opens With Rate Jitters
The New York market opened mixed on January 2, 1984 as rates rose. The Dow fell 2.44 to 1256.20 in the first half hour while more NYSE issues advanced than declined. Long term bonds dropped up to $5 per $1,000. NYSE volume slipped to 71.84 million shares. composite index rose 15 to 95.18. AMEX index up 1.80 to 223.01.
MENTIONED IN THIS ARTICLE
New York
NYSE
American Stock Exchange
NEW York AP
IBM
Spcot
Alcoa
FohnJn
AmHes
KaisrAl
Fiat
aGty Auto Dat
Mobil
Cs Bard
BasRes
Ieihe Morgan
Ss BaxtTr
GS Nserm
CIGNA
Mi Payi
PhilPet
ColeNt
Colecos
RalsPur
Ava
Crwéel
Bt Me Schimb
Sears J
Shello
Bastar
Sterig
EsKod
Echlin
Texaco
IDA
Lieveland Elee
Nordson
CPC Inter Ine
Ohio Edison
Pierre R Suh
Emerson
Parker Hannifin
Excello
Smucker As
Pruchauf
Sybron
Alltel Allied Corporation
Texas Utilities
AMP Inc
Eh Industries
Toledo Edison
Lear Siegler
ArmerSine Building
American Standard
Midland-Ross
Walco National
Woolworth
Ui Chromalloy National Gypeum
Market outlook splits investors for 1984
Knight Ridder reports divided investor views on 1984 with some bulls hoping for a resurgent rally while pessimists led by Henry Kaufman warn of tighter monetary policy and higher interest rates. The debate centers on whether Dow gains will materialize as the year opens amid slow money supply growth and cooling economy.
MENTIONED IN THIS ARTICLE
Jones
Wall Street
Henry
Doom” Kaufman
Salomon Bros
Commerce report predicts 1984 industrial rebound broad but slower
The Commerce Department projects a nationwide 1984 revival across 87 percent of 194 industries, led by metals tools engines and fertilizers with electronics and computers well positioned. Overall inflation adjusted GNP is seen rising 4.5 percent from 1983 to 1984, a slower pace than 1983’s 6.1 percent, as some steel and auto sectors cut costs and lay off workers.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Bureau of Industrial Economics
Clarence Brown
Brown
Pentagon maps response plan after Bell breakup
Washington officials describe a two post setup by the Defense Communications Agency to keep the nation’s networks resilient in war or peace. Lt. Col. Jerome Landry says the aim is to operate beyond corporate boundaries as AT&T’s breakup proceeds. Defense officials insist the system remains secure despite the upheaval.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Jerome A. Landry
Defense Communications Agency
American Telephone & Telegraph
Department of Defense
At&t
American Telephone and Telegraph
Landry
Weirton Steel Employee Buyout Near Final Approval
Completion of bank loan arrangements is the last step before finalizing the Weirton Steel sale to its workers the nations largest employee stock buyout Union leader Walter Bish said final details and a closing ceremony will be arranged in the coming days Agreements had been reached last year between the United Steelworkers affiliated union and National Steel Corp and closing could occur six business days after settlement of lawsuits pending in federal courts in Richmond and potentially appealed to the Supreme Court by both sides
MENTIONED IN THIS ARTICLE
Associated Press
Weirton Steel
Walter Bish
Northern
West Virginia
Weirton
National Steel Corp
Bish
Amiga Seitay
Kevit Court of Appeals
Richmond
Guatg Fiekar Guaitengen
U.S. Supreme Court
Bar mill opponents push vote petitions in Cleveland
Opponents of a proposed Cleveland bar mill plan to force a vote by presenting about 20 000 signatures on petitions. The Save Cleveland Jobs Committee led by Frank Valenta says the city loan of 7 ½ million in federal funds may not guarantee union jobs or avoidance of foreign steel. Councilman Jay Westbrook notes Ohio Public Interest Campaign backing the drive and confirms the petition count.
MENTIONED IN THIS ARTICLE
Cleveland
Save
Jay Westbrook
Ohio
Westbrook
Also Mentioned on This Page
Knight-Ridder Newspapers
NEW For
Hide Moe
Eeee
Larry Frisch
Johnstown
United States Steel
U.S. Steel
Weirton Sale Near
Elyria
Radio Shack
Feld Computer
Boece
Agboc
TAN
ATE ParncPaTing Rade Jkmek
YALE
Chronicle-Telegram
Carl Snezek
Magnum Fire, Inc
Lake Ave
Elyria, O
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