Market rally extends on Wall Street in early 1981 surge
The Dow Jones industrial average neared 1000 as gains outpaced losses two to one in early trading. Morgan Guaranty Trust and Marine Midland Bank cut prime lending rates to 20 percent, while the Fed’s money supply figures hinted at looser credit. The Dow rose 4.95 to 997.61 in the first half hour, and volume reached 58.71 million shares. The NYSE composite up .82 and the ASE index climbed 1.67.
MENTIONED IN THIS ARTICLE
NEW York
Ae New York Stock Exchange
Morgan Guaranty Trust
Marine Midland Bank of New York
Federal Reserve
Fed
NYSE
American Stock Exchange
London
UPI
United States
Tokyo
Frankfurt
Paris
Zurich
Milan
Morgan Guaranty Trust Co
Prescription error in Syed suit filed in common pleas court
A lawsuit alleges a medical prescription error by Mukhtar A. Syed of West Side Pharmacy after Deborah J. Parks received elavil instead of the prescribed flaggi for Jan 2 1980. The error came to light Jan 28 when Parks reported lack of improvement and drowsiness to her doctor. The record also cites Ohio grain price updates from Columbus.
MENTIONED IN THIS ARTICLE
Common Pleas Court
Deborah J. Parks
Water St
Mukhtar A. Syed
West Side
Lake Ave
V. Thomas Mannarelli
Parks
Construction rate declines in 11 months across regions
Dodge data show Lorain County construction activity fell 36 percent and the Cleveland metropolitan area down 15 percent from January to November 1980. Nonresidential work fluctuated with notable gains in Lorain in November, while residential contracts rose in the county. Across the Cleveland area, overall construction activity dropped 15 percent for the period, despite a November uptick in nonresidential projects.
MENTIONED IN THIS ARTICLE
Kathy Byland
C-T
Lorain County
Cleveland
F. W. Dodge
McGraw-Hill Informations System Co
Dodge
Cleveland Standard
Cuyahoga
Geauga
Medina
Lake Counties
Five refiners hike wholesale gas prices up to three cents
United Press International reports five U S refiners including Exxon USA raised wholesale gasoline prices by 1 to 3 cents per gallon. Analysts foresee pump prices reaching about 1 50 by year end as crude and OPEC factors push costs upward.
MENTIONED IN THIS ARTICLE
Exxon USA
U.S
OPEC
Dan Lundberg
Lundberg Letter
Los Angeles
U.S. Department of Energy
Cities Service Co
Koch Refinery
Wichita
Kan
EXXON
Rockies
Sunoco
Midwest
Southwest
Getty Oil
Rocky Mountain
Atlantic Richfield
Diamond Shamrock
Mobil
Amoco
Conoco
Ashland
Crown Petroleum
Gulf
Marathon
Phillips Petroleum
Shell
Sohio
Skelly
Texaco
Chrysler Seeks Cost Sacrifices to Win Federal Aid
Chrysler's survival plan hinges on sacrifices from workers bankers and suppliers to secure a $400 million federal loan guarantee. The loan board met in Washington to review cost cutting including a $570 million debt conversion and a 21 month UAW wage freeze. If approved a 15 day oversight period would follow while Congress weighs the step. In related figures, 1980 common pleas court filings rose 17 percent to 8122 cases from 6957 in 1979, with no staff increase.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Chrysler Corp
Chrysler Loan Guarantee Board
Loan Guarantee Board
Congress
Washington
Chrysler
United Auto Workers Union
UAW
Common Pleas Court
Clerk of Courts
Natalie B. Neeson
Elyria Couple Bound and Robbed at Home
An Elyria couple was bound and robbed of more than 500 dollars at their residence Monday night. Lawrence Burkholder, 28, and his wife, 23, reported two men knocked, bound them with cloth, masked them, and fled on foot after taking Mrs Burkholder’s purse containing cash keys and identification.
MENTIONED IN THIS ARTICLE
Elyria
Lawrence Burkholder
Tedman Court
Presidential Inaugural Medal Offered In Gold by Mint
The Historic Providence Mint offers a first ever 10 kt gold Presidential Inaugural Medal to commemorate Reagan’s January 20 1981 oath. Limited to first come first served reservations with prices from 20 to 34.50 plus a 14 kt gold edition with parchment and serial First Day Cover. Reserve now for lowest numbers and authentic guaranteed content.
MENTIONED IN THIS ARTICLE
Ronald Reagan
United States
Providence
Reagan
Providence Mint
Also Mentioned on This Page
Ilam Ah Pace H Seiness
Fruebauf ‘Aces Ge. & Foundry
LC Industries Ex Bh HK
Tel
Cher
Nations Gypsum
CPC International, Inc
Ohio Egon
Syed
Columbus
Ohio
Central Olio
Searle
G.D
Coachms Southern Co
Edo Edison Union Corp In
Woolworth
Grain
Raent
Val Sjojnjo
United Press Internationa
Treasury
G. William Miller
Mid-Ohio Securities Corp
the Chronicle -Telegram Ration Dept
Chronicle-Telegram
Elywa
Cleve
Business News
Robert Penick
The
Washington D.C
United States Postal Service
Hantwon Street
R.A
Offici
Ronsid
Reagan Lampard
Ploecherge
Sugnerore
Senda
Gary
Mit
Fister
Yoremon
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