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Prices open lower as profit taking hits market
Brokers said trading started soft amid profit taking after gains and concerns of tightened credit from the Fed pushing rates higher. Manufacturer's Hanover leader John McGillicuddy boosted sentiment by predicting the prime rate at 11 percent would soon peak, while local grain bids showed corn at 2.06, soybeans at 6.47, wheat 3.35 per bushel.
MENTIONED IN THIS ARTICLE
Federal Reserve
Hanover
John McGillicuddy
Pierre R Smuth
County Grain
Lorain County Farm Bureau Cooperative Association, Inc
New York
UPI
New York Stock Exchange
Dow
Acme Cleve
NYSE
Amanran Stamford
Cororaalloy
Pwr
Orp
Alba Chalmers
CPC International Inc
Alcoa
Emerson Ty
Excello
Robbie Bris Am Seark
Gdyca
Boeing T
Thwicker
Borg Warner
Wis Southern Co
Cin Pac
Sphinney
Chessie
Chrysler
Taney
Cin Gans
Union Pacific Corp
Sty
Cin Ma
Woolworth If
Coca Cola
Colgate
Coflirabra Gas
He Cm Edison
East Kodak
Sastern Air Eaton
Buckeye Fuis&l
Firestone
Ford Motor
Gen Dynamics
Nord Resources
Gen Food
Gen Motors
BneGrp Obra
Greyhound
Fuqua Industi
Tawa Pub
Ameren Fimly Cp
Monsanto
Amon Cp
Nobisco
Diebold Ine
Natl Aviation
Frdreks of
Hugwit
Natl
Indiana Gas
Nat Dusit
Lamer Buss
Ith
Norte & Western
Linen
Bks
Namor Carew
Oha Corp
Owen
Murphy G.C School Inc
Pepsi
Southern Co
Secar
Ind
Procter & Gas
Mutuals Rga Corif Tao
Amer -Wash
Mutual
Rey Ind
Bats Dreyfus
Rockwell
Reyn Metal
Tat Fidelity-Puntan Wd
Rohr
Investors
Variety
Raper Cp
John Hancock-Bond
Huhbarmad
MIT
Sears
Stucker
Broad
Vanguard-lest
Vanguard-Wellington Tannea
Texaco
Trans WC
Uniroyl Inc
U5 Steel
MY Western Union
Whig-Pitt Steel Pos
Woolworth
Zenah