Markets edge higher as Carter set to address Congress
The Dow added 1.04 to 83.57 as traders awaited President Carter’s State of the Union address. Analysts noted the budget plan for the new fiscal year shows a $29 billion deficit and lean, austere tones. Xerox climbed to 59.4 after reporting Q4 earnings of $1.35 a share. foreign exchange traders welcomed the budget tone. Grain bids from Lorain County Farm Bureau Cooperative listed wheat at 3.47 per bushel, shelled corn 2.10, oats 1.40, soybeans 6.81.
MENTIONED IN THIS ARTICLE
New York
Carter
Congress
White House
Xerox
Grain Lorain County Farm Bureau Cooperative Association, Inc
Oais
Ohio egg and butter prices in Columbus area report
AP dispatch notes butter and eggs sold to retailers across Ohio cities. Cartons delivered to stores show varied prices with Ohio farms listing hens and ready to cook broilers and fryers priced by city. Cincinnati and Cleveland markets report differing price ranges for poultry and eggs.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Cincinnati
Cleveland
Optimistic Dayton tycoon Weathering housing slump
Jesse Philips, Dayton industrialist and yacht racer, rode from a Connecticut childhood through Oberlin and Harvard to build a $200 million annual sales empire. He faced the 1974 Arab oil shock, secured loans, retooled into home components, and grew profits to over $7 million in consecutive years. He now advocates factory built housing and fiberglass fixtures while planning to return to sea.
MENTIONED IN THIS ARTICLE
New York
UPI
Jesse Philips
Philips
Dayton
Philips Industries
United States
Middle East
Israel
Ahwar Sadat
Egypt
Value Line founder Bernhard Dow forecasts Dow 1500 to 2000 by 1982
Arnold Bernhard, founder of Value Line, at 77, predicts the Dow Jones average will reach 1500 to 2000 by 1982. He cites solid, quantitative factors from his 1,700-stock rating system and an earnings surprise factor, with academic interest from MIT's Dr Fischer Black noting Value Line as a rare exception to market efficiency theories.
MENTIONED IN THIS ARTICLE
Bernhard Dow
New York
Arnold Bernhard
University of California, Los Angeles
Bernhard
Arnold Bernhard & Co
Fischer Black
Massachusetts Institute of Technology
Black
Area business news in brief item roundup
Fulton & Goss, Inc, a Cleveland mortgage firm, hosts an open house Wednesday at 2 p.m. in Elyria at 512 Cleveland St. Southland Corp. announces a 7-Eleven grand opening at 33600 Center Ridge Rd North Ridgeville, its 29th in the area and 148th in Ohio, with early gifts and 24/7 hours.JA Lorain County holds its eighth annual trade fair at Midway Mall this Friday to Sunday with JA participants selling products. Elaine Powers Figure Salon opened at Great Northern Shopping Center North Olmsted with local officials present. GMAC marks 60th anniversary with Cleveland staff of 109 serving 100 dealers and $331 million receivables. A Redbook- Federation study reports women will find top job growth in business management health care and trades and MBA paths. Midland-Ross Corp reports 1978 record sales 578.7 million and net income 31 million up from 1977. Arthur Young notes mixed demand by industry with engineering and personnel exec roles rising while operations and some manufacturing demand fall.
MENTIONED IN THIS ARTICLE
Southland Corp
Dallas
Center Ridge Road
North Ridgeville
Greater
Cleveland
Ohio
Pete Barr
Junior Achievement of
Lorain County
Midway Mall
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IPI
Inco Ltd
Randa
IBM
Allis Chalice
AMANO
Henecott
Am Brands
Takea
Wn Motors Am
Pat
Mattel
Ob Lass
Anta
Bu Bu
Mc Louth
Hult Hnwell
Tote Motel & Wy
Rendte
Beth Steel Tan
Amonsamy
Bebe Brhx de Mororla
Loony
Nabisco
Bory Warner Natt Aviation
Gili
Nau Dutt
Chrysler
North & Westin
Ole Corpae
Wis
Waxton
Smith Co
Pigrre Mass Fee
Sgima
American Machine & Foundry
Amnarean Standard Tx
Cainf
Crane Co
CIP
Carp
CHE International Inc
Una
Dart Ind
Noun
Emerson Az Morgan
Excell
Patagonia
Cp Spe
Gu Fruchauf
Ie Union Planters
Cp Amer
TC Industries
A Koohiing Ie Allnne Rebheld
Lear Siegler
Cotr Caral Bk
Mailand Ress
Margrary St
Ah Morgan
Iquidatinng
Oak Indust'n Pty
Union Planters
Atine Electric
AmHonst &Drrck
Bal AG Ob
Belknap Inc
Cna IncShrs
Rs Circle
Carelwe
Kemper
Kanpe & Vogt
Matry St Inc
Paine Webber Fi
Phila Electric
Umon Cartide Cn
Ubea Beshrs
Wace Sanders &Co
Wallace Business
Mutuals
Amer -Wash Mutual
TAS Us
Fidelity-Puritan
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Bond Investors
Variety
MIT
National
Union Soc
Broad
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Wellington
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Richard Demby
Demby
Flynn Board of Raghers
Feld of Real Estate
Demby Real Estate
Meddie Ave
Elyria
U.S
Leroy Pope
Naval Academy At
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Juan Carlos
Spain
Prince Henrik
Denmark
Ted Turner
Courageous
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Area Business News
Fulton & Goss, Inc
Cleveland St
Elaine Powers
Great Northern Shopping Center
North Olmsted
Robert Swiczyniowski
Janet Salinger
Ron Motts
23Rd District
General Motors Acceptance Corp
Lorain
Mentor
Beachwood
Redbook Magazine
Federation of Business and Professional Women's Clubs
Midland-Ross Corp
Harry J. Boswell
Midland-Ross
Boswell
Midwest
Arthur Young & Co
Arthur Young
J.C. Insurance
Middle Ave
Gywia, OO
Cyan
Mid-Ohio Securities Dec
Brie Ua
Spitzer Park Plaza
Tom Simpson
Tom
SP Gays
Aig
By Donald V. Schultz
Harold Rorick Insurance Inc
Loven
Oberlin
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