Market declines continue as Dow slips in early trading
New York stock market fell broadly amid a Monday style correction as the Dow Jones industrial average dips 245 points to 866.47 in the first half hour. Analysts note end of quarter fund buying, higher rates, and a weaker NYSE breadth with major names like AT&T, Texaco and Xerox showing declines.
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Graffiti Tye Tor to Open in Newsy Sound Stage
A quirky piece notes Rock Bottom theater group preparing a graffiti themed show titled Tye Tor in the new sound stage. Local artists, producers, and venue managers are listed as involved, with early plans calling for a summer opening and cross promotion with the city arts council.
Grain prices at Lorain County Farm Bureau market
Local grain prices at yesterday's market closing show Wheat at 3.79 dollars per bushel Shelled corn 2.63 dollars per bushel Oats 1.68 dollars per bushel Soybeans 6.27 dollars per bushel The Lorain County Farm Bureau Cooperative Association Inc reported the figures.
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Lorain County Farm Bureau Cooperative Association, Inc
Grains Prices Across Ohio After Markets Close
UPI reports average cash grain prices paid to farmers in Ohio after markets closed Monday show variations across regions. Northeast prices include No 2 wheat at 174 and No 2 corn at 244. Central Ohio lists No 2 wheat at 532 and No 2 soybeans at 379. Eastern and other areas show mixed figures for oats, soybeans, and corn with several entries unclear or unchanged.
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Layoffs, car prices, and oil boost hit economy
Layoffs reach 3 percent as inflation pushes car sticker prices up about 135 dollars. Gasoline may rise one cent per gallon later this year due to OPEC price hikes. Consumer confidence improves in June, while leading indicators show a still-living recession. GM raises 1980 car prices. OPEC members lift oil prices. Carter launches a 25 billion synthetic fuels program. Los Angeles ends year with a 52.9 million budget surplus.
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Edge overrated Finley Forest vs. trees
Chicago Tribune opinion by Harold Finley argues small investors should seek objective value, ignore Wall Street hysteria, and study long term corporate management and strategies rather than chasing quick news or inside tips. It cautions against short term trading and highlights the value of patient analysis for profits.
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Deregulation Victory Backed by Carter in Trucking Bill
President Carter signs a deregulation bill to reduce federal limits on interstate trucking, aiming to save up to 8 billion annually in transport costs. The measure, expected to spur entry and rate flexibility, affects about 17,000 firms and changes rules on routes and joint rates while delaying antitrust waivers until 1984. Senator Kennedy attends the ceremony.
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