Merrill Lynch bullish on economy foresees lower rates
Merrill Lynch economists foresee the prime rate easing from about 20 percent to 15 percent by year end and to around 12 percent by 1982 end. They describe 1981 as a transition year with inflation cooling, tax cuts boosting growth, and a shift to defensive but selective stock picks in utilities, drugs, and water resources.
MENTIONED IN THIS ARTICLE
Robert Penice
Merrill Lynch
Fierce
Fenner & Smith
Dwight L. Short
Rocky River
Reagan
Midwest Egg Price Report From Chicago Describes Wholesale Prices
AP reports wholesale egg prices yesterday were unchanged with classes listed: Class 1 large 31, Class 2 large 54, mediums 43, smalls 28, with runs at 45 and checks 40. Prices reflect Ohio farm deliveries and wholesale markets in major Midwest cities.
MENTIONED IN THIS ARTICLE
Coulmels
Oboe Cities
Ohio Farms
Crewe Land
Cincinnatio of
Chicago
Midwest
GM reports best quarter in two years
GM posted a 515 million quarterly profit in Q2, its best in two years, as the automaker outpaced rivals in a weak US market. Sales reached 18 billion for the quarter with 21 million vehicles sold worldwide, and six-month profits totaled 705 million versus a year-ago loss.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
Gms
Ford Motor Co
Chevsler Corp
FORD
Chrysler
American Motors Corp
Grain Market Report from Lorain County Farm Bureau
Lorain County Farm Bureau Cooperative Association reports yesterday's grain market closing with prices for wheat soybeans and corn. Prices appear uneven across grades including No 2 wheat and No 2 shelled corn with oats and soybeans showing declines amid mixed demand and local trading activity.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Ohio
Metal prices slip in New York markets
AP report from New York shows metal prices on yesterday's board with copper at 83.4 to 85 cents per pound, lead 42 cents, zinc 46.4 cents, tin 73.96 cents, aluminum 76.80 cents, gold and silver quoted by Handy & Harman, mercury 44.20 per pound and platinum 410 per troy ounce.
MENTIONED IN THIS ARTICLE
New York
Uy Gulf
Usstet
Baty Am Motors
Aga Aftara
Lukens
Mgmgr
CdnPac
L. Ferre
Monsan
Acme Cleve Hay Chrysler Cp
CnGas
Excello
Fruchauf
Tod
Owentit
Goodrich
CurtisWr
Ty Pan Am
LT Industries
Daxton Hd
BMG
de Penne
Lear Siegler
Eastern Avrate
Eparo
Midland Ross
Eshodak
PhilaElec
Ty Eaton
Werth PriiPer
Ohio Edison
Evans P
Tosata Exxon Cory
Ind
Searle
Ford
Woolworth FW
Vsta
Sears
Wea
Texaco
Bremerencs
Bijue Bey
Uae
Mayers
St St Aar
Toor Lama
Amer
Central
Reedr
Kopgers
Losimaca
Marlowes
Cory Ah
Northwest Garrion
Mather
Peatic
York
Handy & Harman
Hands & Harman Fon
Also Mentioned on This Page
A-4
Chronicle-Telegram
Biya, O
Business News
Robert Penick
Central Trust
Central Trust Co
Northern Ohio
W. Erie Ave
Lorain
Jack A. Elliott
Bratch
Bernice M. Brown
Broadway Eighth
Sue Dunning Graham
Trong
Federal Reserve Board
Leery Traders
Mid-Ohio Securities Corp
Weber
Secureant Divers Inc
RYHIA
Sporzer
Outer Space
Radio Shack
Seett
Rongetree
Ultronic
Bobed
Homers
Elyria
2Nd Street
Northern Savings & Loan
Wentown
Maddie Et Ind
Se Nomi Hean Savings and Loan Company
Mecca
College Park
Ni, Ridgeville At
Sect Ri
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