Stocks drift higher on rate hope as bonds ease and banks move
Opening prices show the Dow rising 3.81 to 948.91 around 11 a.m. EDT while 1,442 issues on the NYSE post 758 advances to 304 declines. Polaroid leads volume. analysts expect a possible rate cut as banks trim borrowing costs and the Fed eyes money supply data at 4:10 p.m. EDT.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
NYSE
Irving Trust
Marine Midland Bank
Chemical Bank
Hanover
Chase Manhattan
Ween
Federal Funds
Federal Reserve
Reagan
Congress
Wall Lear
Siegler
Mad-Continent
Tel Midland-Ross National Gypsum Ohio Edison Parker
Hannifin Searle
G.D
Smucker Southern Co
Sybron
Toledo Edison ‘Union Pacific Corp
Woolworth
F.J
Metal prices New York spot quotes yesterday
AP reports nonferrous metal prices in New York with copper at 63.4 cents a pound, lead 42 cents, zinc 46 percent cents, tin 7.344 a pound, aluminum 76 to 80 cents, gold 402.25 per troy ounce, silver 8505 per troy ounce, mercury 433 per asking price, platinum 410 per troy ounce, Handy and Harman listed daily quotes.
MENTIONED IN THIS ARTICLE
New York
U.S
Handy & Harman
Dividends Conoco Stocks Delayed Amid Takeover Bids
Conoco and Fisher Scientific faced delayed openings as DuPont Mobil and Joseph Seagram pursue bids. Justice Dept reservations cited minor objections to DuPont bid. Allied Corp agreed to buy Fisher for 330 million dollars including 55 dollars per share. Amex movers included Dome Petroleum Ozark Houston Oil Kirby Exploration with drilling delays and market gains.
MENTIONED IN THIS ARTICLE
Conoco
DuPont
Mobil
Joseph Seagram & Sons
Justice Department
Fisher Scientific
Allied Corp
Fisher
American Stock Exchange
Dome Petroleum
Amex
Ozark Airlines
Houston Oil Trust
Grain prices and a scholar ship highlight Elyria notices
In Lorain County Farm Bureau grain prices show Wheat 3.46 per bushel, Shelled corn 3.01, Oats 2.25, Soybeans 4.54. Bonnie Antush, Heidelberg College student, earns a 1981-82 scholarship after dean's list honor. Elyria Township to begin rubbish pickup next week. non garbage items curbside only.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association
Bonnie Antush
Heidelberg College
Andrew Antush
Otten Road
North Ridgeville
Elyria
Kidron Livestock Market Report Shows Slight Gains Across Sections
Kidron consignments remained strong with nearly steady market dogs from last week. Feeder pigs heavy, calves mixed with back-to-farm stock steady, beef cattle steady, dairy consignments about same with 122 head. some dairy areas weaken yet demand for close springer cows and heifers stays good. Slaughter calves down slightly. hogs 180-190 pounds to 240-260 pounds range, butchers sows and boars varied. calves and cattle prices listed for steers, heifers, cows, and fed cattle. sheep and goats also priced with range noted.
MENTIONED IN THIS ARTICLE
Kidron
Sears Summer Sale corrections for July 29 paper
Correct the 3 Ib. box for the 9340 dishwashing detergent listed on page 13. Also note the Ashcroh Ji Country Swivel Rocker on page 15 does not recline as advertised.
Productivity Dips 0.9 Percent in Second Quarter
The Labor Department reports U.S. productivity fell 0.9 percent at an annual rate in the April to June quarter, reversing Q1 gains as output dropped 3.6 percent and hours worked fell 2.6 percent. Farm productivity rose, offsetting nonfarm declines, while manufacturing led a quarterly gain.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
U.S
Bureau of Labor Statistics
Senator seeks tax amendment to save The Washington Star
Senator Charles C. Mathias proposes a special tax credit to make The Star attractive to buyers amid Time Inc plans to cease the paper on Aug. 7. Chris-Craft Industries would consider acquiring The Star if the amendment passes, with a three year window to return profitability.
MENTIONED IN THIS ARTICLE
Washington
UPI
Charles C. Mathias
R-Md
Congress
Washington Star
Washington Post
Star
Chris-Craft Industries of
New York
Time Inc
The
Post
Mathias
District of Columbia
Internal Revenue Service
Mortimer Caplin
J. Stanley Pottinger
Chris-Craft
Herbert J. Siegel
Conglomerate
Chris Craft
David Linowes
R. Robert Linowes
Greater Washington Board of Trade
Also Mentioned on This Page
Pri
Natomas
Witanthine
Hone Pay
Columbus
Ohio
Chicago
Midwest
Pietre R. Snuth Co
Acme
AmerMachFodry
American Standard
Benendix
Eneron
Kirby Exploration
Fletcher
Comanche County
Oklo
Kirby
Comaleco
Dulingsar Corp
Dynamics Corp
Exserch Cp
Michard Glass Fittas Hosry
Cory Mb
Ary Prestuice Hall Cy
Roegel
NYS
Southdoze Incohy
Technol FacSab Trazgle
Valero Energy
Wavelee
Kidron Livestock
Eadh
Stray
Kiron Saterday
Mutuals
Dreyfus
Fidelity-Puritan
Investors Variety Abr
Wid J. Hancock Bot
Mass
Fin Mit
Vanguard Ivest
van Yard Well
Best Buy
Amana
Stewart's
Cleveland St. Elyria
Sorsin
Wats
Norwood
Business News
Robert Penick
Peggy Horan
Ohio Edison
Peggy
Lake Erie
Energy Makers
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