US oil analysts foresee OPEC price relief at the pump
US analysts say a global oil surplus will force OPEC North African producers to cut prices. BP plans a stage for a price retreat after lowering North Sea output due to weak demand. North Sea crude at about $39.50 to $40 a barrel lags North African levels near $41. The glut keeps oil under pressure as North African and North Sea crudes fetch around $33 to $34 a barrel.
MENTIONED IN THIS ARTICLE
OPEC
British Petroleum
North Sea
United States
New York
Saudi Arabia
Geneva
Organization of Petroleum Exporting Countries
Opec 5
Oil price battle heats as North Africa eyed to lead fall
Oil analysts warn North Sea prices may dip before North African crudes as producers trim output and offer credit terms to hold customers. US demand remains tied to Libya Nigeria and Algeria as talks in Washington loom over price cuts and pricing unity at OPEC.
MENTIONED IN THIS ARTICLE
Libya
Nigeria
Algeria
Washington
Sohio completes $177 billion Kennecott takeover
Standard Oil of Ohio finishes merging Kennecott Corp making Sohio the 16th largest US company by sales and top US crude producer with major North Slope assets. BP agrees to FTC conditions to avoid challenge. Board chair Thomas D Barrow to join Sohio board after merger.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Standard Oil Co of
Ohio
Kennecott Corp
Sohio No 1
Alaskas North Slope
Kennecott
Sohio
Federal Trade Commission
Thomas D Barrow
Chrysler chief outlines profitable path amid optimism
Lee Iacocca told 900 shareholders at Chrysler’s annual meeting that sales rise month after month, break even near half prior levels, and a profit could come by the second quarter ending June 30. He announced new models arriving this decade, including a front wheel drive convertible and Town and Country station wagon, and cautioned Omnis and Horizon would face stiff J-car competition from GM and Japan.
MENTIONED IN THIS ARTICLE
Tacocca
Chrysler
Newark
Del
Dodge
Opening stocks as Girard Bank hikes rate to 21 percent
Girard Bank of Philadelphia raises its prime rate a full point to 21 percent, marking a potential rate turnaround. The stock market opens mixed as investors weigh higher rates despite a cooler inflation report. The Dow slips 83 to 9859.1 as gains and losses balance on the NYSE. Labor data show a 0.4 percent May rise in wholesale energy prices, roughly expected by analysts.
MENTIONED IN THIS ARTICLE
New York
UPI
Girard Bank of
Philadelphia
New York Stock Exchange
Labor Department
Wall Street
Kidron Auction Sees Steady Sale Amid Fair Weather
Thurs day market at Kidron Auction reports strong hogs and steady feeder pigs as 2244 head were sold by 500 consignors. Live cattle and dairy prices held with calves, steers, heifers and cows posting varied values. six loads of hay and straw listed alongside.
MENTIONED IN THIS ARTICLE
Kidron
Grain Prices Reported at Lorain County Market
Lorain County Farm Bureau Cooperative Association lists closing grain prices from yesterday's market. Wheat at 393 cents per bushel, shelled corn 308, oats 260, soybeans 693.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association
Ino
Grain prices by region in Ohio after markets close
UPI reports cash grain prices paid to farmers in Ohio by elevators after markets closed Thursday and opened today. Northeast area shows No 2 wheat 3.41, corn 3.12, oats 2.23, soybeans 6.94. Northwest lists No 2 wheat 3.40, corn 3.13, oats 2.39, soybeans 3.70. Central Ohio shows No 2 wheat 3.45, corn 3.12, oats 2.38, soybeans 9.8. Trend: wheat higher, corn and oats unchanged, soybeans lower.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast Ohio
Northwest Ohio
Central Ohio
Nonferrous metal price quotes from New York market
AP reports yesterday spot prices for copper at 8550 87, lead 3738 cents, zinc 46 percent cents, tin 96.458 a pound, aluminum 76-80 cents, gold 482.30 per ounce, silver 1062 per troy ounce, mercury 425 per flask, and platinum 448 per troy ounce. Handy & Harman provided the daily quotes.
MENTIONED IN THIS ARTICLE
New York
Handy & Harman
Hand & Harman
Daly Gil Mercury
Also Mentioned on This Page
Wm Eby
U.S
Business News
Robert Penick
FTC
British Petroleum Ltd
Soto
Amax Inc
Amax
Jon Griffee
Strong Tool Co
Robert Graham
Logos Corp
Strong Tool
Midway Industrial Park
Graham
Midway Park
North Ridgeville
Gene Krebs
Lacocca
By Larry Reibstein
Knight-Ridder Newspapers
Wilmington
Dell
Wilbur Baker
Chrysler Corp
Plymouth Volare
Lowell
Lee Alacocca
Iacocca
Pittsburgh Steeler
Terry Bradshaw
Horizon
General Motors
Donnybrook
Peugeot
Bie
H Hardwikk
Hardwick
Stewart's
Cleveland St
Elyria
Lorain
Ohio Farms
Chicago
Midwest
Ona
Garth Toy
Shakey Anascarey Gut
Tarly
Plese
Lorain and
Philly Bank
Ally Pur
Goodyear
Allid Cp
Gracew
Alhs Bn
Great
A&p Alcoa
Greyhound
Gulf Oi
Bisa Art Arrines
Hanna Min
IC Indus
Cyanarmid
Ahha Inco
Elec Pwr
Abbe Natl Steel
Amy Consu Pwr
Olin Cp
Ty van CF
H Cook
Tod
East Kodak
RCA
Gen Motors
Sperry
Texaco
Kidron Livestock
Perth
E Nedwsta
Holcers
Cox Broadcasting Car
E F Johnson Co
Allant City
Allant City 82 48 Bar ‘Canad Imperung
Aly
Javral Resource My Corp
Wright Wm
Eraey Os &Ls
Ioven Ciro
Faye Wey
AlbertaNtr
Allegheny
BellTel Ca
Consol
Cressing
Danvers
FiaRock
Os Kidde Inc
Lousville Gas
MSI
Nudland Ga
Nu Trust
Bb Gil
Pandick
Pitston Co
Am Pures Indus
SPS Technol Ie
Mutuals
Eyfus
FaltyPrin
Vanguardsvest
Luray Ine
LS Steel
CPC International
Ineah
Emerson
Excelio
Fruehauf
Goodrich A
IC Industries
Ade
Lear Siegler
Midland
Ross
Tel
Olive Edison Nationa Gepsum
Parker Hannifin
Na Searle
Gd) Co
Smucker
Southern Co
Sybron Iy
Toledo Edison
Union Pacahe Corp
Woolworth
Jene
Templar Baines
Cheanees & Warns
Walker
Clyde McDowell
Homelite
Ectler
Quarty
Johnadd
Igen
Tehhed
Coe Feenong Arad
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