Union Fights Reopen Steel Talks Amid Industry Pressure
USW leaders discuss reopening the steel contract with major producers while workers voice opposition. About 250000 steel workers are under the three year pact, with 150000 laid off or on short weeks this year. Critics warn concessions would hurt workers as industry operates at half capacity.
MENTIONED IN THIS ARTICLE
Coma Vt
Indust. Coordinating Committee
McBride
USW
Russ Gibbons
C.et
Barbara Weibelt
Homestead
US Steel Corp
Miss Werbelt
Husbad
Bruce Hovgan
Steel Industry
Gibbons
Ron Weisen
Weisen
United States
Japan
American Iron and Steel Institute
Market Opens Mixed as Dow Dips Early Trading
The Dow Jones industrial average opened down about 65 points, tumbling 14 percent from May 7, as transport shares fell and utilities rose slightly. A large block trade in International Business Machines later nudged the market, with Textron, Schlumberger, Mesa Petroleum, and Tektronix among notable movers in early NYSE activity.
MENTIONED IN THIS ARTICLE
New York
Mesa Petroleum
Schlumberger
Tektronx
Bendix workers to vote on final agreement
About 230 members of United Auto Workers Local 971 at the Eyria Bond plant will vote Wednesday on a plant closing agreement with management. Local president Gary Hughes said details will be discussed after the membership sees the agreement, which covers severance pay and fringe benefits after the shutdown of the brake system plant by year end. The meeting is at 4 pm at the UAW hall 120 Lowell St.
MENTIONED IN THIS ARTICLE
United Auto Workers Loci
Eyria
Afcot
Gary Hughes
S Am
Hughes
Newport News
UAW
Lowell St
GM raises prices on new car models for 03 percent
General Motors Corp joined Ford and Chrysler in boosting prices on new car models for the model year. GM cited continuing cost pressures for the 0.3 percent increase affecting some options and transportation. Executives said they were wary of making extensive safety claims about their vehicles to avoid litigation if expectations are not met.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
No 1
Ford Motor Co
Chrysler Corp
Milford
Midh
Howard Kerhi
Kerhl
Creston Livestock Sale Lists Prices and Participants
The Creston sale featured 339 consigners selling about 1200 head of livestock. Calves and cattle fetched varying prices with steer and heifer lots ranging from the high forties to the low one hundreds, reflecting a broad mix of market types. The report also notes ongoing GM price increases and a safety testing event at Milford proving grounds with executives commenting on liability and safety messaging.
MENTIONED IN THIS ARTICLE
Creston
Ted Deavy
Grain bids from Lorain County Park Bureau cooperative
Local grain bids at yesterday's market close show Wheat 311 per bushel Shelled Corn 252 per bushel Oats 240 per bushel Soybeans 611 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Park Bureau Cooperative Association
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