Business pessimism grows as economy slows in 1980s survey
United Press International reports a Commerce Department survey showing planned business cutbacks near 2.4 percent this year, the worst since 1975, amid recession and inflation. A private poll finds 49 percent call the economy in a low mood, while retail sales rose 15 percent last month led by autos, clothing, and department stores. The outlook remains that consumer demand must drive the upturn as business investment remains weak.
MENTIONED IN THIS ARTICLE
Commerce Department
White House
All Savers rate to drop to 9.85 percent
The government announces the next All Savers tax exempt certificate will yield 9.85 percent, essentially unchanged from the current rate of 9.87. The 9.87 rate remains available through Sunday to encourage immediate purchase, with the program insured by the federal government and tied to 70 percent of the 52 week Treasury yield.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Budget sparks market rally in New York stocks
The stock market rallied as the House approved a Republican sponsored federal budget plan. Investors anticipated an end to the congressional budget deadlock with President Reagan backing the measure, boosting confidence across NYSE listed issues.
MENTIONED IN THIS ARTICLE
New York
House
Reagan
Congress
Kidron Livestock Auction Sees Heavy Consignments and Strong Demand
At Kidron Livestock Auction, Thursday consignments were heavy due to rebates on various livestock categories. Hog prices topped around 6276 with robust feeder demand, beef cattle rose with Holstein cow tops near 50, dairy cattle steady with good springers fetching high prices. Calves and feeder cattle showed mixed values, steers around 49 75 to 60, heifers near 44 94 to 96, fat cows 46 to 94, and sheep and goats also sold well. Total head consigned reached 2126 from 99 consignors. straw and firewood lots also listed with varied prices.
MENTIONED IN THIS ARTICLE
Kidron
Lorain County Farm Bureau Reports Grain Bids
Lorain County Farm Bureau Cooperative Association lists yesterday's market bids in Wheat at 306 dollars per bushel Shelled Corn 254 Oats 230 and Soybeans 610 per bushel. The report notes closing bids for the local grain market.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association
Ino
Butter eggs poultry prices at Ohio farms report
Chicago AP notes wholesale egg prices in the Midwest rose and fell with no clear universal change. Light type hens listed at 4 cents and large classes showing mixed figures. Mediums and smalls moved within narrow ranges as nest run and breaking stock prices were reported alongside checks in the broader market.
MENTIONED IN THIS ARTICLE
Ohio
Chicago
Midwest
Metal prices New York spot quotes given yesterday
AP reports New York spot prices for nonferrous metals yesterday show copper 70 to 75 cents per pound to US destinations, lead 25 to 27 cents, zinc 35 to 37 cents, aluminum 76 to 77 cents, tin 1518 cents, gold 3326.75 per ounce, silver 59.55, mercury 370 per jin, platinum 283 per troy ounce. Hand and Harman provided the daily quotes.
MENTIONED IN THIS ARTICLE
New York
Hand & Harman
Handy 4& Harman
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Harris
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Tures
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Intit&t
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Elec
Allisalm
Kellogg
CPC Inter Inc
AmCan
Kroger
Emerson
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Smucker
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Southern Co
Col Gas
Olin C
Sybron
CmwEd
Owncl
Texas Utilities
Con Ed
Owentil
Oledo Edison
ConNat Gas
Pan Am Aur
Union Pacific Corp
Consup
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Woolworth
PepsiCo
CookUnid
PhilaElee
PhilPet
Del
Polaraid
Eastern Air
RCA
Eaton
Evansl
Rynts
ExxonCp
Rackwil
le Firstone
Vita
Wy Motor Pas
RoperCp
Gennaz
Rabbin
My Sperry
Great AP G Tm
Pierre R Smith Co
Acme Cleve
Galton
AmerMachFndry
Hannahtin
AmerShip Building of Hershf
Toco Ltd
IneBads
Kidron Livestock
Incre Betz Labs
Universal
Thompson Med Sulai
Adame Express
al Algoma Central
Algoma Stoc
Brennand Paige
Conroy Inc ChemLawn
Emicala
BNC Insur
Englehard Corp
Nea Iz Eli
Columbus
Raf
Sosler
Graffiti Gobbler
Anthony K. Toth
Graffiti Gobbler, Inc
Elyria
IES
SAT
Stewart's
Cleveland St
Lerein
Pardner
EST
Second Street
Aji
QBANK
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