Opening stocks edge higher as indicators signal slowing economy
Stocks opened mostly up in New York as government reports show a dip in the Leading Indicators index by 0.1 percent in May and a 4.4 percent drop in May new single family home sales. Dow rises to 1,130.19 as Texaco gains, Ford dips, and overall market breadth favors advances.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
New York Stock Exchange
Ohio and national commodity and egg price reports mixed
Aged market notes show county grain bids with Wheat at 322 per bushel Shelled corn 363 per bushel Oats 3240 per bushel and soybeans at 7.05 per bushel. Nonferrous metals in New York traded copper at 69 cents a pound lead 32 cents a pound zinc 1.53 cents a pound and aluminum 81 cents a pound. Eggs in Ohio wholesale prices varied by size with extra large 71-75 and large 69-74. Midwest egg price report lists wholesale prices for large 57 Class 2 large 54 mediums 43 and smalls 38 with nest-run breaking stock at 50 and checks 45.
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New York
NYSE
Shs
Ou At&t Ni
Mgmgr
At&t Pfs
Tu MerLyn
Arkla
MesaPt
Mdsut
Aulrich
Nsemis
BankTr
Baxters
BellSosz
Boeing
Pennzol
PhilPet
Playboy
SchrPlo
duPont
SouthCo
EsKod
Exxon
Texaco
TexUtl
TotkEuhs
Loran County Farm Bureau Cooperative Association
Pale
Handy & Harmon
Columbus
Ohio
Midwest
Sears to unveil new corporate logo nationwide redesign
Sears, Roebuck and Co will introduce a new corporate logo next week in advertising as part of a broad redesign. The logo will replace the Sears name in the long used rectangle, appear in italicized capitals with internal lines, and extend to catalogs, products, credit cards, vehicles, signs, and paper goods across the country.
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Chicago
Sears, Roebuck and Co
Sears
Raymond Simon
Arellano Brothers
Miami
Fla
High tech tickets automate overdue parking notices
The Computer Place in Cleveland has created ATACS, an automated ticket and account ing computer system. President Larry Donat says it uploads officers daily ticket reports to a microcomputer database with car type owner name and address and prior unpaid tickets, then drafts mailings from a warning to affidavit and warrant.
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Cleveland
Larry Donat
ATACS
Armco union urges restoring concessions after turnaround
Raymond Back of Armco Employees Independent Federation says Middletown Works has turned profitable and workers should regain wage concessions. Company officials project about 60 million dollar profit this year, but Middletown aims for 150 million to stay competitive.
MENTIONED IN THIS ARTICLE
Middletown Works
John Moore
Back
GenCorp ordered to pay German firm $10 million
A US district court jury ruled GenCorp Inc. must pay Transoceanica Import and Export G.m.b.h. ten million dollars in a 28 million dollar Chilean deal dispute filed in 1976. The verdict allocated nine million to Transoceanica and five hundred thousand to GenCorp executives.
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GenCorp
Cleveland
GenCorp Inc
Chile
Transoceanica Import and Export
G.m.b.h
West Germany
General Tire & Rubber Co
Akron
Transoceanica
Salvadore Allende
U.S
Alvin Krenzler
M.G. O'Neil
T.E. Pittenger
Richard E. Guster
Charles F. Clarke
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