Prices slip again as Dow falls on rate worries
The stock market moved lower in New York with the Dow Jones average dropping 3.66 to 1,143.43 in the first half hour. Losers led gainers 4-3 among NYSE-listed issues as interest-rate concerns weighed on trading.
MENTIONED IN THIS ARTICLE
New York
Tole Lotz
Iturlary
Nyse Sted
Ery
Seles
Hrgalewhastens Kange
Wy KerrMc
AlskAir
Lilco
jerLys
AMI
At&t Nl
Isnt Amerin
Monsan
Nlind
Vjbaldu
BakaAm
Nsemis
Baxters
NorikSo
UN Pfizer
PhilaEl
Rangro
Exxon
Tandy
Texaco
Fordm S
Warn
Amnco
Tels Woakl
Abe Am
Int
Commodity and egg price snapshots from New York and Ohio
AP reports spot nonferrous metal prices with copper at 73 cents per pound and aluminum at 81 cents, plus gold at 39 875 dollars and silver at 9 83 per troy ounce. Ohio egg sales to retailers show extra large to small cartons with varied prices, while Midwest wholesale egg prices trend lower across classes.
MENTIONED IN THIS ARTICLE
New York
Columbus
Ohio
Midwest
Kidron Market Sees Slower Auction Amid Harsh Winter Weather
Extreme winter conditions in Kidron reduced consignments at the auction. Beef cattle and hogs remained in demand with top hog prices near 47 dollars per hundredweight. Grain bids closed steady with corn around 3.40 and soybeans at 7.52 a bushel, while hay and straw totals of 125 loads were consigned. Open heifers priced around 1040 and calves ranged 28 to 76 dollars, reflecting a cautious market despite some strong beef demand.
MENTIONED IN THIS ARTICLE
Kidrow
Kidron
Maine
Lorain County Farm Bureau Cooperative Associaten Inc
U.S. vows action over Japan farm barrier dispute
U S Trade Representative William Brock said Washington will act to protect itself if Japan does not quickly resolve a long running dispute over barriers to American farm goods after addressing the National Association of Manufacturers. The piece notes a late February drop of 1.5 billion in the money supply amid broader market maneuvers in industry and media deals involving Murdoch and Warner Communications. Standard Oil of California offers to sell Gulf assets excluding oil and gas properties to aid a deal.
MENTIONED IN THIS ARTICLE
United States
Japan
U.S
Wiliam Brock
National Association of Manufacturers
Standard Oil Co
California
Gulf Corp
Acce Eve
Murdoch stock deal faces FCC challenge in Gulf takeover
The FCC rejected Rupert Murdoch’s appeal to overturn a stock deal amid Gulf’s $13.3 billion takeover bid. The measure comes as lenders note February fixed rate home loans above 13 percent, with rates for long fixed loans easing slightly from January. Meanwhile the UAW wraps a Detroit convention pledging higher pay and pensions in talks with GM and Ford. Douglas Aircraft plans to sell a DC-10 to Zambia Airways and negotiates with others on a more fuel efficient jumbo jet.
MENTIONED IN THIS ARTICLE
Federal Home Loan Bank Board
Douglas Aircraft Co
Steelmakers push for import quotas in five year plan
Houston AP report says U S steelmakers urge Congress to set foreign steel quotas as part of the Fair Trade in Steel Act. Campaign features a half ton beam and a 38 foot pipe for delivery to Washington, highlighting job losses at Armco and Lone Star Steel.
MENTIONED IN THIS ARTICLE
Houston
Congress
United States
James F. Collins
American Iron and Steel Institute
U.S
U.S. Commerce Department
Armco Inc
Lone Star Steel Co
Lone Star
Texas
Armco
Ohio
Oklahoma
Missouri
Ilinois
Alabama
Georgia
Indiana
Michigan
West Virginia
Pennsylvania
Maryland
Reagan backs steel mergers not creating monopoly
President Reagan stated at a White House luncheon that he does not believe a LTV Republic Steel merger or United States Steel’s bid for National Steel would reduce competition to monopoly levels. Deputy press secretary Fitzwater said the Justice Department would decide on antitrust implications, noting pressure from foreign competition on the steel industry.
MENTIONED IN THIS ARTICLE
Washington
Reagan
LTV
Republic Steel
United States Steel
National Steel
White House
Justice Department
Marlin Fitzwater
Justice
Fitzwater
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Mutuals
Perth
USAR
Halle Beark AR Tb
An ‘Adams Express
BasixCorp
Lalile Castletel
CenterCorp
Colgate Path
Ins $56 $67 Cuil Ewes and Bucks $8 $2750 Goats (20 Nead) Enterracorp
EssertyssCo
Hawksi
IdahoPower
A Uu i
Lumesiac
Nautrust
Panexindust
Petrelditesoar Nn
ShawmutCorp Vo
Satediley Sal
Waki
ZenithIvatas
Catadha Fuots
Murdoch
Warner Communications Inc
Warner
Chris- Craft Industries Inc
Chris-Craft
Federal Reserve Board
Federal Communications Commission
Rupert Murdoch
Gulf
United Auto Workers Union
Detroit
General Motors Corp
Ford Motor Co
Ed Bell
United Steelworkers District 27
Divertor
America
American Institute For
Ernst Wimpfheimer
Institute
Cleveland
Lorain County
Syour
Middle Ave
P.O
Elyria
Freedom Center
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