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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 27, 1984
Page
9
The New York market moved higher with the Dow up 2.9 percent to 1,155.88 in the first half hour. Early NYSE activity showed more gainers than losers, as rates generally fell in credit markets. Analysts noted lower rates as encouraging while the Treasury kicked off a large debt securities sale.
AP report from Columbus shows egg sales to retailers in major Ohio cities with delivered carton pricing. Extra large 92 95 cents, large 91 93, medium 87 9 cents, small 70 74. Chicago Midwest report notes wholesale prices unchanged with Class 1 large 85, Class 2 large 80, mediums 74, smalls 63, nest run 69, shocks 63.
The sale of existing homes rose 23 percent from a year earlier amid rate gains with a 12.4 percent January rise, as analysts and Reagan’s economist expect possible further rate increases. Labor Department opposes a bill allowing large-scale pension fund mortgage investments while Fed policy discussions loom.
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