Reagan's Economic Plan Faces Possible Change This Year
New York AP reports the Reagan administration recognizes a weaker second-half recovery. Kudlow says recovery may not be as strong as hoped, implying possible budget adjustments such as cutting defense or altering Social Security increases. High interest rates and deficits worry markets. small businesses and firms under 500 workers suffer more failures.
MENTIONED IN THIS ARTICLE
New York
Reagan
Lawrence Kudlow
Office of Management and Budget
Opening stocks rise on belief of bottom forming
The market edged up with the Dow Jones up .48 to 824.30 as early gains outweighed mixed NYSE results. Analysts cited renewed belief a bottom may be forming this month but warn that a durable rally hinges on the economic outlook and rate path, with Transamerica at 19, Sony at 13, and Associated Dry Goods steady at 32.
MENTIONED IN THIS ARTICLE
New York
Transamerica
Sony
Creston Livestock Auction Report and Market Prices
Creston livestock sale drew 373 consignors totaling 1186 head with four dairy cows at 530 to 3935, goats 1 to 38, and a pony at 107.50. Calves sold from 45 to 106, hogs and pigs ranged 8 to 52, cattle included choice steers 86 to 95, Holstein and beef cows mostly 35 to 63, and market utilities down to 20. Metals and grains quotes show copper 6.78 cents, lead 20 to 32, zinc 37 to 40, tin 98.57, gold 318.50 per ounce, silver 79.70, and aluminum 76 to 77 cents per pound. Local grain bids closed with wheat 3.31, corn 2.43, oats 2.25, soybeans 6.05 per bushel.
MENTIONED IN THIS ARTICLE
Creston
New York
Comite Ib
Hand & Harman
Handy & Harman
Royoz
Reagan housing plan criticized as too little too late
United Press International reports industry leader Frederick Napolitano of the National Association of Home Builders calls President Reagan's five point housing plan too little too late. The piece notes February and January new home sales fell and mortgage financing would be eased under the proposals. It also mentions Karen Horn's appointment as president of the Federal Reserve Bank of Cleveland and broader construction data from F W Dodge.
MENTIONED IN THIS ARTICLE
Reagan
Frederick Napolitano
National Association of Home Builders
Pension Fund
National Association of Realtors
Commerce Department
Napolitano
F.W. Dodge
McGraw-Hill Information Systems Co
Karen Horn
Bell Telephone Co. of
Pennsylvania
Philadelphia
Federal Reserve Bank of Cleveland
Ms. Horn
Bell
First National Bank of Boston
Willis J. Winn
UPI
Tool order drop signals gloomy 1982
The machine tool industry reports a 35.4 percent drop in February orders from a year earlier and a 20 percent decline from January, totaling 163.9 million dollars. Industry officials warn of a bleak rest of 1982 as demand for capital equipment falters. Ohio remains a leading tool producer.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
National Machine Tool Builders Association
James A. Gray
Machine Tool Association
Ohio
W. Paul Cooper
Acme- Cleveland Corp
Also Mentioned on This Page
John Cunniff
Edward Yardens
E.F. Hutton
Yarden
Treasury
Donald Regan
Wall
Columbus
West
Matrola
IC Industries
Allie
Nabisco
Tm Ir Siegler
Ient
Toei
Am Airlines
AmCan
Pan Am Air
Am Motors
Parker Hannifin Ae
Amt&t
Pemica Searle
Polroid
E Southers Co
Bron
Marca
Boeing
Seon
Dayton Hon
Diamdl
Texaco
Dupat
Trans
Eastern Air Ual Inc
EvanePra
Uatrey Inc
Firstone
Union
Ford Motor
Xerox Cp
Gdrich
Pierre R Smith
AmerShip
HannaMin
Creston Livestock
Lorain County Farm ‘Bureau Cooperative Association, Inc
Butler
Elmer Hume, Inc
Cleveland Avenue
Amherst
Nick Chlepciak
J.C. Insurance Agency
Broad St
Elyria
Byaia Clevelan
United Press International
Congress
New Reserve
McGriff
Rockville
Maryland
Rei
The
Advertising Council
Crime Prevention Coalition
Ad Council
Capell Lawnmower
AES
Lorain County
Lake Ave
Griswold Road
Teasday
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