Opening stocks mixed as pause continues on rally
Stocks opened mixed in New York with the Dow slipping about 213 points to 1227.55 in early trading while mining and petroleum issues led gains. Exxon, Texaco, Mobil and Standard Oil of California advanced amid easing rates and hopes of industrial demand, as overall volume climbed and benchmarks touched new highs.
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New York
New York Stock Exchange
Isues
NYSE
Exxon
Inco
Texaco Wet
Dow Jones
TNE OT ii
American Stock Exchange
Metal prices New York spot nonferrous quotes drift
AP reports yesterday's New York spot metal prices with a range of cents per pound for lead zinc and aluminum and per troy ounce for gold silver and platinum. Prices shown include 84-86 cents for copper 2B cents for lead 40 cents for zinc 36.68 for tin 75 cents for aluminum and gold at 443.75 per troy ounce silver at 13.150 per troy ounce platinum at 435.0 5439 per troy ounce.
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New York
Handy & Harman
Western allies seek unity at OECD talks in Paris
At a two day OECD ministerial meeting in Paris Western industrialized nations pressed to bolster a fragile U.S. led economic recovery. The United States won support for rolling back protectionist measures while France stalled on some points. Delors urged reforms as 40 ministers prepared for Williamsburg summit.
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George P. Shultz
Cooperation at Pontiac Fiero plant tour signals new era
General Motors opens a tour of the Pontiac Michigan Fiero plant showing cooperation between management and autoworkers. The new sports car is built amid a shift toward practices common in Japanese auto plants, dropping many old barriers.
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General Motors
Reagan Warns Protections Worse Than Illusion, Urges Free Trade
President Reagan told the U S Chamber of Commerce that a congressional proposal requiring imported autos to use a fixed share of U S made parts is a cruel hoax. He warned protectionism would raise car prices and not help American industry, urging opposition to quick fix trade measures. The dollar’s strength, higher import costs, and calls from industry for quotas on steel products also shaped the day’s economic updates.
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Channel 35 to broadcast live from Merthe Building
Channel 35 will broadcast live for four hours Thursday from the remodeled Merthe Building downtown Elyria. William Lasch says cameras will be in use 5 30 to 9 30 p m for the grand opening of Alesci s, a Cleveland based imported gourmet store. J H Krause has been open since St Patrick s Day.
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Alesci’s
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William Lasch
Channel 35
J. H. Krause, A Restaurant, Has Been Open Since St. Patrick’s Day
Lasch
Alesci’s-Krause
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