Market Edges Higher After Monday Retreat
The market opened higher after a sharp Monday pullback as rates stabilized. The Dow rose 0.39 to 1,203.37 in the first half hour while volume showed more gainers than decliners. Dow Jones average closed Monday at 1,202.98 with notable moves in Dow Chemical American Telephone and Telegraph Kodak IBM and Exxon.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Dow Chemical
American Telephone & Telegraph
Eastman Kodak
International Business Machines
Exxon
Dow Jones
Creston Auction Sees 962 Livestock Sold by 332 Consignors
In Creston the auction on Monday sold 962 head from 332 consignors. Two dairy cows brought 320 and 380 dollars, and 10 goats sold from 9 to 55. Calves ranged 75 to 92 for choice and 50 and up for out calves. back to the farm bull calves moved 76 to 104, and heifer calves 60 to 80.
MENTIONED IN THIS ARTICLE
New York
Kmart
Macom
Mgmaa
Acyan
Archith
Unkind
Asarta
Hs Aurich
BaxiTr
Ots
PepsiCo
Boeing
Phizer
Carept
PhilPet
duPont
EsKod da
ElPaso
Safwrst
GTE
Usind
Bates
Gilvest
Unocal
Ty GulfOit
Valera
Herculs
Vanans
IBM
Wilme
Creston
Pierrer South Co
Acme Cleve
Allied Corporation
AMF Inc
AmerShip
American Standard Aa Chromattoy
Cleveland
Elec
Cpen Inter Inc
Emerson
Bruehauf
Gooduch
TC Industries
Lear Siegler
Eros Fridane
Amede Edison Thy
Woolworth
Yields mixed at T-bill sale by U S Treasury
The Treasury auctioned about 7.4 billion dollars of Tbills with 3 month notes at an average discount of 8.1 percent, down from 8.14 percent last week, and six month bills at 8.14 percent, up from 8.13 percent. The total was well below recent weeks.
MENTIONED IN THIS ARTICLE
Washington
Treasury Securities
Rates Linked to Recovery Spark Investor Anxiety
As signs of economic rebound appear, investors fear rates may have bottomed. Factory use rose to the best level in over a year while the Dow fell about 16 points to 1202.98, and bond prices dropped sharply amid concerns rates won't decline much further.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
U.S
Cedar Point sale plan advances with July shareholder vote
Cedar Point Inc. shareholders will vote July 28 on a private investor group led by Cedar Point chair Robert L. Munger Jr. to acquire the company. The deal pays $40 per share, with Cedar Point's two parks, Cedar Point in Sandusky and Valleyfair in Minneapolis, under the group. Board approval has been given, and regulatory clearances are pending amid 1983 revenue of $69.4 million and net income of $10.6 million.
MENTIONED IN THIS ARTICLE
Cleveland
Cedar Point Inc
Cedar Point
Sandusky
Valleyfair
Minneapolis
Robert L. Munger Jr
NFF Investments Inc
Narragansett Capital Corp
Prudential Insurance Co. of America
Lazard Freres & Co
Pearson Inc
Pearson
Munger
Brooks Transportation shuts four Ohio terminals
Brooks Transportation Inc. ends operations in Cleveland Strongsville Toledo and Columbus affecting about 240 workers. Gelco Corp. will seek new positions for staff but most will be laid off. closure blamed on unfavorable economic conditions. George LaMarne notes union workers were told Friday. historic French dictionary founder Jean Nicot is misnamed by posterity as nicotine.
MENTIONED IN THIS ARTICLE
Cleveland
Brooks Transportation Inc
Ohio
Brooks Transportation
Strongsville
Toledo
Columbus
Brooks
Gelco Corp
Gelco
Robbie Brooks Inc
Leonard J. LaMarne
International Ladies’ Garment Workers Union
LaMarne
Also Mentioned on This Page
Creston Livestock
C-T
Lorain
Cuyahoga West
Robert Burns
Federal Reserve
Henry Kaufman
Salomon Brothers
Robert Ortner
Commerce Department
David Maxwell
Federal National Mortgage Association
Mortgage Bankers Association
TNE Milan
American Iron and Steel Institute
Eric Nord
James Peacock
Oliver Zimman
Musco Industries
Elyria
Lorain County
Radio Shack
Icia Seagate
Nicot
Jean Nicot
Rennied
la Delteri
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