Opening stocks rise in heavy trading after rate cut
In New York early trading stocks surged as rates fell after the Federal Reserve eased credit. The Dow gained 10.37 to 862.91 at 11 a.m. BST, with Mobil and IBM among top movers while Marathon Oil faced opening delays amid a looming merger battle and Citicorp showing gains. LT. William Fisher of Olmsted Falls named second full time officer for the Olmsted Falls Fire Department after a civil service exam.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Dow
New York Stock Exchange
NYSE
Nysw
Marathon Oil
Marathon
Mobil Corp
Mobil
Citicorp
Up Sa
IBM
Pennsylvania Power & Light
Ups
American Stock Exchange
William Fisher
Olmsted Falls
Olmsted Falls Fire Department
John Calloger
Grain price snapshot from Ohio elevators after market close
UPI reports cash grain prices paid to farmers in Ohio by principal market-area elevators. Northeast Ohio shows No 2 wheat at 3.03 and No 2 yellow corn at 1.93 per bushel with soybeans at 6.10. Northwest Ohio lists No 2 wheat 3.06 and corn at 42. No 2 soybeans quoted at 6.oe with shelled corn 42.38. Oats mostly unchanged while No 2 soybeans rise slightly.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast Ohio
Northwest Ghia
Reagan plan eyed to lower mortgage and loan rates
Washington says the new economic recovery program should cut mortgage and interest rates in coming months. Treasury Secretary Regan spoke on CBS saying inflation is deeply embedded and rate relief should continue. Senator Dole predicted rates could drop to 15 percent by year end, with no major tax hikes likely in fiscal 1982.
MENTIONED IN THIS ARTICLE
Washington
UPI
Reagan
Treasury
Donald Regan
CBS
Face the Nation
Senate Finance Commmnistee
Bob Dole
R-yan
NBC
Meet the Presse
Regan
Dole
Timken workers ratify concessions after narrow defeat
In Canton Ohio United Steelworkers officials say a prior narrow defeat of concessions prompted overwhelming approval Sunday of a modified contract package from Timken Co. The endorsement marks a shift after three weeks of dispute.
MENTIONED IN THIS ARTICLE
Canton, Ohio
UPI
A_ United Steelworkers union
Timken Co
Marathon Holdout Casts Shadow Over Findlay Over Marathon Takeover
Findlay residents fear a Mobil Corp bid to acquire Marathon Co. could devastate the town. Marathon employs 2,309 workers at a three-building complex, and leaders warn the move could hollow out the local economy. Union members criticize new wage terms and transfer provisions while Canton plant workers assess pay cuts under the proposal.
MENTIONED IN THIS ARTICLE
Findlay, Ohio
UPI
Joe Freed
Findlay
Marathon
Ohio
Mobil Corp
Marathon Co
W. Bentley Burr
Main Street
Freed
Albert Kaminsky
David Decker
Decker's Men's Wear
Burr
Ohin Oil Company
John D. Rockefeller
James C. Donnell
Harry Mayfield
USW
District 22
Mayfield
Timken
Forkful of music tuning fork first invented in 1711
The tuning fork was invented in 1711 by John Shore, boosting precision in musical pitch and acoustics. This early innovation laid groundwork for standardized tuning in Western music and scientific experiments alike.
MENTIONED IN THIS ARTICLE
John Shore
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