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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 04, 1983
Page
22
Markets opened with a downturn as interest rates continued higher. The Dow fell 6.80 to 1220.33 in early trading while NYSE issues showing losses outnumbered gains 3 to 2. Retail shares like Sears Roebuck and Woolworth traded lower amid a broad selloff with volume around 85 million.
Lorain County Farm Bureau Cooperative Association posted yesterday's closing market quotes with Wheat at 3.27 per bushel Soybeans at 8.32 per bushel Corn at 3.52 per bushel and Oats at 1.65 per bushel.
AP notes yesterday's nonferrous metal prices with copper at 71 cents, lead 25 to 27 cents, zinc 49 cents, tin at 6.46 to 6.49 dollars, aluminum around 1 cent, gold at 383 dollars, silver 8 750 per ounce, mercury 340 to 250 per 76 lb flask, and platinum 373 to 382 dollars per troy ounce.
AP reports show wholesale egg prices through major Ohio cities with large cartons at 88 to 97 cents and medium cartons around 85 to 94 cents. In Chicago, Class I large 69 cents, Class II large 67, mediums 65, smalls 41, nest-run breaking stock 62 with checks 56 to 44.
The House passed the domestic content measure 219 to 199 to require increasing U.S. parts and labor in autos sold in the United States. It aims to add up to 700,000 jobs and set 90 percent domestic content by 1987 for large makers, notably Toyota and Nissan, despite Senate doubts.
Greyhound seeks 12,700 strikers in the United States and Canada as rivals face lines for tickets and freight delays while the company advertises for replacements. Spokespersons say training will take two to three weeks for experienced intercity drivers, with talks halted and no new negotiations scheduled.
U.S. major manufacturers sold 236,895 cars from Oct 21 to 31, up 25.5 percent, while October imports hit a record 195,545 units. Full month sales rose 36.1 percent with imports capturing 22.7 percent of the market. GM up 25 percent, Ford up 33.5, Chrysler up 9.8, American Motors up 15.6, VW up 6.3.
Kidron consignments stayed very heavy with hogs steady to higher than last week and feeder pigs strong with good demand. A fur buyer begins weekly on Nov 10, fur and hides, plus cattle and calf prices listed across hogs, calves, cattle, sheep, goats, and dairy stock in a busy sale report.
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