Opening stocks slide as four week slump persists
The New York market edged lower in thin early trading. The Dow fell 2.23 to 1,216.06 as losses outpaced gains on the NYSE with Circus Circus Enterprises leading volume at the open, and a prior week Dow drop of 5.29 points. A Treasury debt sale was delayed due to political stalemate.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Treasury
Congress
Circus Circus Enterprises
NYSE
American Stock Exchange
Lorain area business briefs note local tours and elections
A Lorain works tour for U S Steel facility is set for November 14 with reservations through the Lorain Chamber of Commerce. The Home Builders Association of Lorain County will conduct elections at its November 9 meeting at Tom's Country Place. Wight candidates named for the board include Larry Franklin, Terry Goode, Al Herman, Linda Kacher, Jack Kapron, Jim Lear, Ray Martinez and Dick Parker. Lear Siegler reports a 25 percent rise in net earnings to 15.6 million on a five percent sales gain for the quarter ended September 30, led by automotive and truck sales. Stanadyne posts a 38 percent year‑over‑year net income rise to five million in the third quarter, with Moen Division strongest in sales, serving residential construction. Spitzer Auto World of Elyria marks 25 years of Lincoln-Mercury affiliation, Dodge first sold there before Lincoln-Mercury. OSSCO Office & Data Supplies opens a Strongsville Rim Plaza branch south of Royalton Road, selling furniture and supplies.
MENTIONED IN THIS ARTICLE
Home Builders Association of
Lorain County
Tom’s Country Place
Wight
Larry Franklin
Terry Goode
al Herman
Linda Kacher
Jack Kapron
Jim Lear
Ray Martinez
Dick Parker
Lear Siegler
Stanadyne
Moen
Elyria
NORAD Tracks Space Debris From Rocket Boosters and Debris
NORAD is charged with tracking manmade objects in space including spent boosters and orbiting debris, maintaining vigilance over objects posing potential hazards to satellites and space operations.
MENTIONED IN THIS ARTICLE
NORAD
North American Aerospace Defense Command
Consumer spending drives recovery in 1983 outlook
New York AP reports consumer spending remains the engine of the recovery as retailers and automakers show upturns in sales. Unemployment fell to 8.8 percent, boosting hopes for a continued expansion into 1984, with capital goods orders rising 1.5 percent and autos up 18.8 percent for the year.
MENTIONED IN THIS ARTICLE
New York
Steven Dobson
Bank of America
San Francisco
U. S
Bus Talks Stall Over Week as Greyhound Strikes Drag On
In Phoenix AP reports stalled talks between Greyhound Lines and 12,700 striking employees likely to last at least a week as the company weighs operating during the walkout. Union official Jim Hayes said talks won’t resume until management reassesses their ability to run buses without the union.
MENTIONED IN THIS ARTICLE
Phoenix, Ariz
Greyhound Lines
Pen
Jim Hayes
Omaha, Neb
Amalgamated Transit Union Local 1126
Hayes
Omaha
Chef Union
Harry Rosenblum
Rosenblum
Gasoline Prices Continue to Slide Nationwide
Iran's threats to block oil shipments through the Persian Gulf appear to have little effect on U S gas pumps. A nationwide survey found the average price at 17 500 stations was 1 22 a gallon for all grades, down 0 8 cents in two weeks. Analyst Lundberg notes consumers remain steady despite rising threats.
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Los Angeles
Iran
Persian Gulf
U.S
van Lunaperg
Lundberg
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