High interest rates curb auto sales and home buying
United Press International reports that high rates of 17 to 21 percent choke new car purchases while real estate veteran John Wood of the National Association of Realtors calls rates the industry’s public enemy. Banks trim prime lending to 16.5 percent, signaling potential rate relief amid a broad market rally.
MENTIONED IN THIS ARTICLE
John Wood
National Association of Realtors
Association
Miami Beach
Wood
Reagan
Chase Manhattan
New York
Chase
Continental Ilinois
First National Bank of Chicago
Mitsui Manufacturers Bank of
Los Angeles
Philip Braverman
Lorain County Farm Bureau grain prices at market close
The Lorain County Farm Bureau Cooperative Association reported grain prices at yesterday’s market close with Wheat at 3.73 dollars per bushel Shelled Corn 2.25 dollars per bushel Oats 2.15 dollars per shelled oats Soybeans 6.03 dollars per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Associatign, Inc
Opening stocks show little change amid recession concerns
The Dow Jones average fell 1.90 to 858.64 in the first half hour while gainers and losers were balanced on the NYSE. Analysts cited easing rates helping the market but warned of a deepening recession as evidence mounted. Alcoa and other names appeared in early quotes.
MENTIONED IN THIS ARTICLE
New York
AllgPn
AlbisChlan
Alcoa
Poll finds drop in consumer faith and Christmas fear
A Sindlinger & Co poll of 1,300 U S households shows 10 percent fear permanent job loss amid a collapsing confidence swing the steepest in 26 years. Analysts predict a weak Christmas with potential $4.5 billion in lost sales and a 4 to 5 percent drop from last year.
MENTIONED IN THIS ARTICLE
Sindlinger & Co
Media
Sindlinger
Albert Sindlinger
Con
Sumers
Ford
Goodyear
Yale
GM to Idle 13,000 as Sales Sag Prompt Layoffs
GM to cut 18,000 jobs amid extended layoffs at J-car plants in St. Louis South Gate and Lordstown. Linden New Jersey shifts cut. 1800 plus 6000 temporary layoffs cited. St. Louis conversion to Buick Olds models. Cavalier revamp eyed amid weak J-car sales.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors Corp
J-car
St. Louis
South Gate
Calif
Lordstown
Ohio
Linden
N.J
Automaker
Pontiac
Buick
Oil industry trainee program offered by Ohio institute
The Ohio Diesel Technical Institute in Cleveland seeks trainees to become diesel equipment operators for an oil company in western or southern states. Applicants 20 to 25, high school graduate with driving record, mechanical skill, and electronics interest preferred. Six month training costs 2500 dollars with possible federal loans and assistance. contact Julius A. Brenner at the Cleveland institute for details.
MENTIONED IN THIS ARTICLE
Rockwill
RoperCp
Sears
Sperry
AmCan
Great A&p Ay Dal Inc
Aeip Wr
Gulf Oil
Uniroy! Inc
Am Motors Hershf
Ae - Me Ubrands
Bobbie Erks
Mut&t
Ing
Kellogg
Wohl
H Kroger
Pierre R. Smyth
Colgate
Mgmgr
Bae Acme
Ith
Cal Gas
MobilCorp- 2
Ye Monsan
AmeyShop
Nabisco
Bendix Consul
Cites Service
CPC Inter. Inc
Curtisser
Natl Steel
Emerson
Norikw
Excella
Alla
Fruehaut
Goodrich
DuPont
Owenlll
Pan Am Air Lear Siegler A
Eskodak 3A
Penney
Tel
Eaton
alYe Pennpl
Midland-Ross
Evansp
epsiCo
National Gypsum
ExxonCo
PhilaElec
Ohio Edison i
PhilPet
Parker Hannifin
Ford Mt
Polaroid
Searle
G.D.) Co
Alva - Me Smucker
Southern Co
RCAC
Aledo Edison
Reynht
Union Packie Corp
Woolworth
Cleveland
Ohio Diesel Technical Institute
Julius A. Brenner
Also Mentioned on This Page
United Press International
Commerce Department
Robert Ortner
Wall Street
La-Z-Boy
Visa & Master Card
Mutuals
Amer-Wash
Dreyfus
Fidélity-Puritan
Hancock
MIT
Vanguard
Strawbridge & Clothier
Philadelphia
Michael Steinhardt
Steinhardt Partners
Treasury
Steimhardt
Steinhardt
American Electric Power
Commonwealth Edison and
Commodore International
Tandem Computer
Intel
Dan Dorfman
Columbus
U.S
Handy & Harman
Platt. Num
Cali Z 1 Wan Cheracals4 Gp 4 45 Deh Cine. A of Dee In Curliss Lee
Ringhall
Las Selon Thomas
Tis Svelson Thustias
Walker
Speed
Twas
Sal
Stewart
Stewart’s
Cleveland St
Elyria
Lorain
Huy LE
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