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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 14, 1983
Page
17
The stock market moved higher with broad gains in New York trading. The Dow rose 2.14 to 1252.34 in the first half hour as gainers outpaced losers on the NYSE. Analysts cited hopes for lower interest rates and last week’s strong reception to the Treasury’s $16 billion note and bond sale.
Oak Brook based Temco Inc expects to sign a two week agreement to buy the shuttered International Harvester Canton plow plant for 1.2 million. Temco aims to employ about 100 at the 36 acre site while Harvester shifts most remaining work to Quad Cities and Canada. About 45 jobs stay for plowshare work in Canton.
Striking Greyhound Bus Lines workers threaten to burn notices and rally at depots while defying the noon deadline to return or be replaced. The company plans partial service with 50,000 job applications and hires replacements. unions vow continued protests as depots prepare for resumed routes and potential supervisor drivers.
Higbee Co. reports 13 weeks to Oct 29 record sales of nearly 61.6 million in the third quarter, up 10.4 percent from a year earlier. Net income reaches 1.1 million or 71 cents per share, up 932.8 percent, aided by Terminal Tower Concourse renovations in Cleveland boosting shoppers.
A Texas jury found Firestone Tire and Rubber Co not liable for damages sought by Harold Springfield’s family over leukemia possibly linked to benzene exposure. The panel did find Firestone negligent in failing to warn workers at its Orange refinery about benzene dangers, but verdict left unresolved whether benzene caused the death in 1976.
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