Stocks Rise On Carryover Buy Interest In Energy Group
The market advanced modestly in New York with the Dow up 95 to 845.70 as gains outweighed losses. U.S. Steel bid for a controlling stake in Marathon Gil sparked energy sector activity with Southland Royalty, Exxon, Cities Service, Ohio Edison, Federal National Mortgage and Johnson & Johnson among early leaders.
MENTIONED IN THIS ARTICLE
NEW York
U.S. Steel
Marathon Gil
Energy Group
Southland
Exxon
Cities
Ohio Edison
Federal National Mortgage
Johnson & Johnson
He Am Airlines
AmCan
He. AE Pwr
Rockwil
Am Motors
Amt&t
Armea
Sperry
BellHawl
Stocal
Tennec
Borger
Texaco
Cini As
CocaCal
Ubrands
Colgate
Uy John
Weyrhs
ConthGr
CookUtdak
Curtisser
DuPoar
Eastern Alps
Pierre R SmithCo
Acme
EsKodak
AmerMachFn
Eaton
American Standard
ExxonCp
Bendix
FordMr
CPC Inter
Emerson
Excella
GnMet
Fruebant
Goodrich
Gdrich
Southern Co
Inco Ltd
Te Sybronie Ind
My Toledo Edison
A Cp
SGM
Union Pacific Corp
InBary
S Woolworth
Ite Iodlt&t
Kellogg
Dbkety Kroger
Luken
Mgmgr
Monsan
My Nabisco
NuGyp
Natl Steel
Norfkw
Gwncf
Owenlll
Pan Am Air Bi
Metal price report from New York market update
Daily nonferrous metal prices in New York show copper at 83 cents per pound, zinc 46 to 49 cents, tin 8 to 32 cents, aluminum 76 to 80 cents, gold at 401.00 per troy ounce, mercury 426 per pound and platinum 381 per troy ounce. Market notes reference daily quotations and regional delivery details.
MENTIONED IN THIS ARTICLE
New York
Ee Ane & Harman
Daly
Troyar
Grain prices update from Ohio elevators after market close
UPI reports Ohio elevator cash grain prices in the principal marketing areas after Thursday close and Friday morning. Northeast Ohio offers No 2 wheat 3.92 per bushel, No 2 shelled corn 2.35, No 2 oats 2.00, No 1 soybeans 5.99. Northwest Ohio lists No 2 wheat 3.84, No 2 shelled corn 2.35, No 2 oats 2.08, No 1 soybeans 6.06.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast Ohio
Northwest Ohio
Grain Prices at Loran County Market Report
Local grain prices at yesterday’s closing show Wheat at 372 per bushel Shelled Corn at 251 per bushel Grass at 215 per 18? bushel Soybeans at 803 per bushel The figures come from the County Farm Bureau Cooperative Association listing the market results for area growers.
MENTIONED IN THIS ARTICLE
Loran County
AFL-CIO rejects White House invite amid Reagan policy clash
The AFL-CIO convention criticizes Reagan economic and social policy and five of its 35 member executive council members refuse a White House invitation for December 2. Leaders pledge ongoing support for PATCO and denounce the administration’s actions against fired air traffic controllers. The Teamsters remain distant allies in the broader labor split.
MENTIONED IN THIS ARTICLE
New York
UPI
Afl-Cio
Reagan
White House
Robert Poli
PATCQ
Lane Kirkland
Labor Organization
Federation
Administration
Robert Bonitati
Glenn Watts
John DeConcini
James Hatfield
Derry Wurf
American Federation of State, Council and Municipal Employees
Watts
Winpisinger
Teamsters
PATCO
John Henning
California Labor Federation
Henning
GNP Up 0.6 Percent Reflects Inventory Backlog
The revised third quarter GNP shows a 0.6 percent rise, reversing a prior minus 0.6 percent due to higher inventory accumulation. Economists warn the backlog signals potential higher unemployment and a prolonged recession as manufacturers cut production and seek to clear inventories.
MENTIONED IN THIS ARTICLE
GNP
Sandra Shaber
Chase Econometrics
Commerce
Malcolm Baldrige
Fannie Mae to buy second mortgages nationwide
Fannie Mae announced it will begin purchasing second mortgages like its first mortgages. The program aims to expand access to financing, allowing loans for purposes beyond home improvement, with combined loan value capped at 80 percent of home value and second mortgage terms up to 15 years. Interest rates were expected to be set shortly, with current rates cited at 17 to 20 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal National Mortgage Association
Association
Fannie Mae
Federally Chartered Corporation
Savings and Loans
David C. Maxwell
The
Household International
Household Finance
Ford tests selling a woman's car in Walton-Pierce store
Ford Motor Co and Walton-Pierce launch a test program offering Lincoln Continental test drives within a fashion retail setting. Champagne and a Hubert de Givenchy designed interior aim to boost sales as both firms report weak results. The promotion pairs a high end car with a luxury shopping experience to attract women customers.
Ford's Contintal Car Demo At Local Stores Spreads
Lincoln-Mercury promotes car demos in stores near Detroit's Lake St. Clair area. Ford family ties and Givenchy fashions draw shoppers. Day says aim is to bring product to the person with a $25,000 Continental target audience.
MENTIONED IN THIS ARTICLE
Henry Ford II
Lake St. Clair
Lincoln-Mercury
Bill Day
Ford
Day
Grosse Pointe
Givenchy
Also Mentioned on This Page
Business News
Chicago
Midwest
Hancock
Vanguard
Saul Miller
Machinists
William Winpisinger
International Confederation of Free Trade Unions
Elaine
Poyich
United Press International
Robert Ortner
Commerce Department
Otto Eckstein
Lincoln
Kidron Livestock
Kidron
Capri
Saks Fifth Avenue
Bill Huntington
Mary Iacocca
MarineCo
Michigan
ColonialGas
LNA Corp
haldsonCa
Oldsmobile
General Motors
Amherst
K-Mart Plaza
Superior Electric
Lorain
E. Heating & Alr Conditioning
W. Broad ST
Carrier
Elyria
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