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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 29, 1983
Page
5
New York AP report says the nations basic money supply was unchanged in mid November with a $200 million revision for Nov 10. Short term rates rose about a tenth of a point before easing back, as analysts note a 4 month slowdown in M1 growth but caution the Fed looks at broader indicators for policy.
New York stocks opened mixed as steel and drug issues rose while auto, mining and photography shares retreated. Prices were not available at press time following a mostly lower previous session.
AP dispatch from Columbus notes egg and butter trends in Ohio with wholesale and farm price ranges. Regional buyers report mixed wholesale quotes across classes, with hens and smalls varying, while retailers in major cities see cartons and farm offerings influencing local costs.
A Creston livestock auction sold 1,270 head with 367 coinupers. The sale included one daily heifer at 475 dollars, four goats, ponies and horses, varied calf classes, cattle, hogs, sheep, and feed prices. Grain futures closed with notable price quotes from Wheat to Soybeans and metals prices from the New York market.
In Phoenix, 31 locals of the Amalgamated Transit Union rejected Greyhound’s 27.8 percent wage cut by 96 percent, threatening to delay talks. The company plans an announcement of “important plans” while officials consider resuming bargaining.
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