Opening stocks market turns mixed in moderate trading
The New York market opened mixed as traders weighed a gloomy forecast on long term rates by Henry Kaufman. The Dow edged lower after a Friday slide while IBM led activity with a large block traded at 56. Analysts cut earnings estimates for big computer makers amid cautious mood.
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UPI
L Am
Dow
Salomon
Henry Kaufman
Wall Street
IBM
Grain price snapshot from Ohio elevators after Friday close
UPI reports average cash grain prices per bushel paid to farmers in Ohio marketing areas. Wet One No 2 wheat 367, No 2 shelled corn 242, No 2 oats 193, No 1 soybeans 616. Northwest Ohio No 2 wheat 368, No 2 shelled corn 245, No 1 oats 208, No L soybeans 619. Central Ohio No 2 wheat 367, No 2 shelled corn 248, No 2 oats 218, No 1 soybeans 603. Trend No 2 wheat 367, No 2 shelled corn 242, No 2 oats 193, No 1 soybeans 616. Prices unchanged for wheat, corn, oats. soybeans down slightly.
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UPI
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Business leaders fear high interest rates threaten recovery
Washington reports that despite inflation easing and tax cuts, UPI notes executives worry rates will curb consumer spending, raise welfare costs, and widen deficits. Sen Paul Laxalt warned rates are the Achilles heel of Reagan's plan. Economists predict prime could fall to 9 percent by year end 1982.
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Reginald Jones
General Electric
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Bendix worker wins record $6,568.70 suggestion award
Elyria resident Keith J. Loczi, senior purchasing expeditor at Bendix Heavy Vehicle Systems in Elyria, received a record $6,568.70 HINTS award for an alternate method to prevent corrosion on the FD-1 fan clutch drive shaft. Over 12 years with Bendix he has earned more than $7,558 in accepted suggestions.
MENTIONED IN THIS ARTICLE
Keith J. Loczi
Elyna Oem
Bendix Heavy Vehicle Systems Group
Loczi
Bendix
Elyria
George Jovan
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