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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 12, 1983
Page
2
New York stock prices fell broadly in early trading, extending Tuesday’s decline. The Dow Jones industrial average dropped 1.42 to 1,263.72 in the first half hour, with 5-2 losses among NYSE issues. Traders cited higher interest rates and Middle East tensions over Iran and Iraq raising oil supply fears.
The bulletin lists Butter and eggs prices with wholesale trends and broken down by class. It notes chickens hens and nest run rates, and reports that market bids yesterday included Wheat at 423 per bushel and oats and soybeans at indicated per bushel prices.
AP reports yesterday spot prices for metals with ferrous and base metals. Copper, lead at 23 and 40 cents per pound respectively, zinc 40 cents, gold at 240 dollars, silver 4.30 dollars per ounce, mercury 300 to 350 dollars per 76 pound flask, platinum around 340 to 343 dollars per ounce.
Chrysler said it would drop plans to build a new line in the United States and instead import small cars if the U S limit on Japanese-made autos rises from 1.68 million to 2 million annually. The company warned that easing quotas could cost about 4,200 Belvidere jobs and affect auto suppliers as GM seeks a joint venture with Toyota.
Credit unions gained freedom in April 1982 to pay unlimited interest on savings and certain accounts, triggering a cautious but notable rise in savings by nearly 23 percent in the year to June. Officials say deregulation spurred competition with banks and funds, while regulators maintain tighter oversight and annual exams to monitor safety.
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