Market declines amid Carter plan reveal spooks investors
New York stocks fell broadly after President Carter outlined wage and price restraint. The Dow dropped 5.11 to 827.44 in early trading as losses outpaced gains on the NYSE 5-4. The dollar weakened and gold rose over four dollars to a record above 230. Analysts called the session negative, noting pre-known plan details and dollar movement. In Columbus, cash grain prices for Ohio elevators showed mixed moves with wheat and corn mostly steady or higher.
MENTIONED IN THIS ARTICLE
New York
Carter
Hildegarde Zagorski
Bache Halsey Stuart Smelds
Columbus
API
Ohio
Northeast Ohio
Northwest Ohio
Central
Schulman to Speak in North Ridgeville
Cleveland attorney Milt Schulman will be the featured speaker at a 4 p.m. meeting of the Concerned Citizens of North Ridgeville at the Elyria Savings and Trust National Bank branch. The event is open to the public and Schulman has represented the group in past litigation.
MENTIONED IN THIS ARTICLE
North Ridgeville
Cleveland
Milt Schulman
Elyria Savings and Trust National Bank
Schulman
Area business news in brief from Elyria offers expansion plans
Elyria area business brief notes the Elyria Telephone Co distribution of a new directory, a 60 million expansion plan for the 7 Eleven chain in Ohio aiming for up to 475 stores by 1983, and workforce growth from 850 to 3,000 with payroll rising to about 28.5 million. It also covers Ag Industries Mfg. Corp. fertilizer sales agent, Halloween events at Midway Mall with WOBL, Sohio free 10 point check, ATO earnings up 318 percent, Royce Jennings at an employee benefits conference, and TRW Inc. reporting record third quarter and nine month results with sustained growth forecasts.
MENTIONED IN THIS ARTICLE
Rey Ind
Rockwell
Sears
Gil Cal
Gil Ohio
Texaco
Timken
TransWorld
Us Steel
John
Amercan Standard
Chromilloy Cites Service Om Cpc International Inc
Emerson A Fructant
Lear Siegler
Midland-Ress
National Gypsum
Parker Hannflo
Searle
Gd) Co
Southern Co
Bragish Oh
Toledo Edison We
Union
Ohio Farma
Fens
New York
USDA
Elyria Telephone Co
Mid-Continent Telephone Corp
ETC
Sue Olson
Southland Corp
Ohio
Genry Bellof
Bellof
Hleven
N. J. Baker & Bro., Inc
Ag Industries Mfg. Corp
AIM
Alabama
Lakeshore Equipment & Supply Co
Elyria
A-T-O Inc
Ohio Edison warns on fuel-cost rule changes and clean-air costs
Ohio Edison president John R. White argues abolishing the fuel-cost adjustment would raise electricity prices, curb utility investment, and threaten reliability. He cites PUCO oversight and a $62–120 million potential gap in recoveries, plus savings from the current program. The utility also warns EPA rules and the Metzenbaum amendment could raise costs. scrubbers vs regional coal costs and public sentiment on clean-air funding are noted.
MENTIONED IN THIS ARTICLE
Ohio
Ohio Edison
John R. White
Public Utilities Commission of Ohio
PUCO
National
Federal Trade Commission
Consumers’ Counsel
White
Environmental Protection Agency
EPA
Ohio Coal
Edgewater, Gorge
Sammis
C. von
Also Mentioned on This Page
NYSE
American Stock Exchange
UPI
Ally Powwer
Allied Chem
Allis Chalmers
Am Airlines
Am Brand
Aman
el Power
Arm Motors
Armen Inc
Ind
Hell Howell
Bendix
Beth Steel
Oblue Birks
Boeing
Canada Pac
Na Gelanse
Chessie
Cuanss Gas
Cora Cola
Galgate Palmolive
Firestone
Ford Motors
Foad
Geo Motors
Hershey Foods
Mobil
Monsanto
Nabisco
Nat Aviation
Nat Steel
Norfolk Western
Olin Corp
Cen Forgles
Gwen
Penner
Penner L162 20m 20% Phila Elec 1 #0 Pho Petro
Procter Gamble
RCA
Ren Steel
Pierre R. Smith & CO
Alyria
Scranton
Area Business News
the Merchants of
Midway Mall
WOBL
Fanny Farmer
Sohio
Boron
Robert G. Griffin
Royce Jennings
New London
Ohio Carpenters Pension Fund
International Foundation of Employee Benefit Plans
Atlanta
Jennings
Ennings and
Churella
TRW Inc
Ruben F. Mettler
Touche, Ross & Co
Ohio Consumers’ Council
William A. Spratley
Utes Tah
Chania
Nin Ling
Maine
Sharanans Gant Tol
Goodyear
Goodyear Revolyin
Goodyea- Store
White Westinghouse
Pt Cereu
Opendaily
Avaiable
Ty Cater
White-Westinghouse
eSafety
John Conway
Mgr
Broab
East Ave
Phowe
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