Market opens mixed after tech rally in New York
The market in New York traded mixed with gainers ahead of losers by over 2 to 1 on the NYSE. The Dow Jones industrial average fell 18 to 823.63 in the first half hour as analysts branded Tuesday's rally as technical rather than news driven.
MENTIONED IN THIS ARTICLE
New York
Dew Nationwe
VAL dL Panet Mines
Jones
Sigma tnvShrs
Brush Weslenan
HON Ind
Derrico Inc
Natomas
Nelson Torin
Pioneer
NYSE
GrLks Intl
Oriole Homes
INC
Amsted Indust
Clarl Gilberta
Copeland
Cp Deere & Co
Duke Power
Middlesex
Stock Exchange
Penn
AMF Inc
PEG Indus
Allis
Prem Ind
Amer Rands
RCA Corp
Amer Brand
Am Brig
Lflay
Amer Can
Rev Ind
Hrig Lilay
Amer Cyan
Reyn Met
Armstrong Cork
Amer Motors
Bobo Hiss Rockwell
Apriee Ompute
Amer TelTe
Bk of
Montana
Sas
Ubederma
Carp
Barco Calif
Spry Corp
Borden Inc
Bunker
Ramo Ted
Boemp Co
Ohio
Carlisle
Deln
Dellwood Ty Inlet
Bae
Tenneco
Bnep- Ais
Chrysler
Trans W Corp
UN Carbide
Ay Heights Finance
Cigate
Tog Gallus & Gas
Unirayal
Ing de Hines,e,lumber
Rm Bisan
Brhy
US Steel
Hobart Cp
Kentucky
Dayton
Nelson Thomas
Det Edison
Wal Ie
Dion
Exxon Corp
Firestone
Zenith
Ford Motor
Stearns Mig
Pierre
Elec
Sen Foods
Gen Motors
American Machine & Foundry
Utd
UtaCities Gas
American Standan
Grace
Goodyear
Adhe Paleget
Great Agp Ltd
Greyhound
Wackehut Cp
CPC International. Inc
Warner Lambert
Barna
Dart
Hersh Foods
Emerson Ah
Pat Sole
Excelle
Wise
Ineo
Bruehaul
Ing Ratta
Ik Goodrich
IBM Corp
LC. Industries
Koehning
Lear Sregier
Kellogg
Val Ind Kroger
Ohio Edison
Parker Hannifin
Lone Start
Seatle
Mucker
Mattel
Bron
Heboahs Steel
Amith Audy
Toledo Kawon
Union Pacific Corp
Monsanto
Woolworth
F.W
Nec
Olin Corp
Owen
Pan Amer Air Am Penney
Penn Cine Mic
Grain cash prices by Ohio grain elevators update
UPI reports average cash grain prices per bushel paid to farmers across Ohio marketing areas. Northeast shows No 2 wheat 3.75, No 2 shelled corn 2.24, No 2 oats 1.43, No 1 soybeans 5.83. Northwest lists No 2 wheat 3.85, No 2 shelled corn 2.22, No 2 oats 1.37, No 1 soybeans 5.94. Central reports No 2 wheat shelled corn 2.80, No 2 oats 1.47, No 1 soybeans 5.86. Trend: most grain prices unchanged across categories.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northwest
Sohio pressuring independents to restore hours amid surplus gas
Sohio officials urge Cincinnati area independent dealers to revert to lease hours open 106 hours a week and close only on Christmas as a gasoline surplus prompts expanded access. Company spokesmen claim service aims to aid the public while some see focus on boosting sales and repairs. observers cite potential lease cancellations for defying directives.
MENTIONED IN THIS ARTICLE
Standard Oil of Ohio
UPI
Sohio
Cincinnati
Cleveland
Sotto
C.8
Haynes
Mike Kunnen
Greater Cincinnati Gasoline Dealers Association
Deficit from oil imports widens US trade gap
Washington reports September US oil imports push the trade deficit to 2.83 billion dollars. Rising oil costs drive inflation, reduce purchasing power, and slow the economy with higher unemployment likely. Federal Reserve tightened policy October 6 to curb borrowing as analysts expect a broader slowdown into year end.
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Washington
UPI
United States
U.S
Commerce Department
Alfred Kahn
Charles Schultze
Council of Economic Advisers
Congress
Federal Reserve
Michael Evans
Evans Economics
Evans
Area business brief reports Gilford Instrument gains sales and profits fall
Gilford Instrument Laboratories Inc of Oberlin reports fiscal year end July 31 sales at 31 million up 16 percent but net income at 2.5 million down 35 percent or 1.01 per share. President R. Gilford cites interest expense overseas loss and slow Diagnostics income. announces three appointments and leadership changes. Lorain County Savings & Trust Co directors declare quarterly dividend of 25 cents per share payable December 1 to record holders November 23, president Robert T. Bowman notes.
MENTIONED IN THIS ARTICLE
Gilford Instrument Laboratories, Inc
Oberlin
R. Gilford
Diagnostics
Harvey Gittler
Lorain County Savings & Trust Co
Robert T. Bowman
Cedar Point boosts cash dividend and declares stock split
Cedar Point Inc. directors raised the quarterly cash dividend from 27.5 cents to 31 cents per share payable December 14 to shareholders of record November 23. They also declared a 3 percent stock dividend payable January 31 to holders of record January 4. Over six years the dividend rate has risen about fivefold, per president Robert L. Munger Jr.
MENTIONED IN THIS ARTICLE
Cedar Point, Inc
Robert L. Munger, Jr
Great Lakes freight up in September
Great Lakes commerce in iron ore coal and grain during September totaled 21.4 million net tons, according to the Lake Carriers Association, reaching 125.2 million net tons for the year to date, up 9.5 percent from 1978. Ore shipments for the month totaled 12 million gross tons, coal 6.1 million and grain 2.9 million.
MENTIONED IN THIS ARTICLE
Great Lakes
Lake Carriers’ Association
Media session with Hugh Danaceau at City Club luncheon
Cleveland newsman Hugh Danaceau, WWWE news director for two years and a 12 year staffer, will discuss How the Media Perceives Business at a Cleveland City Club luncheon. Sponsored by the Growth Association Small Business Forum, the event includes a Q and A after the talk. He holds an economics degree from Western Reserve University and has earned several awards.
MENTIONED IN THIS ARTICLE
Cleveland Broadcast
Hugh Danaceau
Cleveland City Club
The
Small Business Forum
Growth Association
Danaceau
WWWE
Western Reserve University
Great Lakes Industrial Show set in Cleveland
The seventh annual Great Lakes Industrial Show will run November 6 to 8 at the Cleveland Convention Center. It is billed as Ohio’s largest trade show and will feature about 400 exhibits for local purchasers, engineers, and management. Call PMA Cleveland at 621-3759 or show director Cotten Morgan at 1-800-225-1577 for details.
MENTIONED IN THIS ARTICLE
Great Lakes
Ohio
Cleveland Convention Center
Purchasing Management Association of
Cleveland
Cleveland Industrial Distributors Association
PMA
Cotten Morgan
U S Steel Reports Third Quarter Earnings Decline
U S Steel Corp the nation s top steel producer said third quarter income fell to 81.3 million or 94 cents a share on 3.2 billion in sales vs 88.8 million or 1.04 per share on 2.8 billion in the prior year quarter. Nine month shipments reached 16.5 million tons. Chairman David M Roderick cited below prior quarter shipments inflation driven cost pressures and programs to improve Central Steel Division and Southern plants.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
U.S. Steel Corp
U.S. Steel
David M. Roderick
Central Steel Division
Southern
Roderick
Lorain County grain prices at close of market
The Lorain County Cooperative Association listed closing prices for grains: wheat 3.70 per bushel, shelled corn 2.24 per bushel, oats 1.50 per bushel, and soybeans 5.89 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Cooperative Association, Inc
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