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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 02, 1983
Page
5
A Hansen Inc survey predicts 1984 pay increases will average less than 7 percent, the lowest in a decade, with insurance finance and service sectors seeing the largest raises and hourly workers about 6.7 percent. High unemployment reduces worker push for bigger raises while cost cuts trim benefits.
Stocks opened slightly higher in New York after a 15 minute delay due to a smoke emergency at the trading floor. The Dow rose about 112 points to 1207.93 as NYSE issues showed gainers ahead. Rockwell, Lockheed and McDonnell Douglas lifted defense shares amid calm markets despite international tensions.
The Kidron market showed a generally steady tone with some gains from last week. Hogs ranged 190 to 240 pounds from 41.00 to 66.29 per hundredweight, feeders 25 to 45 pounds at 17.00 to 75.00, calves traded 47.00 to 98.00, cattle and sheep with varied midrange values, and straw and firewood offered by the bale or ton.
In Houston a quality-of-work-life forum brings management and eight unionists together around an oval table to discuss rerouting and customer relations. The group, part of the Transportation Problem Solving steering committee, contrasts with classic labor talks as workers sit with managers.
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