Wall Street opens lower as a broad market selloff continues
Stocks fell across the board at the open led by the Dow with an 28.97 point drop to 1,763.92 after a record Thursday slide. Volume remained heavy as investors fretted inflation and higher rates despite mixed August data from Commerce and Labor. IBM, USE, BellSouth, and Allied Signal declined while the NYSE composite fell 1.39 to 133.86 amid anxious sentiment.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock
NYSE
BellSouth
Allied Signal
American Stock Exchange
House banking panel defeats credit-card bill
The House banking panel voted 7-5 to reject Rep. Frank Annunzio’s plan to cap credit-card interest at eight points above Treasury yields, delaying action on the measure and signaling a potentially final setback in the 1986 push. Annunzio vowed to pursue amendments in the full committee or on the House floor.
MENTIONED IN THIS ARTICLE
Washington
House
Frank Annunzio
D-Ii
Banking, Finance and Urban Affairs Committee
Consumer Affairs and Coinage
Annunzie
Treasury
Senate
Doug Barnard Jr
D-Ga
Barnard
Annunzio
Kidron Auction Steady Trade As Hog and Cattle Prices Hold
Kidron livestock auction saw steady demand Thursday with hogs topping at 58.25 per cwt and varied feeder pig and calf values. Holstein cows and beef cows posted higher, while lambs and sheep showed active bidding. 2,278 head sold from 41 consignors with hay and straw receipts noted and oats and firewood also listed.
MENTIONED IN THIS ARTICLE
Kidron
Watly
Egg prices in Columbus wholesale market report
Sales to retailers in major Ohio cities show cartons delivered with Extra large six six to six nine, large six five to six eight, medium five five to five eight, small three six to three nine. Light type hens producer loading at one forty four cents.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Metal prices New York closing figures vary little
AP reports COMEX closing prices with gold at 408.00 per ounce and silver at 5.699 per ounce Spot nonferrous values show aluminum 53.10 cents, copper 0.66 to 0.87 a pound, lead 23 cents, zinc 44 cents, tin 3.4715 per pound, mercury 175 to 190 per 76 pounds, and platinum 625 to 633 per troy ounce.
MENTIONED IN THIS ARTICLE
New York
Comex
Lorain County grain prices at yesterday's market
Lorain County Farm Bureau Cooperative Association reports closing grain prices: Wheat 1.91 per bushel Shelled Corn 1.43 Soybeans 4.60 and Oats 0.70 per bushel. These figures were posted for local farmers and buyers.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Ameritech strikers to propose contract today
Union negotiators for Ameritech Publishing Inc. strikers plan new contract proposals on the 32nd day of the walkout. The firm warned it will permanently replace economic strikers if they do not return. CWA Local 4340 represents about 380 statewide with 280 in locals 4340 and 4309.
MENTIONED IN THIS ARTICLE
Cleveland
Ameritech Publishing Inc
Telephone Directory
William J. Vidmar
Communication Workers of America
CWA
Publishing Company
Also Mentioned on This Page
EIN
Inves
Tors
Commerce Department
Labor Department
House Banking Panel
Chicago Bears
William
Perry
Swan Lake
Pye
New York Stock Exchange
ASA Za
At&t
At&t Pf
Sifet
Amoco
Armwin
A. AdlRich
duPont
Exxon
Gillet
Gould
Pierre KR. Smith & Co
Acme Cleve
Allied Corporation
Alltel AmerShip
American Standard
CPC Inter. Inc
Emerson
Excellent First Bancorp
Fruehauf
Goodrich
J.C. Industries
Invacare Stv
Lear
Himstke
Hanwell
HranBa
JobnJn
Kmart
Merck
Merk BO
Norse
Navistragg
Niamp
Nynex
Phizer
Phil
Rayld
BTM
Salomn
SchiPb
Schimb
Sears
Smkb
Scaled
Kidron Livestock
Warml
Wendy S
Ea Wraail
Xerox
Zayres
Sell Buy Amer-Wash Mutual
Dreyfus Fidelity-Ponton Tie
Hancock-Bond
Mass.fin-Mit
Templin
Growth
World
NL Vanguard-Wellgin
Electronics, Inc
Lorain County
Belden Wire and Cable CO
Potter Brumfield & C.D.E
Sylvania
C.A
2.C.A
Acelite
Hunter
Weller and
UNGAR
Anll El-A-Co Electronics, Inc
Electronic TV & Radio
Lake Ave
Elyria
Lorain
Ameritech
Ameritech Publishing
Leo F. Egan
Karen Fontanive
Bureau of Labor Statistics
Pierre
Court St
LPC
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