Stock prices rise on oil talks and market updates
Early trading today saw the Dow Jones average gain 3.59 points to 949.49 as advancers led declines two to one on the NYSE amid oil producers failing to agree on curbing the oil glut. Ohio grain and cash grain prices were reported, with wheat and soybeans showing notable values across Northeast, Northwest, and Central regions, while egg and poultry prices were noted in major Ohio markets.
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New York
New York Stock Exchange
Columbus
UPI
Ohio
Cartoom
Ohno Farms
USDA
CAO
Midwest
Michigan tops national unemployment at 14.1 percent in July
Michigan led the nation in unemployment for the fifth straight month at 14.1 percent in July. The Bureau of Labor Statistics noted higher rates in Indiana and Ohio, with Michigan’s rate rising 6.4 percent from July 1979, while state and city figures come from different surveys and records for metropolitan areas.
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Washington
UPI
Michigan
Bureau of Labor Statistics
Anderson
Ind
Flint
Mich
Wyoming
Nebraska
Oklahoma
Richmond
Oklahoma City
Indiana
Alabama
Ohio
Illinois
Decatur
Youngstown-Warren
Muncie
Gary- Hammond-East_ Chicago
Labor Department
Unemployment Rises Across Nation Above 7.9 Percent
The year ending July shows a 2.1 percent rise in unemployment nationwide to 7.9 percent. East North Central states from Illinois to Pennsylvania face higher jobless rates amid automotive and durable goods plant concentration. Several Southern states plus Maine, Oregon and Alaska also exceed 8.5 percent.
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Ilinois
Pennsylvania
Arkansas
Tennessee
Alabama
Maine
Oregon
Alaska
Kuwait funds U S oil giants in major stake buys
Kuwait moves to invest heavily in U S oil firms including Texaco Getty Oil and Standard Oil of California now Chevron with smaller stakes in Exxon and Mobil. A Kuwait Investment Office source notes Gulf Oil purchase valued around 42 to 44 dollars a share. Saudi Arabia and other Arab nations also expanding holdings as OPEC surplus funds rise. Kuwait weighs acquiring U S refineries and gas stations amid oil market lull.
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Kuwait
Texaco
Getty Oil
Standard Oil
California
Chevron
Exxon
Mobil
Gulf Oil
Kuwait Investment Office
Persian Gulf
Ministry of Finance
Mobil and
Getty
Saudi Arabia
Kingdom
Gulf
John Paul Getty
Organization of Petroleum Exporting Countries
U.S. Treasury
OPEC
U.S
Detroit
Bank of Commonwealth
Bank of Houston
National Bank of Georgia
Carter
Bert Lance
THE
Chicago Tribune
Production up in U S factories signals recovery
United Press International reports a 0.5 percent rise in U S factory production in August, the first uptick after six months of declines. The index reaches 140.5 percent of the 1967 base but remains below pre-recession levels, while economists debate the strength and duration of the rebound.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve Board
United States
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Robert Penick
Iter
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Northwest
Conoco
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Organ
Donization of Petroleum Jones
NYSE
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T. Bolding - Biyti
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