Market Slide and Big Property Sale Rumors Hit Wall Street
The stock market posted broad losses as recession fears and higher oil prices weighed on investors. The Dow fell 39.11 to 2518.32 with commodities and bonds drifting. Olympia & York Developments seeks a partner to sell 20 percent of its U S properties for 200 to 800 million, while Donald Trump seeks debt relief on 245 million for the Trump Shuttle with CitiBank cooperation.
MENTIONED IN THIS ARTICLE
Asia
New York
U.S
Reichmann Family of
Toronto
Olympia & York Developments Ltd
Donald J. Trump
Trump
Citibank
New York-Washington
Stephen Bollenbach
Trump Organization
Kidron Livestock Auction Reflects Higher Consignments and Strong Dairy Demand
Kidron auction reports higher consignments over the last weeks with market hogs up to $58.25 and feeder pigs near 1,100 head. Dairy cattle and heifers remain in strong demand with cows topping at $1,385 and heifers at $1,350, plus a special dairy sale planned for October 8.
MENTIONED IN THIS ARTICLE
Kidron
Hatfield
GM faces federal probe over brake problems in 1.2 million cars
The NHTSA opened an engineering analysis covering 1987 model year and parts of 1988 GM models including Corsica Sunbird Cimarron Skylark Grand Am Firenza and Cutlass Calais amid 1,372 brake complaints blamed for 189 accidents and 75 injuries. GM says it will cooperate and notes no confirmed defect.
MENTIONED IN THIS ARTICLE
Washington
General Motors Corp
National Highway Traffic Safety Administration
Federal
NHTSA
Tim Hurd
Ford and Canadian workers near tentative pact in strike
About 12,800 Ford Canada workers have been on strike since their contract expired. Union president Robert White says proposals from Ford are close to an economic settlement though key issues remain at St Thomas Oakville and Windsor plants including job security wages and cost of living. Plant output projections and prior offers noted as context for talks with Ford and broader implications for Chrysler and GM settlements.
MENTIONED IN THIS ARTICLE
Toronto
Canadian Auto Workers Union
Ford Motor Co
Ford
Robert White
White
St. Thomas
Oakville
Windsor
Canada
Chrysler
General Motors
Metal Prices Wrap Aboard Major Exchanges
New York metals markets close with Comex showing gold at 359.10 per troy ounce and silver at 34.778. Merc prices list platinum 452.10 and palladium 102.20 per troy ounce. Nonferrous metals post aluminum 0.84, copper 1.2550, lead 0.45 to 0.52, zinc 0.74 to 0.77, tin 3.7662, and mercury 260.3265 per 76 pound flask.
MENTIONED IN THIS ARTICLE
New York
Comex
Grain Prices at Loram County Market Close
The Loram County Farm Bureau Cooperative Association reports yesterday's market close with Wheat at 2.22 per bushel Shelled Corn 2.29 per bushel Oats 1.25 per bushel Soybeans 5.05 per bushel The grain children at the local market note.
MENTIONED IN THIS ARTICLE
Loram County Farm Bureau Cooperative Association
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Wall St
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Feds
Hurd
Tom Pyden
Erate
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Corsica
Don McKenzie
Ontario
Niagara Falls
Rrr
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NYSE
Amrich
At&t
Bys Ba
Exxon
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Gannett
Ste
Va Jbm
Lve Us Johan
kKmart
Va Lillys
Va Hain
Ais Ia
AMAAM
He Mobil
Ma Morgan
Motoria
Nynex
Pactics
Pfizer Pepsics
PhilaEl
PhilPet i
Promea Ag
Schimb
Texaco
TexAs
Tayrus Usfg
Bae Usx
Ucarb
Sm Warnts
Pierre R. Smith Co
Acme Cleve
Allied Corporation
Eer
CPC Inter Inc
Emerson
First Bancorp
Goodrich
Hills Dept. Invacare
LCE Bancorp
LNB SacRaiy Nordson
Northern Savings
PNC Corp
Parker, Smocker Sunrise Medical
Ree
Woolworth
Mid-Am Inc
Mutuals
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Jobo Hancock
Mit
Templeton-World
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Corect
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Rotary
Lorain
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Rome
P.O
Ohio
Ben Ewe
Pioneer
Stewart
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Elyne Neet Ee Amey
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