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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 27, 1983
Page
2
New York stocks opened with losses as traders booked profits after a sharp rise. The Dow Jones Industrial Average slipped 8.13 to 1,252.64 in the first half hour, while NYSE listed issues showed more losers than gainers. Analysts noted concerns that broader indicators have not surpassed earlier peaks despite the Dow's mid September surge.
Creston consignors total 385 selling 1121 head. Dairy cow brought 3660, 20 goats sold 3 to 25, one horse 300. calves ranged 47 to 80 per head, good to choice lambs 36 to 150, hogs pigs and shoats mixed 30 to 45 per head, sows 28 to 40, boars 30 to 31, shoats 25 to 33 per head.
Two top Atari officials are accused by the SEC of using insider knowledge of Atari's parent Warner Communications to trade Warner shares. Raymond E. Kassar will settle without admitting wrongdoing and return 81875. Dennis D. Groth contests the complaint, claiming his sales were for investment reasons amid Atari's strong 1982 outlook.
The Dow Jones average rose to 1,260.77 on Monday as investors cheered a nascent economic recovery. Citibank warned of a later recession and higher inflation, while Treasury data showed a growing budget gap. Auto makers raised prices with Chrysler GM and Ford announcing new model price hikes.
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