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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 10, 1981
Page
13
Lorain County Farm Bureau Cooperative Association lists grains at market close yesterday. Wheat 3.95 per bushel shelled corn 3.23 oats 2.60 soy beans 7.59 per bushel.
Disjointed AP wire data shows butter and egg prices with bulk carton costs and varied scores. Notes indicate Columbus and Chicago markets with cattle and poultry values, and average wholesale prices near 93 to 325 per unit in some lines.
Three Clevelanders indicted for trafficking talwin in Lorain County were convicted in common pleas court Thursday. Robert McDowell received 2 to 5 years at the Columbus Reception Center after a jury verdict. George Jelovick and Roy Clingan were found guilty and referred to the probation department for investigation before sentencing.
The Kidron livestock market carried a large Easter sale with 2,951 head consigned. Hogs topped at 43.45 per cwt while beef cattle held steady. feeder pigs near 1 per pound. Calves, sheep, and dairy cattle saw varied prices, with totals and loads detailed for Thursday’s auction.
UPI reports after market close through today the principal marketing areas of Ohio show average cash grain prices per bushel. No 2 wheat stands around 4.11, No 2 oats near 2.35, with smaller figures for other listed grades.
Spot copper and lead futures show small gains while aluminum edges lower. Prices remaining volatile with weekly Metals Week data showing varied shifts in bullion and alloy markets. traders watch currency moves and demand signals from industrial users.
Lorain National Bank directors approved a 4 percent stock dividend, a 16 percent stock sale, and re elected 17 directors at the annual meeting. The 4 percent dividend adds 16 204 shares to reach 422 827 outstanding. Shareholders may buy 40 753 shares at 33 per share for 10 held with proceeds to retire subordinated notes. Deposits rose 6.3 percent to 162.6 million in 1980 loans up 36 percent to 115.1 million and total resources to 184.5 million.
U S Steel Corp and Sohio announce sale of about 28 percent of U S Steel coal reserves to Standard Oil Ohio for roughly 700 million dollars. The Cumberland Mine and other reserves in Greene County Pennsylvania and reserves in West Virginia Utah and Vermilion County are included. Robena mine excluded. Transaction expected to close in late 1981 pending conditions.
Ford Motor Co launches the EXP and Mercury LN-7 with 1.6 L Escort engine, hatchback design, and fuel economy of 28 mpg city 43 mpg highway. Prices start at 7253 and 7750. Frey cites strong demand ahead of sales.
Ford will not raise car prices in April to maintain momentum while GM increases an average of 351 dollars per 1981 car. Chrysler structuring a new management team with Gerald Greenwald elevated to vice chairman as GM and Ford weigh future price moves.
Amherst American Legion Post No 18 announces Honey an all woman five piece band will perform from 9 pm to 1 am each Friday and Saturday in April with a quota party at 6 30 pm on April 29 Members must have 1981 dues paid to attend the party.
A Thursday log lists an attempted heft from a vehicle on Him Road Eaton Township and thefts from residences on Marks Road Columbia Township and Parsons Road Rusna Township. Additional entries include a stereo theft at Columbia High School and multiple car and bicycle thefts along Snell Road Island Capel roads Ridge Road and Sheffield Street.
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