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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 11, 1984
Page
3
The market opened higher in New York as the Dow rose 1.88 to 1140.18 in the first half hour and advancers outnumbered decliners. Analysts cited declines in the federal funds rate below 10 percent and a pause after a three month rise, boosting sentiment.
Yesterday’s nonferrous metal prices show copper at 76 to 79 cents per pound for four destinations in the US, lead at 25 to 28 cents, zinc near 3 dollars, tin around 63 thousand three hundred eighty two dollars, aluminum at 81 cents, gold quoted at 3835 dollars per troy ounce, silver 4275 per troy ounce, copper and zinc noted in unit ranges, platinum near 389 dollars per troy ounce.
Retailers in major Ome cities await delivery of butter and eggs from Columbus providers. Cartons include extra large 108102 large 106-111 and misty 9s 105. Poultry prices at Whi fatins remain light with hens to few to report.
Robert Penick reviews the 1986 Citation II built on the X-Car platform noting similar body styling to the original but with refined suspension, redesigned rear shocks, sport tires, and improved ride. The HO 2.8 liter V6 is punchy, with 0-60 under 10 seconds on the X-11 option, achieving 21.1 MPG over 239 miles. Base price starts at 7037 dollars. tested model reaches 11336 dollars, as testers praise handling and seating position.
The United States League of Savings Institutions reports first-time buyers reached a record 40 percent of all home sales in 1983. Among them, 46.1 percent bought homes 25 years old or older, driven by a shift from older homes as buyers moved up. Median prices varied by city size, with 1.5 million-plus metros at 80000 and nationwide at 65000, down from 72000 in 1981. The report links rates to demand while Volcker warns deficits could push rates higher.
U S Steel Corp will add a third shift at its Lorain Works continuous caster, with about 20 workers to begin pre production training within a week. The caster began with one shift late last year and a second shift was added in February, raising total staff to over six dozen, a company spokesman said.
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