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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 14, 1980
Page
11
Stocks drift lower in early trading as investors await government data on industrial production housing starts and GNP. The Dow fell 4.01 to 787.54 with Texaco down to 34 and Occidental Petroleum steady at 22 while the prior week closed higher by 7.42 points.
Pittsburgh based United Steelworkers leaders prepared for a contract vote as negotiations with nine major steel firms neared a deadline set at the William Penn Hotel. Talks could extend to Tuesday if needed. a news blackout limits detail while a final proposal aimed to cover 450,000 members takes effect August 1.
The Indianapolis Symphony posted a $400,000 profit last year and oversubscribed its $5 million endowment drive by $1 million. The orchestra, started in 1930 by unemployed musicians, now features a $10.5 million endowment and diverse programming, including classical, pop, and youth concerts.
A photo depicts ruble notes and kopeks in the Soviet Union where value is set by authorities. The text notes ruble exchange values: 21 cents at a Swiss bank, three cents at a Middle East moneychanger, and 1.52 dollars at a Moscow hotel.
UPI reports Jerome Kurtz, IRS Commissioner, says about 10 percent of income by legal professionals is unreported costing 13 to 17 billion dollars. Illegal activities including narcotics, illegal gambling, and prostitution add 6 to 9 billion. Kurtz notes heightened audits targeting self employed, tipped workers, and small rental landlords.
A national Secretaries Week seminar for professional secretaries will be held April 26 at Lorain County Community College from 8:45 a.m. to 1 p.m. Mini-workshops cover role juggling word processing assertiveness training employment laws and affirmative action career planning money and time management. The Cascade Chapter of the National Secretaries Association co sponsors the event with LCCC's community education division. Registration continues through Friday in the community education division.
Positive tension over wages and dividends drives audits as 80 percent of about 500 million documents are matched against 93 million individual returns. Taxpayers face a Tuesday filing deadline for 1979 returns unless extended with refunds averaging 590.53. Most file early. those owing tax tend to file later, IRS says.
Twenty three Pfaudler Co. workers were honored for long service at the 30th annual Old Timers Club banquet. Berton Bridge and Herbert H. Carlson presented a 25 year watch to Albert Agron while others earned 40, 35, 30 and 20 year recognition. Retirees and new officers were announced.
Lake Castings Inc purchases Cast Supply cast weld rod business in Hubbard including machinery processing facilities inventory and know how. Lake Castings aims to expand into ferrous and non ferrous weld iron with Rainbow Red Division and expects equipment install at Sandusky facility within 90 days. Job impact to be assessed. price not disclosed.
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