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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 18, 1978
Page
3
Stockbrokers expect profit taking today after Monday’s Dow Jones rise to a record 63.51 million shares traded on the NYSE. The Dow gained 14.09 points and the average reached 810.12 near its high for 1975, with three-day gains boosting confidence. Exchange turnover topped 1.8 billion dollars, as institutions with cash engaged in heavy buying before a potential pullback.
William J. Fitch elected president of the Commerce and Industry Association of Greater Elyria by the board. Other officers named include James Markle vice president and Jonathan B. Bates secretary. Bates to become executive vice president July 1. New and returning directors announced for three-year terms. Fitch, long with Elyria Savings and Trust, vows to pursue stronger state business leg relief and quality of life initiatives.
Highland Heights Ohio Front Row Theatre begins a new lecture series with former President Gerald R Ford headlining Monday at 8 30 p m preceding a 45 minute audience Q A The Singing Angels perform and proceeds go to charities Tickets are 5 and 10 sold at the Front Row box office and Ticketrow locations Customers of Columbia Gas of Ohio will see a rate hike next month The company will raise bills by 464 cents per 1000 cubic feet effective with May 12 bills The increase averages about 60 cents more monthly for typical use and reflects higher supplier costs Local governments were informed last week of the rise
Erik Schinegger formerly Erika Schinegger, who was banned from the 1968 Winter Olympics after a sex test, says he fathered a baby girl with Renate Schinegger. Doctors note mixed physical traits before surgery and report the baby born April 8 is in hospital for weight gain.
President Carter hosted a formal White House reception and concert honoring the Country Music Association. Stars Conway Twitty Loretta Lynn and Tom T Hall performed as guests enjoyed a two hour hootenanny style event with casual moments amid tuxedos and gowns.
An emergency standby gasoline rationing plan from the Department of Energy could raise prices to about 1.60 per gallon in a national crisis. It would take effect only after a presidential declaration of emergency and Congress approval, with public review due next month.
Ford Motor Co raises prices on the Pinto Mustang I and Mercury Bobcat by 1.9 percent, about $94 per model, lifting the Pinto Pony above the $3,000 level for the first time. The move aligns Ford with GM and follows a broader trend of rising small-car costs amid a stronger dollar.
Grain prices across regions show No 2 hard red winter wheat at 2.91 in NE Ohio and 2.748 in NW Ohio, No 2 shelled corn around 2.28 to 2.40, No 2 oats near 1.43 to 1.62, and No 1 soybeans ranging from 4.92 to 6.95 per bushel. Some values appear garbled or incomplete due to OCR, but indicate fluctuating commodity quotes with mixed stability across districts.
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