Banks cut prime rates. big banks roll back to 19 percent
Ten leading banks including Chase Manhattan and Morgan Guarantee trim prime lending rates to 19 1/2 percent, widening the gap with other banks at 20 percent. Citibank reduced to 19 1/2 percent, the first major bank move from the sky-high rates for corporate lending. In Columbus, grain elevators post Thursday close prices across Ohio markets with No 2 wheat at 3.53 in Northeast Ohio and No 1 soybeans at 5.35 in the same region.
MENTIONED IN THIS ARTICLE
New York
UPI
Chase Manhattan
Morgan Guaranty and Chemical
Citibank
Chase
Morgan Guraranty
Columbus
Ohio
Grain prices at Lorain County market close
The Lorain County Farm Bureau Cooperative Association reports closing prices for grains: wheat 3.47 per bushel, shelled corn 2.35 per bushel, oats 1.70 per bushel, soybeans 5.60 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Egg price roundups report steady markets across states
Butter and eggs news from Columbus New York and Chicago shows steady retail and farm prices. Ohio farm poultry prices list light type five and a half dollars with varied egg carton deliveries to retailers. Midwest wholesale egg prices last reported slight decreases and increases with extra large at forty three cents and large at forty two cents.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
New York
USDA
Chicago
Midwest
AA Helps Many Overcome Drinking Problems
Alcoholics Anonymous helps people with drinking issues without dues or charges. Members stay sober by helping others reach sobriety and maintain confidentiality without publicity.
MENTIONED IN THIS ARTICLE
Alcoholics Anonymous
New program could spur homebuyers
Washington to expand mortgage subsidies and cut builder financing costs aims to revive housing demand. The plan increases subsidized mortgage caps to 50000 and 60000 for high cost areas, and raises income eligibility for 11 percent mortgages to 150 percent of median income.
Housing plan eyed to aid buyers and builders nationwide
Officials outline a housing bill to liberate 160 million dollars in existing funds to subsidize mortgages for about 100 000 homes, on top of 18 000 units under the current program. Congress could act in two months as HUD would offer permanent financing for unsold homes at 14 percent. Separately, the Fed moves to aid small business and farm lending by allowing banks to borrow at 13 percent and reloan at 15 to 17 percent.
MENTIONED IN THIS ARTICLE
Cials
Congress
Department of Housing and Urban Development
Federal Reserve
Carlson
Real estate sales slump hits Chicago area firms
Declining new housing starts and high mortgage rates shrink the real estate workforce. National Association of Realtors losses top 10,000 members in a month as existing and new home sales plunge. Some firms cut staff while others consolidate offices. a few large firms report small staff gains amid tighter financing.
MENTIONED IN THIS ARTICLE
Chicago
UPI
National Association of Realtors
Robert Walters
Baird & Warner Inc
Susan Cooney
Shoreline Realtors
Boston Rally On Big Business Day Draws 3 000 Workers
More than three thousand Boston workers in hard hats gathered for a Big Business Day protest against corporate power. The event drew bright skies and carnival-like scenes as union members voiced anger over jobs moving to the Sunbelt. Jay Van Andel of the U S Chamber of Commerce dismissed Nader organized rallies as a flop, calling it zilch.
MENTIONED IN THIS ARTICLE
Chemical
Bankers Trust
New York
New York Stock Exchange
North
Olin Corp
O Owen
Pan Am Air
Am Airln
Phila Elec
Indus
Am Motors
T&t
Bove Rca CH Yad
Armea L
Cry Repub Steel
Bell How
Reynolds Mt
Bundix
Rockwell
Bobbie Brks A Bohm Hss
Basing Co
Eastern Air Westh
Eastman Kodak
Eaton Liz
Weyrhs
Exxon
Evans
Zenith Radio
Goodyear
Pierre B. Great Agp Smith Co
Greyhound
Toes Ltd
American Machine & Foundry
American Standard American Ship Building
Industries
Il Arp
Lear Siegler
Motorola
Monsanto
Tel
Nabisco
Midland
Ross
Smucker
Southern Co
Toledo Edison
Union Parifhc Corp Woolworth
F.W
Boston
U.S. Chamber of Commerce
Ralph Nader
Uranian
Joseph Gambino
Marshall
The
Electricians Union Local 103
Jay van Andel
Nader
Firestone to aid laid off workers with outplacement program
Firestone Tire & Rubber Co will run an outplacement program for about 8,500 workers at six plants in California Pennsylvania and Ohio to help them re enter the job market. Workshops clinics resume prep and interviewing training will be offered on company time with videotape guidance and each participant receiving 50 printed resumes. Information centers at plants will post openings provide benefit data and counseling.
MENTIONED IN THIS ARTICLE
Akron, Ohio
Also Mentioned on This Page
Northeast Ohio
Northwest Ohio
Central Ohio
Sigma No Transam Incom
Brit Cal Forest
Barber Greene
Borden Inc
ATS
Clorox Co
Fidelcor Inc
Johnson John
Litton Industa
Okla NalGas Oo
PPG
Indust
Scottys
Torstar Corp
Viacom
Regulai Am Cyanamid
Arm Indemnity
Archer Daniels
Barry
Calif Water Q
Dial Cor
Diaman Shamrock
Franklin el
Gibson Homans
la Gillette Co
Hawaiian el
Honeywell Inc
Hospital Trust
Indiana NulCo
Libbey Owens
Pentair Inc
Peoples Drug
Ralnier Baco AA
Santaye Water
Shearson Loeb
Smucker, JM
Sonoco
Stin Union
Ltd
UMC Indust
Wise
Wyman Gordon
Mutuals Amer-Wash Mutual
Dreyfus
Fidelity — Puritan
Variety
Mass
Fin
MIT
National
Union Soc
Vanguard
Syeat
Wellington
Elyria
Washington
Merrill Butler
National Association of Home Builders
Butler
Sui Pendale
Ckage
SLE
CIA
Shox
Detroit
Edwin Kraft
Kyocera Co
Federal Reserve Board
Yoshiteru Hamano
Kyoto Ceramic Co
Jack Carlson
Realtors’ Association
United Press International
Big Business Roundtable
Firestone
Business Builder
Star Building Systemis
Star Builders, Inc
Jue Aoe
Tappan
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