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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 20, 1981
Page
3
Homeowners flock to lenders to use inflated home equity for college costs debt relief and new homes. Banks stress that while rates on second mortgages run higher than firsts the overall cost can be favorable and terms extend 5 to 12 years.
The market turned downward in early trading as investors digested Federal Reserve data showing a 1.8 billion rise in the money supply. The Dow fell 5.49 to 1000.09 in the first half hour while NYSE losers led gainers 3 to 3 in early breadth.
Oil analyst Dan Lundberg notes a gasoline surplus keeps prices sliding as retailers compete to move stock. He cites record inventories, lower refinery utilization, and margins around 9.5 cents per gallon, with high pump prices hovering until inflation is curbed.
A concise CT News item previews global affairs with emphasis on major events and personalities shaping the week. It highlights ongoing diplomacy, economic developments, and cultural highlights while signaling comprehensive coverage across the newsroom.
Amtrak Lake Shore Limited serving Cleveland Elyria Sandusky and Toledo saw February riders rise to 23 909 up nearly 12 percent from 19 597 in February 1989. Year to date October through February fiscal 1981 totals reached 136 490 about 26 percent over 108 291 in 1980.
Component Service Inc of Elyria has been named to membership in the Irvine California based Manufacturers Agents National Association a 34 year old body representing 35000 professionals. RD Oldfield is president. the firm markets die castings screw machine products springs wire forms stampings molded plastics and powdered metal parts. The Greater Cleveland area ranks sixth in manufacturing establishments and employees in a regional survey covering 968 growth association reports.
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