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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 29, 1978
Page
2
New York markets surged in April as the Dow Jones rose to a five month peak, aided by strong volume across NYSE and broad indices. The week saw record shares trading and mixed sentiment as institutions balanced greed with skepticism amid the miniboom.
Franklin County Court of Common Pleas approved a consent order permitting about 150 shareholders of Consumer Corporation of America to sell their shares back under an escrow funded plan. The deal follows a $60,000 deposit, totaling $160,000 for potential reimbursements, tied to consumer fraud suits in Ohio and Florida over pyramiding schemes.
Daylight saving time starts Sunday at 2 am in most areas. Set clocks and watches forward one hour before sleeping tonight. Washington AP reports the nation moves clocks ahead as spring begins.
Norwalk area man William H. Krueger 22 was arrested by Huron County deputies on a secret grand jury indictment. He faces grand theft charges related to selling stolen Pepsi cases after delivering partial orders to area stores. He has been jailed since early Tuesday.
Coup leaders declare victory and shut borders as Radio Kabul says the Military Revolutionary Council rules Afghanistan. Reports say Daoud and brother killed, up to 200 dead in Kabul fighting, with some family members seeking refuge at the French Embassy.
The Elyria Telephone Company reported a 90 minute outage on Friday in the 323 and 329 exchanges due to a minor programming change in a company computer. Incoming and outgoing calls could not connect after 2 15 p m. The issue was fixed shortly before 4 p m.
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