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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 30, 1985
Page
7
The New York market extended its decline today. The Dow Jones industrial average fell 2.76 points to 1,256.96 in the first half hour, following a two day drop totaling 25.06 points.
Ohio price report shows retail egg cartons delivered in major cities with extra large 54-59 cents, large 51-58, medium 47-52, small 36-40. light-type hens reported as too few to value.
New York AP reports yesterday closing prices on the Comex for metals. Gold at 325.10 per troy ounce and silver 63.63 per troy ounce. Aluminum 48.35 cents a pound. copper 71.54 to 71.74 cents. lead 20-21 cents. zinc 45-47 cents. mercury 303.23 per 76 pound flask. platinum 277-280 per troy ounce.
Lorain County Farm Bureau Cooperative Association local grain sale closed with Wheat at 315 dollars per bushel Corn 278 dollars per bushel Oats 2 10 dollars per bushel Soybeans 5 71 dollars per bushel Columbus market figures show strong grain demand at closing.
Coca Cola used secret meetings code names shredders and deceptive memos to conceal the formula change for nearly four years. The change was announced last week and kept in a bank vault at Trust Co. of Georgia.
Atlantic Richfield Co announced a $1.3 billion retrenchment plan including selling 2,000 gas stations in 11 states and the District of Columbia and closing its Philadelphia refinery. The move trims ARCO to about 2,000 stations in five Western states, Ferries a Houston refining complex, and offers severance or pension plans for employees. The company also raised its annual dividend to $4 and aims to buy back over 20 percent of stock in 19 months.
The Purchasing Management Association of Cleveland reports 34 percent of firms saw better employment in April the strongest hire level since last summer. The survey notes more backings of laid off workers, seasonal hiring, steadier production and inventories, with prices steady to lower and offshore purchasing rising as the dollar strengthens.
The Treasury sold 6.85 billion dollars of three month bills at 7.87 percent, up from 7.62. An equal amount in six month bills fetched 8.11 percent, up from 7.87.
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