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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 14, 1984
Page
2
New York AP reports the stock market turning up as evidence of a cooling economy appears. The Dow Jones average of 30 industrials climbs 5.07 points to 1,225.15 in the first half hour of trading.
AP report shows eggs sold to retailers in major Ohio cities with carton deliveries. Prices for extra large white 68 to 71 cents, large 67 to 70, class 1 large wholesale 14 dollars, class 2 large and mediums smalls 35 cents. Nest-run stocks noted with limited demand and fluctuating bids.
Spot prices for COPPER 64 to 67 cents a pound destination SEAL 28 to 32 cents a pound ZINC 48 to 50 cents a pound TIN 6.2758 dollars per pound GOLD 343.50 dollars per troy ounce SILVER 7.62 dollars per troy ounce MERCURY 293 to 305 dollars per 76 lb PLATINUM 328 to 336 dollars per merchant troy ounce Aluminum data unavailable Metals Week composite index noted.
Lorain County Farm Bureau notes yesterday market bids with Wheat at 3.18, Shelled Corn 3.25, Soybeans 6.33. Creston sale lists 357 consignors, 977 head of livestock, calves to 72.50, hogs and sheep priced, cattle bids incl. choice steers 65 to 67.85, Holstein steers 45 to 60, cows 38 to 45, feed prices cited and various hogs, shoats, and bulls.
U S government officials report short term Treasuries dipped in auctions with three month Tbills at 10.49 percent discount and six month bills at 16.63 percent. The yields mark the lowest since late July and imply actual returns of 10.93 percent for three months and 11.39 percent for six months.
The City of Elyrics provides a federal funded program for owner occupants and landlords in the Target Area to receive up to three free 100 ampere circuit breaker panels with breakers. Participants must bring property into City Electrical code compliance. contact Dept F Community Development at 323-7722 for details. The city states it does not discriminate by race, religion, color, sex, national origin or handicap.
The Federal Reserve Board approved National City Corp and BancOhio Corp merger creating Ohio's largest commercial banking group, noting debt levels raise concern but do not block the deal. It plans to bolster capital post acquisition while offsetting concentration fears as Ohio remains moderately concentrated. Holding company assets total $6.6 billion. awaiting shareholder votes in Cleveland and Columbus in September.
Ford Motor Co recalls 361,900 1981 to 1984 model cars because non-reclining front seats may damage seat belts in high speed crashes. About 360,000 Escorts Lynx four door sedans and wagons and 1,900 Tempo and Topaz four door sedans are affected. belt webbing could contact trim and deform or break, risking belt damage.
NASA's Lewis Research Center awarded a 260.3 million dollar contract to an industry team led by RCA Astro-Electronics for the Advanced Communications Technology Satellite project. The deal aims to boost 1990s satellite capabilities and supports a 1989 Space Shuttle launch.
The piece argues that the Conrail privatization plan risks shortchanging taxpayers. It notes $7.5 billion invested, near-term profits, and $800 million cash with a $3 billion net worth, while critics say the government rushes to sell for about $1 billion. It highlights bidders like J Willard Marriott Jr. and the Bass brothers and warns politics may delay action until after the election.
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