New IRAs Offer Tax Shelters for Savings Bond Holders
Financial counselor Ray DeCrane explains how after Jan 1 IRAs will be available to all earned income earners, allowing bond holders to cash E bonds with tax due then roll funds into an IRA up to 2000 or 4000 for couples to defer taxes and gain higher yields. He warns of 10 percent early withdrawal penalties and notes potential tax brackets affecting savings.
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U.S
Ray DeCrane
Decrane
Cuyahoga Savings Association
New Ira
Kidron Auction Sees Heavy Consignments Across Hog Calf and Cattle
Kidron consignors packed the Thursday sale with over 900 feeder pigs and 300 calves, dairy cattle strong on Holstein springers, and hogs down slightly yet active. Holiday schedule changes note no sale Dec 24 with Dec 26 as a market day and regular sale Dec 31. totals show 2,394 head from 558 consigners including horses at $47.50 to $56. Total cattle and livestock values range across steers, cows, feeders, lambs, and goats with documented price bands.
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Kidron
Grain prices in Ohio by region at market close
UPI reports average cash grain prices paid to farmers in Ohio by elevators across Northeast Northwest and Central markets after closing Thursday before today’s open. Wheat, corn, oats and soybeans show regional bids with small changes and a note on Lorain County Farm Bureau Cooperative Association bids.
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Columbus
UPI
Ohio
Loram County Farm Bureau Cooperative Association
Io Local Eran
Shelledee
Faroe
Cleveland area CPI climbs 6.9 percent in year to Oct 1981
The Cleveland area CPI rose 6.9 percent from Oct 1980 to Oct 1981 reaching 282.8 with US city index at 279.9. Public transportation saw the steepest 12 month rise at 33.5 percent due to higher RTA fares while oil fuels and electricity also climbed. Some categories like meats and footwear edged lower.
MENTIONED IN THIS ARTICLE
Greater
Cleveland
Federal Bureau of Labor Statistics
United States
Lic Transportation
RTA
Auto sales down 16.4 percent as layoffs rise nationwide
UPI reports November auto sales hit a 22 year low with 193,671 workers on indefinite layoff and 56,775 on temporary layoff. GM sees 99,000 indefinite layoffs. Ford and Chrysler also cut production while Volkswagen plans 271 indefinite layoffs and 4,850 temporary furloughs. Automotive News tallies 6,013,447 units built this year, up slightly from 1980.
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Detroit
UPI
General Motors Corp
Lordstown
Leeds
Ford Motor Co
U.S
Wall Street Journal
Ford
Chrysler Corp
American Motors Corp
Kenosha
Wisc
Toledo
Volkswagen of America
Automotive News
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