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The Chronicle Telegram in Elyria, Ohio

10 Dec 1979

Page 2

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The Chronicle Telegram December 10, 1979 Page 2 old newspaper archives

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Articles on This Page

This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Dec 10, 1979

Page

2

Stock prices slip in moderate trading in New York

In early trading on the New York market the Dow Jones industrial average fell 3.24 to 829.95 as declines outweighed gains amid uncertainty over Iran and a weaker dollar. Banking stocks slipped with rate cuts expected, Pfizer led activity as investors watched moves in currencies, gold rose slightly, and a separate suit was filed in common pleas court for 274 458 against Nowinski Greenhouse Inc.

MENTIONED IN THIS ARTICLE

New York Iran Tokyo Chase Manhattan Citicorp Pfizer New York Stock Exchange Farmers Production Credit Association Ashland Common Pleas Nowinski Greenhouse Inc East River Road Columbia Township NYSE American Stock Exchange Carbides Alte New York UPI US Steel White Motor Alcoa Woolworth Ly Macnuth Rado Pierre R Seth Co Am Motors T&t Armco Bell Howell American Machine & Foundry Ast Bendix American Ship Building Am Beth Steel American Standard Sah Bobbie Srks Ty Behave Boeing Ghia Edison Detroit Edis Parker Hannifin Dial Searle Djte Vets DuPont Smucker Eastern Air Bus Southern Co Kodak Sybron iv Eaton Toledo Edison Evans Exxon Union Partie Corp Firestone Woolorth Ford Motor Gen Foods Gen Motor Goodrich Ty Grace WY Greshound Ing Rand IBM Corp Kellogg Kennecott Kraft Any Kroger Luken Steel Id'y McLouth Steel Ty Mobil Corp Monsanto Blay Motorla Sir Nabisco Any Natl Steel Gypsum Trortk & Wa Ol Corp Peps Aid Xaih Philips Pet Polaroid PPG Indus Proct Ty Rahm Hess Rubbermaid Sears CelLica Sid Oil Ind Ohio M Tenney Texaco
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Army Offers Two Year Enlistment Plan

The U S Army introduces a two year enlistment option for high school graduates aged 17 to 34 seeking selected job opportunities. Enlistees may qualify for up to 7400 in the Veterans Educational Assistance Program when the enlistment ends.

MENTIONED IN THIS ARTICLE

U.S. Army
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GM Chief Murphy Sees Cautious Optimism for 1980 Economy

GM Chairman Thomas Murphy projects a milder downturn than 1974-75 and predicts a 1980 auto sales pace near 1979 levels at about 10.6 million units. He cites resilient U.S. economy, easing energy and price pressures, and steady world growth as underpinnings for a gradual recovery despite the yearlong slump.

MENTIONED IN THIS ARTICLE

Detroit UPI General Motors Corp Thomas Murphy U.S Murphy
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NASA to study turbine engine development aims for 1985

NASA’s Lewis Research Center announces a $56 million federal contract with the Department of Energy to develop an advanced fuel efficient gas turbine engine by 1985. The project includes an automotive research team and builds on prior experiments like a 100 horsepower turbine in a Dodge Aspen. The concept envisions a single shaft turbine with a continuously variable transmission.

MENTIONED IN THIS ARTICLE

Cleveland National Aeronautics and Space Administration Lewis Research Center Department of Energy Lewis DOE Huron Federal Reserve Bank of Cleveland Midwest Bank & Trust Co Firelands Community Bank of Huron Midwest Firelands Midwest Bancorporation of Ohio, Inc
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1980 Housing Hot Spots Forecast By UPI Survey

A UPI survey naming 10 housing markets expected to surge in 1980 includes Terre Haute Indiana Anaheim California Wheeling West Virginia Davenport Quad Cities Greensborough Winston Salem North Carolina Boise Idaho San Diego Duluth Minnesota Philadelphia and St. Louis. The study notes high rates reduce buyer activity but first time buyers aged 24 to 39 push condo purchases while down payments of 20 percent remain common and mortgage access stays tight.

MENTIONED IN THIS ARTICLE

Washington UPI Tiger Investors Mortgage Insurance Co Boston Terre Haute Ind Anaheim Calif Wheeling W. Va Davenport Iowa Quad Cities Greensborough-Winston-Salem North Carolina Boise Goss Denver Portland Ore San Diego Tulsa Orlando Fla Knoxville-Chattanooga Tennessee Providence R.1 W.va St. Louis Anchorage Alaska
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Inflation distorts corporate accounting across profits

Inflation erodes the reliability of standard earnings measures as firms inflate profits through price changes and depreciations. Analysts say inflation adjustments will reveal weaker real profits, higher effective tax rates, and greater debt use, with 1979 reports set to include inflation-adjusted data for top U.S. companies.

MENTIONED IN THIS ARTICLE

Harold Williams Securities and Exchange Commission U.S
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Also Mentioned on This Page

Greenhouse Army Byria Mon Middle East OPEC Federal Reserve Carter Administration Ohio Bell Woodrow Wilson White House Congress CEI NASA Whirlpool wAshen & Dryer Sale Supe Surgilator Agitator ONY Dan Wed SAT Elyria Sales &Serige Iron Cs Jackson W. Goss Tiger America Lee Seidler Bear, Sterns & Co Thomas’ Thorsen General Electric Co Reserve Bank OK Bancorporation Vermilion Berlin Heights Robert W. Berliner Arthur Young & Co Court and Broad St John B. Simpson Tay Fee Mid-Ohio Securities Ea Norwal Pitzer Park Hovey Kasearina William J Gomerford Een
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