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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 22, 1982
Page
7
Public notices and brief items from Elyria Ohio include local events, civic updates, and community announcements dated Wednesday December 22 1982. This compact page records official actions, upcoming meetings, and small news items affecting residents.
Lorain County employers expect to hire only 7 percent in Q1 1983 with 10 percent planning cuts and 83 percent unchanged. Nationally 14 percent of 11,200 urban employers anticipate hiring next quarter, with 18 percent last year. Nordson orders 2.5 million for packaging lines. American Greetings reports nine month earnings up 34 percent, and gift trends rise. Security Federal begins InstaNet ATM service. New York City costly rents cited. Cleveland rents lower. US car safety data favor domestic models over Japanese rivals.
A Japanese beef buyer inspects a carcass at the Tokyo meat market auction where a single carcass can fetch as much as 4000 dollars. The Japanese live stock industry blocks American beef imports, highlighting the broader U.S. Japan trade dispute.
Stocks showed a mixed open with the Dow down 1.01 at 1,029.25 in the first half hour while NYSE advancers outpaced decliners about 2 to 1. Comsat led volume at 77 percent with a public offering of 1 million shares.
The economy shows a near 2 percent annual GNP decline for Oct–Dec with durable goods orders up 1.9 percent in November. The Dow gains 25.75 to 1030.26 as traders eye potential Fed rate cuts amid easing inflation and steady real earnings.
The Labor Department notes Cincinnati consumer prices up 1.3 percent driven by a 2.8 percent rise in housing costs from September to November. In Cleveland, grocery costs fall 0.7 percent as dairy and fruit prices ease, while meat prices rise. Nationwide inflation sits at 4.5 percent with a 0.1 percent November gain.
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