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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 23, 1972
Page
4
Columbia officials describe the gas crisis as a vicious circle amid rising prices and limited supply. Melntive urges reforming plants and federal action as industry warns of outages, higher costs, and reduced electric generation.
The Paris peace talks stalemate spurred a selling week on Wall Street with the Dow Jones industrials sliding from Friday to Monday, then fluctuating as investors feared renewed North Vietnam bombings. Turnover reached 43.87 million shares as analysts warned of higher rates and continued pressure on issues.
The week ends with mixed moves across markets as highs a dull session with Polaroid, Black & Decker, and Chesebrough-Ponds show declines. Giants like American Metals and West stocks hold firm while midwest shares drift. News notes emphasize computer firms and bond activity in a waning week.
Market observers describe a cautiously rising trend with growing volume on major exchanges. Analysts note a 5 percent rise in the ratio of American to New York exchange turnover, while expectations point to a potential new advance after a consolidation phase despite inflation concerns and external uncertainty.
Michael D. Valan of Avon elected assistant vice president of Cleveland Federal Savings and Loan Association and named chief appraiser and manager of the appraisal department. Leister Leistea named general manager of Pacific Intermountain Express Co. Charles Waters retires from Lorain Works with past roles in engineering and Navy service. Leshartee Drothelere and Yves McKimmiêng noted in Cleveland area positions. multiple career moves and retirements across Lorain and nearby firms.
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