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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 23, 1983
Page
3
AP dispatch notes Ohio farm egg sales to retailers show price ranges for Large A and Medium cartons with most figures around 109 to 118 cents. Hens light type too few to report. Chicago wholesale buying prices yesterday were unchanged, per mutals report.
Loram County Farm Bureau Cooperative Association lists yesterday's grain close bids. Wheat at 329 dollars per bushel, Shelled Corn 3.43 dollars, Oats 1.65 dollars, Soybeans 7.10 dollars per bushel.
AP reports yesterday spot nonferrous metal prices in New York with copper at 67.58 to 67.70 cents per pound lead 24 to 27 cents zinc 49 cents and tin at 20.83 cents. Metals Week composite lists aluminum 81 cents per pound and NY daily quotes show gold 378.90 dollars per ounce, silver 0.87 dollars per ounce, mercury 52,000 to 34,000 dollars per 76 pound flask, and platinum 38,500 dollars per troy ounce.
The Continental strike rivalry escalated as pilots offered a 5000 dollar reward for information on executive stock sales before the company filed for Chapter 11. Company officials defended the trades as routine while promising to resume bargaining and deny any union breaking, as about 400 pilots remained off duty.
United Airlines says it will cut discount fares on selected Denver and Houston routes by up to 40 percent to match Continental and Frontier. British Airways lowers trans Atlantic fares up to 31 percent with U S rivals matching. Pieimont Airlines to begin coast to coast service. UAL stock falls as investors fear renewed fare wars compress profits. Fares valid Jan 6 to Feb 28 with a $10 increase from Feb 1 to 29.
The FTC voted 3-2 to tentatively approve a GM Toyota joint venture to produce small cars in the United States. The consent decree limits information exchange and caps production at 200,000 units annually for 12 years. Critics like Lee Iacocca condemn the deal as anti-competitive and secrecy, while others foresee possible delays by rivals.
A Chicago medical journal reports Procter & Gamble hid laboratory data linking its Rely tampon to toxic shock syndrome after market removal in 1980. University of Wisconsin tests and internal replications were allegedly kept under wraps until a Texas case allowed testimony.
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