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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 08, 1994
Page
9
Wall Street recovered about a third of Friday’s losses as investors bought bargains, lifting the Dow Jones industrial average 3490 points to 8906.32. IBM led gains after a Friday drop, while analysts attributed the rally to bullish investor psychology and a belief declines offer buying opportunities.
Coca Cola Classic unveils a wave of new commercials produced by Hollywood talent agency Creative Artists Agency and others. The ads feature animated polar bears, dancing NBA uniforms, ice cubes, and a Paris set piece as Coca Cola marketing chief Sergio Zyman promotes emotional icons to differentiate the brand. Coke’s market share rose to 20.1 percent last year amid cautious critique from industry observers.
AAA Ohio Motorists Association finds self serve unleaded regular averaging $1.05 per gallon, down from $1.03 last month. Mid grade unleaded drops a third of a cent while premium rises 16 cents, signaling stabilization after cold snap.
Erie Shores Computer Inc will stay in Lorain County with a new Griswold Road building after founder Larry D. Jones considered moving operations to Columbus. He consolidates three offices into one HQ and training center, expanding training and installation while maintaining a Columbus branch led by his daughter. Jones aims to stay in the new location for several years, evaluating headquarters location every year or two.
Creston livestock consignments include 939 head with mixed cattle hogs and calves. Hay, straw, firewood valued, prices show hay 65 to 80 per cutting, cattle varied with steers 64 to 72, Holsteins 55 to 67.50, feeders 57 to 87, total consignors 367. Gold and metal quotes from New York markets show Comex prices for gold 37890 per ounce and copper 8980 cents per pound.
Lorain County Farm Bureau Cooperative Association reports closing grain values with wheat at 37 dollars, shelled corn at 284 dollars, oats at 150 dollars, and soybeans at 845 dollars per bucket. Prices indicate notable activity across crops, reflecting prevailing market conditions for local farmers.
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