This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 18, 1980
Page
6
The Commodity Exchange Inc known as Comex in New York at the World Trade Center emerged as a fast growing metals venue amid volatility in silver markets. The exchange, the nation's largest for metals, showcased a sparkling performance last year as industry demand surged.
The New York Stack Exchange and major exchanges were closed for President's Day. Gold and silver prices surged as Comex volume rose 44 percent to 13 million contracts amid a broader industry jump, while silver faced a sharp volume drop and fears of a squeeze.
City Bank Co of Lorain announces at its North Ridgeville Jaycox and Center Ridge Roads branch that its annual meeting will be held at 10 a m on March 12. Shareholders of record as of March 5 may vote on a 10 percent stock dividend raising capital stock to 1.4 million and on setting the board at 13, with 13 directors to be elected from the current proxy slate.
Chrysler Corp will stop operations at the Fostoria Foundry in April, affecting 300 hourly and 75 salaried workers. The closing aligns with cost-cutting in the Treasury plan, leaving Detroit and Indianapolis as the two larger foundries. The 117 acre Fostoria site began in 1912 and was bought in 1973. Chrysler will try to reassign eligible workers.
Wis. Senator William Proxmire accuses HUD of dragging its feet on providing data the IRS needs to review interest deductions on HUD held mortgages. He cites a GAO finding that owners may claim deductions not tied to actual interest, risking $200 million in unpaid taxes and urges HUD to cooperate before the April 15 deadline.
James Russell reports that oil stocks such as Mobil Gulf Exxon remain strong despite windfall taxes and public criticism. Analysts including Kenneth Meyer of Josephthal & Co and others foresee continued appreciation, noting high crude prices, potential earnings resilience, and ongoing demand for energy equities.
The ENA no strike and guaranteed wage hikes that guided Steelworkers talks since 1973 may fail to survive the 1980 bargaining round with nine top producers. Analysts say rising labor costs and weak productivity threaten the industry as imports surge and talks hinge on pension gains and plant closings.
WINAMAC Ind For Ford Motor Co safety consultant Donald Huelke will testify that Ford was not informed rear end fires were a major hazard and that when such crashes occurred fires were rare and at high speeds. The defense argues real world data showed limited risk and may minimize injuries with small vehicle changes. Prosecutor Cosentino says he will present counter statistics if defense witnesses rely on numbers.
Ohio Governor James A. Rhodes' administration seeks to defuse acid rain tensions by coordinating with Pennsylvania on emissions. Ohio EPA head James McAvoy met with Pennsylvania's environmental chief Clifford Jones, with more meetings planned. Pennsylvania officials, led by James Salvaggio, push back over sulfur dioxide rules and plant operations, while McAvoy prepares to testify before Congress on February 26 alongside New York, Connecticut, and Maine authorities. EPA Administrator Douglas Castle aims to hold a regional conference within 90 days.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.