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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 22, 1985
Page
4
In New York the Dow Jones average fell 1.10 to 1,277.94 in the first half hour as investors priced in higher rates. Early NYSE totals showed 4 losers to 3 gainers, with concern rising after Fed Chairman Paul Volcker indicated no further easing.
Readable OCR fragment reports egg price details for retailers in major Ohio cities with mentions of extra large and small sizes, percentages, and delivery notes. The text references Midwest producer cooperatives and quotes on stock breaking with figures like 43 and 47, though many parts are garbled.
The article lists metal prices including lead at 70 cents a pound zinc at 43 cents a pound and copper at 60 to 70 cents a pound. It notes gold around 2 6171 per ounce and silver near 70 cents per ounce with various market figures and weekly comparisons.
The closing market shows grain prices with wheat around per bushel and corn and oats listed in uncertain figures. Names and places are unclear due to OCR errors but the notice records price data for grain trading.
A Realtors association survey shows higher home prices in 1984 versus 1983 across most major cities, led by Boston with a 21.1 percent yearly rise and a 23.4 percent jump in Q4. New York saw a 14.2 percent quarterly gain. Rochester up 10 percent. California markets eased due to abundant supply while prices stayed above $100,000 in many metros.
In 1984 Ohio sold 138,300 existing homes, up from 129,100 in 1983, and ranked sixth nationwide. Median prices rose in Cincinnati and Columbus, while Cleveland reported 62,700 but lacked 1983 figures. Nationwide price trends varied with several large markets posting gains or declines.
The Bank of Boston acknowledged poor judgment after admitting it allowed a reputed mob family led by Gennaro Angiulo to conduct multimillion dollar cash transactions that escaped reporting rules. Regulators noted prior exemptions and the bank says it has revised its exempt list and implemented computerized controls to ensure compliance.
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