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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 25, 1994
Page
10
Dear Bruce offers readers guidance on buying their first home, co signing, and roommate options while warning against risky mortgage decisions. A separate reader asks about excessive wear charges on a car lease and how to document vehicle condition before turning it in.
The trucking industry faces a potential $500 million bill to fit reflective striped tape on 3.6 million trailers if FHWA expands visibility rules to in service equipment. At $125 to $150 per trailer, costs would cover materials and labor as NHTSA already requires tape on new units since December 1, 1993.
Nearly 11 million vehicles were recalled in 1993, a 17 year high, yet officials say quality not declining. Government and industry monitoring point to more detailed investigations and proactive recalls, with GM leading at 4 million recalls followed by Ford and Honda. Roughly a third of recalls remain unrepaired.
The local stock page shows mixed results with grains ticking prices. Soybeans rise to 8.60 per bushel while corn and wheat firm. closing figures include oats at 1.50 and soybeans at 8.60. Farm business details reference Burwin Comparaive Associ. and local grain trades.
The Clinton administration scales back its plan to merge federal banking regulation into one agency. Treasury Secretary Lloyd Bentsen says the Fed will remain a major regulator for large banks while smaller bank holding companies lose direct oversight. The Fed has not endorsed the latest proposal, and negotiations continue as officials aim to trim regulatory costs by 15 to 20 percent.
The Kidron Auction lists 932 hogs and 1,179 feeder pigs with varied weights and prices, plus butcher sows, boars, calves, dairy cattle, cows, bulls, feeder cattle, sheep and goats. Also reports loads of hay and straw, cutting hay prices, oats, corn, and firewood per load.
Invacare Corp reports fourth quarter earnings of 51 cents per share and full year 1.50, with net income 75 million for Q4 and 22.1 million for the year on 365.4 million in net sales. Chairman A Malachi Mixon III credits strong domestic sales and expense control as European markets stabilize. Strongsville notes a first quarter dividend of 11 cents per share, paid March 30 to shareholders of record March 15, marking 15th consecutive year of higher payout.
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