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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 27, 1979
Page
3
Local grain bids at market close Monday show Wheat 2.45 per bushel Shelled corn 2.10 per bushel Oats 1.40 per bushel Soybeans 7.06 per bushel. The Lorain County Farm Bureau Cooperative Association reports these prices for area farmers.
Butter and eggs markets show weather related unavailability in Columbus and steady butter offerings in New York. Midwest wholesale egg prices mostly unchanged with Class 1 large at 52 and breaking stock 46 while stocks fell recently. Tandy Corp leads NYSE active list as American Motors Caesars World and AT&T rise or slide amid modest exchange gains. The AMEX value index gains to 163.36.
A millionaire shopper in a grocery store loaded up on Caviar Helper as inflation bites. The humorous item highlights how even the very rich feel cost pressures in daily purchases.
A University of Pennsylvania group and Morgan Guarantee foresee a modest but real upturn in the 1980s. They project unemployment easing to 4–5 percent, real growth near 2 percent, and inflation around 5–7 percent, with real growth from 2.7 to 3.8 percent depending on energy costs and policy. The decade could bring higher take home pay and a stronger dollar, though no boom is expected.
Detroit reports a shift as cars shrink for fuel economy and trucks rise in popularity. Sales hit a record 4.1 million trucks, about one for every three cars, with light trucks expanding to vans four-wheel drives and compact models. Industry executives cite versatility and dual use for work and recreation, while regulators push toward higher fuel economy and lower emissions targets.
Hi fi auto radios become a 1.5 billion industry facing growth pains and alleged anti competitive tactics by automakers. Independents push for FTC guidelines on amplifier ratings while a market shakeout looms amid rising imports and high end equipment. Major firms like GM and Motorola resist calls for restraint as dealers face pressure to favor factory lines over outside suppliers.
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