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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 07, 1975

Page

4

Energy plan to require sacrifice eyed by Ford admin

Treasury Secretary Simon said President Ford will unveil a tough energy conservation program on January 20 that will require personal sacrifices from Americans. He hinted at tax cuts and help for the unemployed while Greenspan warned recovery will be slow and unemployment may rise this year.

Washington Treasury William Simon Ford Alan Greenspan Greenspan Council of Economic Advisers Joint Economic Committee New Orleans American Farm Bureau Federation

Gunman hijacks plane at London Heathrow

A gunman seized control of a British Airways flight at Heathrow after landing from Manchester. He held a stewardess hostage in what authorities call an apparent hijack. Passengers had already disembarked, and the hijacker reportedly demanded to go to Paris.

London UPL British Airways Heathrow International Heathrow Manchester Paris

Steel mills stay busy as auto plant shutdowns bite

In Pittsburgh the nation's steel mills remain productive while auto production stalls. Major steelmakers redirect shipments from Detroit to other big buyers, shielding thousands of auto workers from layoffs as the broader downturn unfolds.

Pittsburgh API Detroit Republic Steel Corp

Americans ignore gold rush of seventy five auction

Washington reports the UPI account of the government sale of 2 million ounces of gold, where 38 percent sold and most bids came from foreign buyers while Americans offered few high bids. Treasury Secretary William E. Simon praised the effort as a safety valve against inflation and a misreading of gold as an investment. The highest bid reached $185 per ounce by Herff Jones Co., with an individual top bid of $181 by Robert W. Holt. Most bids arrived by mail. some bidders attended in person, including Eugene A. D Onofrio who offered $120 per ounce but was rejected.

U.S. Treasury Treasury William E. Simon Treasury Department Herff Jones Co Indianapolis Robert W. Holt Federalsburg Eugene A. D'Onofrio Baltimore London Zurich Washington

Sohio and BP plan $150 million Alaska pipeline notes

Sohio and British Petroleum announce notes worth 150 million dollars to be sold later this month to finance the trans-Alaska pipeline. Sohio Pipe Line Co and BP Pipelines Inc form a joint finance entity, with 68 percent and 32 percent ownership respectively, and TRE Finance Branch will relend proceeds to the pipeline companies under parent guarantees.

Cleveland trans-Alaska Standard Oil Co Ghia British Petroleum Co., Ltd Sohio-Bp Trans Alaska Pipeline Finance Inc Securities and Exchange Commission Sohio Pepe Line Co BP Pipelines Inc TRE Finance Finas Sohio Pape Line Co

K Mart to Freeze Prices on 1000+ Grocery Items for 40 Days

K Mart Food Stores will suspend prices on more than 1,000 grocery products for 40 days from Tuesday, covering private labels Camelot Meadowdale and Squire. The stay runs through Feb. 15 across 44 stores in six states including 19 in Ohio with special shelf labels marking frozen items.

K Mart Coy Wright Camelot Meadowdale Squire Wright Ohio

Chocolate candy prices rise again this year in 1975

Washington reports that consumer demand slipping and a larger crop push candy prices up while wholesale cocoa prices ease. The Agriculture Department notes a smaller 1974-75 world coffee crop yet higher than 1973-74, with Brazil boosting cocoa estimates by 5,000 tons to 1,720,000 tons. Retail candy costs are likely to keep rising as pass-throughs from sugar and cocoa costs continue.

John P. Roche American Iron and Steel Institute Roche Washington UPI Agriculture Department Brazil

Strategies for the Harassed Bill Payer review

George Belden outlines how debt collectors wage a psychological battle and ranks creditor groups by top and poor tactics. He cites banks finance firms credit cards IRS and student loans as highly effective targets, while doctors hospitals and retailers fare worst. Belden faces criticism from Consumers Union for promoting irresponsible debtor behavior.

Grosset & Dunlap George Belden Belden Belden Sard Internal Revenue Service AAA Belden Wroie Consumers Union National Association

Market pauses after four day Dow rally

New York stocks eased in profit taking after a four session rise. The Dow Jones average dipped fractionally while declines led advances 8 to 7 on the NYSE as analysts said a pause was due after a 35 point rally since the start of last week.

New York New York Stock Exchange UPI

Ashland Oil to Run Four Refineries Despite Strike Threat

Ashland Kentucky AP—A midnight strike planned by the Oil, Chemical and Atomic Workers Union would not affect operations at Ashland Oil Inc. refineries where OCAW workers are employed. Company spokesman Mac Zachem said all four refineries could run indefinitely with company and non-union personnel, as negotiations for a new contract continue to avert a wider industry stoppage.

Ashland. Ky Oil, Chemical & Atomic Workers International Union Ashland Oil Inc OCAW Mac Zachem Ashland Zachem

New Cedar Point chief named to run recreation center

Robert Munger Jr., 46, an insurance executive and former Cedar Point director of 15 years, was named chairman and CEO of Cedar Point Inc. He left Johnson and Higgins of Ohio as a senior vice president to accept the post. He succeeds the late Emile Legros who died in January.

Sandusky Cedar Point Inc Midwest Robert Munger Jr Cedar Point Johnson and Higgins of Ohio Munger Emile Legros

Chronicle-Telegram fragment notes local items unrest

Fragmentary Chronicle-Telegram text references addresses and numbers with unclear context. Jagged lines mention Jam 7 195 No 7 Second Glass Mal and Chevelend 77 52 with scattered figures and prices. Readers should verify the details from the full page.

Eira Chevelend

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