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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 08, 1985
Page
11
AP dispatch from Columbus notes retailer deliveries of eggs across major Ohio cities. Extra large cartons 53 to 56 cents, large 50 to 55, medium 39 to 48, small 33 to 37. Producer reports light loading with few hens available.
AP report lists copper at 64.3 to 67 cents per pound, lead 2023 cents per 2 pounds, zinc 45 cents, tin 5.8644 dollars, aluminum 46 cents, gold 302.30 per troy ounce, silver 60.46 per troy ounce, mercury 315 to 323 dollars per 76 pound flask, platinum 281.50 to 284 dollars per troy ounce for domestic merchant trade.
Lorain County Farm Bureau Cooperative Association Inc reports yesterday's market close bids for local grain. Wheats at 315 per bushel, Shelled Corn 269, Oats 215, Soybeans 556 per bushel.
Creston had 367 consignors selling 1011 head Monday with one dairy cow at 610 and two goats at 2750 836. Loads of hay and straw priced per ton. calves hogs cattle and bulls listed with multiple price bands. Notable items include choice calves 80 to 92, good calves 60 to 80, steer and heifer prices across several grades, sows and boars priced, and feeder cattle and heifer ranges noted for buyers at the Creston sale.
LTV Steel and Sumitomo Metal Industries reach a plan to form L-S Electro-Galvanizing Co to produce galvan ized flat rolled steel in Cleveland. The project costing over 125 million dollars targets spring 1986 operation with annual output near 500 000 tons for automotive use.
Diamond Shamrock Corp and Occidental Petroleum Corp canceled a $3 billion merger hours after formal announcement. Diamond directors rejected the deal claiming it was not in shareholders best interests. Both firms released a terse statement saying they had terminated the agreement.
Evendale Ohio based General Electric and the US Air Force reached an accord on correcting deficiencies that led to a 30 percent monthly payment withholding of about $8.5 million on a military jet engine contract. GE officials cited no open issues while Air Force officials noted past safety and quality concerns across purchasing work measurement and safety programs.
The piece argues that Social Security recipients form a powerful political bloc, pressing for benefits while benefiting from high interest rates. It questions Reagan's pledge not to cut benefits, notes bipartisan pressure for a freeze, and cites figures on lifetime tax payments versus monthly retirement benefits. It suggests the system’s pay-ins may not match future outlays.
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