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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 16, 1975

Page

3

Lorain County home builders hear cautious forecast

Elyria Mayor Leonard Reichlin North Ridgeville Mayor Charles Stuart Lorain County officials and bank executive Stanley Pijor addressed 5900 La Ninety-three home builders at Tom's Country Place in Avon. Reichlin voiced cautious optimism for 1975 while noting city revenue pressures from layoffs and federal-funded programs to spur construction. Ritenauer cautioned about scarce county funds and high interest rates, urged more lobbying, and floated industrial revenue bonds to spur financing for housing and business. Sarnovsky projected better housing now than in years, urged cost cutting and affordability, and noted multiple recessions while warning to align with public buying power.

Real Poveronds Ritenaver Washington Gtaralh Hay Lorain County Lorais Pijor Stuart Snmart Arca North Ridgeville Lorain Cuyahoga County Sartovsky Sarnovsky

Ford tax plan outlined with rebates and business credits

The plan includes a 15 percent tax credit up to 150 for storm windows and insulation, an $80 direct rebate for low income non-taxpayers, and temporary 12 percent investment credits for businesses and utilities plus a permanent corporate tax cut from 48 to 42 percent. It urges spending rebates on big-ticket items to spur demand while boosting energy efficiency.

Ford

Auto industry lag to close Medina accessories plant

American Safety Equipment Co plans to shut its Medina Ohio plant, a seven facility operation in Encino California. The first phase ends Jan 24 with 30 jobs lost. second phase begins Jan 31 and complete closure by early February. The plant, operating since 1999, produced auto seat belts and helmets. The move is part of a company wide consolidation to cut overhead as auto sales slump.

Medina American Safety Equipment Co U.S Encino California Treayerer W. R. Marshall

Cherie Ulmer memorial drive seeking funds in North Ridgeville

North Ridgeville residents await mail confirming the Cherie Ulmer medical expense drive total. Donations should go to Elyria Savings and Trust Co. P.O. Box 44 North Ridgeville 44039. Cherie’s mother Alice Ulmer says bills are expected to be high and leftovers fund a pharmacy scholarship at Ohio State. Over $500 had been deposited at Crawford County National Bank as of this morning with many local donors listed, supporting the Cherie Ulmer Reward Fund as well.

North Ridgeville Carolyn Yanik Avon Belden Road Cherie Ulmer Elyria Savings and Trust Co P. O Bucyrus Cherie Alice Ulmer Miss Ulmer Blue Cross Ohio State

Schools face possible closings from gas cuts

Several districts including Westlake Lorain and North Ridgeville seek Columbia Gas clarifications amid proposed reductions. Lorain plans to switch Lorain Senior and Admiral King high schools to oil and spread the cutover across the system. Oberlin administrators are lowering thermostats to 65 to 68 degrees as energy conservation tempers the overall impact.

Westlake Lorain North Ricgeville Columbia Gas Adolph Koglmyer Admiral King Kohlmyer Oberlin Hagerim James Ty

75 tax cut would aid low and middle incomes

Ford proposed tax reductions favor low and middle incomes offset higher energy costs. Families of four earning 12 500 to 15 000 would break even, with energy price increases around 250 dollars, while those at 10 000 gain about 249 dollars in tax relief. An $8 payment would aid all adults with no tax liability, totaling 2 billion to roughly 25 million Americans.

Washington Ford Frank Zarb Zarb

Retiree Wins Buckeye 300 Ohio Lottery Grand Prize

Niles RP A 77 year old retired auto worker Roy Murphy of Toledo won the $300,000 Buckeye 300 grand prize in the weekly Ohio Lottery drawing. He plans to pay off his son’s mortgage and help another with a car loan. Eugene Newsome of Reynoldsburg and others were noted among the winners. Christie Nest Reon and George Kersker of Cincinnati mentioned.

Niles Roy Murphy Tole Eugene Newsome Reyboldsberg Winniengs Newteee Cristie Nest Reon George Kersker Cincinnati

Stock market opens higher after bouncy session

New York stocks edged up at the opening as the Dow rose slightly and broad gains lifted many issues. Analysts cited favorable wholesale price news and a positive investor reaction to President Ford's stance on the economy as groundwork for a further advance. Some late buying appeared as the day began.

NEW York New York Stock Exchange Ford UPI

Grain price summaries and livestock auction results Columbus area

Grain prices in Northeast and Northwest Ohio show mixed declines with No 2 wheat around 3.90 in the Northeast and 3.97 in the Northwest, soybeans down sharply while oats hold. Central Ohio reports similar drops and a variety of shell corn and oat figures. Cattle auctions in Columbus and Troy note declines for steers and heifers, with vealers steady. hogs higher and sheep up slightly. overall livestock activity mixed amid market-day changes. Major indicators include IBM stock slipping after earnings decline and a modest Dow gain to close the session.

Northeast Ohio Northwest Columbus UPI Dow

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Reichlin Wear River Road West River Parkway Cleveland Street Bank Harvey Ulmer Raymond Brewer Cleveland Alice Carl Skalak Internal Avenue Service Auto Industry Medina Accessories Israel Uns Bete Robert W. Meyers Meyers Woles 205 WAY Plaza The Turnpike Emory and Ethel Hershey Center Ridge Rd Mary Lou Husted E. Lake Rd Sheffield Lake Ernest and Lori Ross Burs Rd North Olmsted Stuart A. Borden Cloverdale Ave Richard and Joyce Hoes Root Henry and Mary Meckley Caroline St Elyria Ward W. B. Young Sr Columbia Ave Stephen and Carol Majesky Grafton Elmer and Marjorie Brown East River Rd L. E. Stevens Eagles Circle Anonymous Robert and Marjean Mitchell White Oak Dennis Steltzer Center S Milan Joseph and Irene Gill Berlin Heights Lawrence W. Gill Main Rd Leo and Gayle Helsley Dartmouth Circle Frank and Diane Schenck Knollwood Dr Parma Genevieve Ordway Gulf Rd Andrew and Patricia Josefick Bennett Dr James M. Currier West Ave Arthur W. Paul Notre Dame Circle James F. Tittle Russia Rd C. G Marie Mebling Fitch Rd Ruth M. Amato Homer St Lash Butternut Ridge Robert Stone Marseilles Ave Don Miller Kelly St Wellington Deng Kramer Coreaicle-Telegram East Aveeut Elyria Olle Ohio Lottery Niles, Ofte Nemaber Nembers Treasury Department Carr Tame Green Finance Edi Raden ACF Alrea Inc Alcoa Wolf's Aman Ts Am Airlines Golf Aman AmCyaty AmEic Ty Anacad Basie Armco Tw Bendix Beth Steel Cntl Curtos Diamd Uy DuPont Exxon Cp Troy, Mich Letiy Beoes IBM USDA Chicago Midwest Chisile Carper GnMot Goodrich Goodyr Gulf Oik Taup 'N Hershey Kroger Len Pte Mobil OL Monsan Motorola Nabisco Norfolk Owen F Owen Ill Pan Amn Penn Central Pepsico Phi! Pet Ty Polaroud Ind Proc & G Pulman RCA Corpiba Rey Ind Reyn Rockwell Koshring Guyton Gite
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