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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Northeast
Ohio
Northwest
Columbus
UPI
Dow
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