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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 20, 1976
Page
3
Ford argues government must do less proposing price controls on natural gas tax relief for inherited farms and reduced defense spending while granting aid to friends such as in Angola. He backs private employment over a full employment bill and urges tighter spending to accompany tax cuts.
In a tense dispute at Christ Church Beebe, factions argue over women priests and leadership after a September compromise. Beebe predicts a quieter church without his supporters, while former vestry member Dick Mumford laments ongoing dissension and resignation.
A Jersey City factory fire over the weekend is shown in a photo that epitomizes recent NYC area weather. Temperatures dipped to seven degrees with a wind chill around 20 below, while the New York skyline including the World Trade Center towers looms in the background.
Coast Guard and volunteers rescued ten people after an ice floe broke up on the lake. Winds pushed the floe about 400 yards, forcing the evacuation near Catawba. Survivors include Rick Van Barg 15 and Zane Van Barg a pair from Sandusky. others listed with ages and addresses. The boy’s grandfather from Avon Lake described the incident as scary.
Secretary of State Henry Kissinger told reporters in Copenhagen that the United States has warned all outside parties against unilateral acts that could expand the Lebanon crisis. He said the U S would oppose any such intervention on his stopover en route to Moscow. The comment underscored Washington’s stance on foreign involvement in the conflict.
The FCC voted 7 to 0 to allow AT&T to file rate increases that would lift the Bell System's return on investment from 8.75 to 9.5 percent, adding about 225 million dollars annually. The commission rejected a higher 10.5 to 11 percent request and said further proceedings are needed to judge remaining requests. AT&T called the ruling conditional but said it is pleased, while hinting possible appeals. A separate study urged restructuring long distance rate plans, potentially lowering residential rates while raising business and government charges.
State Rep Dennis Eckart proposes amendments to a House bill to force Blue Cross to scrutinize hospital charges and curb premiums. He cites a Supreme Court ruling and says Blue Cross currently passes 0 percent of premiums to hospitals. Hearings likely in weeks with support from the national Blue Cross Association. Blue Cross of Ohio has not yet responded in writing.
The market showed a slight advance with industrials up a fraction while gainers held a 5-3 edge over decliners at the New York Stock Exchange. Activity remained active as traders monitored early moves.
Local grain prices at yesterday's close show Wheat at 3.08 dollars per bushel Shelled corn 2.52 dollars per bushel Oats 1.40 dollars per bushel Soybeans 4.48 dollars per bushel The figures come from the Lora County Farm Bureau Cooperative Association.
UPI reports the latest cash grain prices paid to farmers in Ohio after market hours. Northeast district shows No 2 wheat 3.24 dollars, shelled corn 4.243, oats 1.53, and No 1 soybeans 4.52. Northwest lists No 2 wheat 3.27, corn 3.43, oats 1.50, soybeans 4.47. Central area records No 2 wheat 3.12, corn 2.47, oats 1.87, soybeans 4.60. Hard red prices: No 2 wheat high, No 2 corn high, oats unchanged, soybeans higher.
AP report from Columbus New York and Chicago notes wholesale butter steady and egg prices mostly unchanged. Creamery scores and quality grades listed with small and large egg classifications and nest-run stock figures.
Kennedy and Cohen Inc a warehouse appliance chain has closed at least 38 stores nationwide including three in the Cleveland area A Miami based spokesman says a Chapter 11 bankruptcy filing is likely The Amherst Plaza store closed quietly before Christmas and more than 20 workers were told the Middleburg Heights location would shut down The First National Bank of Chicago is demanding 21 7 million on a secured revolving credit line and the chain plans to operate only eight Miami West Palm Beach area stores
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