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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 06, 1988
Page
8
The Dow Jones rose 27.03 to 2158.61, highest since October crash, aided by a weaker dollar and steadier trading. Oil futures gained 15 cents to 15.09 amid speculation before API data, while grains shifted with rain forecasts and drought worries.
Dennis B. Levine former investment banker linked to Wall Street insider trading scandal has been released from federal prison. He is transferred to a work furlough halfway house program in New York to ease reentry six months before parole. Lewisburg prison officials declined to name the facility.
Management and union officials from Texas Air Corp and its troubled subsidiary Eastern Airlines met with federal referee William Brock but could not announce a settlement. A four hour session Tuesday ended with Brock saying more work was needed as Transportation Department officials offered little detail on the sought agreement.
In Manhattan federal court Judge David Edelstein weighs a government bid to appoint liaison officers and possibly trustees for corrupt locals as part of a racketeering case alleging Mafia influence over the Teamsters. The judge tempers a ten day restraining order while both sides seek more time to present evidence and witnesses.
The AP reports generic products once popular during high inflation have faded from most supermarkets. As inflation eases shoppers choose store brands seen as higher quality, with some chains like Pathmark and Lucky Stores reporting still strong generic sales in select categories.
Egg sales in Columbus and other major Ohio cities show cartons delivered with sizes extra large 04 67, large 63 66, medium 44 47, small 31 34. The listing reflects wholesale price points for egg cartons and size categories.
Lorain County Farm Bureau Cooperative Association reports yesterday's market results. Wheel 24% shelled corn at 349 per bushel. Oats at 2.00 per bushel. Soybeans at 9.20 per bushel. Local grain buyers compiled prices for farmers.
The day’s Comex closing shows Gold at 438.10 per troy ounce and Silver at 6.766 per troy ounce. Platinum 556.60 and other nonferrous metals include Aluminum 1.1850 per pound Copper 1.005 cents per pound Lead 36-38 cents Zinc 66-70 cents Tin 4.4118 per pound. Mercury 360-370 per 76 lb flask.
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