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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 08, 1980
Page
4
The Washington Post reports the administration's midyear forecast expects inflation to slow, unemployment to rise to 8.5 percent by year end, and a recession to bottom out. More than two dozen banks lowered prime lending to 11.5 percent after credit restraints were phased out, with First Pacific at 10 percent.
Detroit based UPI reports J D Power & Associates says Chrysler could gain market share thanks to a government loan guarantee. The firm estimates potential sales rise from 250000 to 450000 units as Chrysler reforms with Dodge Aries and Plymouth Reliant and dealer traffic grows 50 to 75 percent.
NEW YORK (UPI) A longtime computer expert, Lester A. Probst, claims one in five freight bills across rail, truck, and ocean lines is overcharged. His Metuchen firm offers a Compu-Rate package that lets shippers audit bills with their own computers, cutting annual transportation costs by up to 6 percent. Probst says the one-time software cost of 23 000 to 90 000 is far less than in-house development, and that carriers must prove no overcharge rather than shipper proving fault. He notes 70 years of little change in the field.
Cleveland report highlights a potential shift as older workers gain prominence. Industry Week cites Census data showing a drop in 18 to 28 year olds while Americans aged 55 and over are set to grow by up to 3 million in two decades. Experts warn of a labor market with fewer young workers and rising demand for experienced staff.
NY equities rose with the Dow Jones up to 899.66 in early trading as gains outpaced losses. Citicorp and Chrysler led advances while overall volume neared 43 million shares amid shifting money from bonds into stocks and a rate backdrop easing. Oberlin seeks public input on repairs and use of the ice rink near Philips Gym as city council weighs support.
An inventory filed in probate shows William A. Stumphauzer, Sheffield real estate developer and founder of Riveredge Racquetball Club, died February 15 at age 64. Total estate listed at $227,314 with tangibles $5,487, intangibles $56,697, real estate $165,130. His widow Kathryn serves as executrix.
The article surveys time-sharing as a method to own vacation access at various resorts for set weeks or years. It discusses interval ownership and vacation licenses, price ranges, maintenance costs, and tax considerations, plus warnings about aggressive sales, weak management, and the importance of seeing properties before buying. It notes industry growth, global spread, and the role of responsible development and oversight.
The Lorain County Farm Bureau Cooperative Association reports closing grain prices: Wheat 8.94 per bushel, shelled corn 2.77, oats 1.68, soybeans 6.71 per bushel. Local grain kids observed market activity at Monday’s close.
AP dispatch notes egg and butter price movements across markets in Columbus Cleveland and Chicago with wholesale bulk carton prices and farm quotes. Ohio farm prices show varied ranges for eggs and poultry costs while New York dairy prices hold steady and Chicago reports mixed wholesale figures from USDA midweek release.
The article notes that the Republican Party formed at Ripon Wisconsin on February 28, 1854 and two years later its first presidential candidate John C. Fremont was defeated, marking an early milestone in party history.
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