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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 14, 1992
Page
7
Washington economists report a shift in consumer mindset from preemptive buying to delayed purchases as inflation moderates. Retail sales rose modestly in June while overall inflation remains subdued, prompting expectations of lower interest rates and cautious spending ahead.
Lorain residents will get two summer runs to Put-In-Bay aboard the Jet Express, a 3.5 thousand horsepower jet catamaran. Departing Lorain at 7 p.m. on August 14 and 28 from Marina International, returns arrive at 12:50 a.m. Tickets cost 25 dollars round trip. The Lorain Renaissance Inn helps coordinate with the boat line. hotel packages accompany the service.
Baltimore jurors found AC&S Inc. GAP Corp. Keene Corp. MCIC Inc. Pittsburgh Corning Corp. and Porter-Hayden Co liable in the first phase of Maryland's tiered asbestos trial, with damages to be decided later. Eight others settled. Plaintiffs argued companies knew since 1938 of asbestos dangers.
Six month and three month Treasury bills posted record low discounts on Monday. Three month bills at 3.22 percent, six month bills at 4.31 percent, with $11.6 billion and $117 billion sold respectively. One year bill yield slid to 3.64 percent, the lowest since last week.
Lorain County Farm Bureau Cooperative Association reported yesterday's market results with wheat at 3.05 dollars per bushel, shelled corn at 238 dollars, oats at 100 dollars, and soybeans at 550 dollars per bushel.
Creston consignors offered hay and straw, two dairy cows, goats, calves, bull calves, lambs and feeders at Creston Auction. Prices ranged from hay at 3750 to 50 per ton and calves from 60 to 3170, with sows, bears, heifers, cows, bulls and feeder cattle all listed amid varied grades and prices. Total head counted 788 with 308 consignors.
Closing prices yesterday on the Comex show Gold at 348.30 per troy ounce, Silver 3.920, Platinum 392.00, Palladium 87.70. Spot Nonferrous metals list Aluminum 54 cents per pound Copper 11335 cents per pound Lead 37 cents, Zinc 61.12-65 cents, Tin 4.5644, Mercury 200-205 per 76 pound flask.
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