Fed chief warns prices may rise with recovery
Washington UPI Arthur Burns, chairman of the Federal Reserve, testified to the House Banking Committee that prices tend to move up early in a recovery and warned the inflation risk as the economy improves. He defended a moderate 5 to 7.5 percent money-supply rise while liberals urge more expansion. Burns pegged growth around 8 percent next year with unemployment dipping to 7.5–8 percent, and refused to forecast interest rates, saying such a prediction would force him to resign.
MENTIONED IN THIS ARTICLE
Washington
UPT
Arthur Burns
Burns
Federal Reserve Board
House Banking Committee
Fed
Crats
Albert
Congress
Restaurateur tied to large scale counterfeiting
The case centers on Louis Horwath and associates linked to a six month period in 1968 during which counterfeit plates and about $10,000 in phony $20 bills circulated in northeast Ohio. Investigators recovered two plates after arrests and note a wider set believed used for rapid money production. Horvath’s death in 1968 remains potentially related to linked robbery violence.
MENTIONED IN THIS ARTICLE
Gent
Horvath
Ohio
McCann
Louis Horwath
Horwath
Quarry Rd
Amherst
Jarvis W. Metcalf
Indianapolis
Ind
Henry Zieba
Lorain County Sheriff's Department
Frederick Coleman
U.S
Cleveland
Edward Zieba
Coleman
Brook Park
Veronica McCann
Jan
Berko bows out as board faces criticism and threats
Berko announced he will not seek another term amid threats and disorder during a strike. He cited financial woes and regulations overshadowing goals like teacher evaluation, reading and communications programs, and a humane education approach. He noted progress on curriculum updates and communication but lamented staff and community dissent.
MENTIONED IN THIS ARTICLE
Berko
Woodcrest
Moelk Remodeling Nears Completion With Roof Shingle Update
Moelk remodeling is nearly finished with a roof shingled along the entire 140 foot length and tinted glass installed replacing the previous clear type. Moelk Sales supplies bar restaurant and janitorial equipment. (C T photo by John G Kenney chief photographer).
MENTIONED IN THIS ARTICLE
Moelk Sales
C-T
John G. Kenney
EPA report ties 1974 electric price rise to fuel costs
The EPA study shows electricity prices jumped 30 percent in 1974, with fuel costs driving 60 percent of the rise while nonfuel costs rose 16.8 percent. Environmental regulations contributed about 5 percent of the increase. The report notes potential further rises as utilities fund pollution controls.
MENTIONED IN THIS ARTICLE
Washington T AP
Environmental Protection Agency
EPA
Russell E. Train
Temple, Barker and Sloane, Inc
Real estate broker to open new office
Steven Carin plans to open a new real estate and insurance office at 604 Lake Ave. He is a former associate of Ruth Harbour Town and Firelands Realty and John Weber Insurance. Carin has studied at Carnegie Tech and Ohio schools, and is father of two. ST FELICIEN Quebec police report a DC3 with 24 on board missing south of Roberval during a Matagami to Quebec City flight.
MENTIONED IN THIS ARTICLE
Steven Carin
Abbe Rd
Lake Ave
Carin
F.C
L. A. Ruth Harbour Town and Firelands
Carnegie Tech Institute
Universal School of Insurance and Claims Adjusting
I. N. White School of Real Estate
Cleveland
Case-Western Reserve
Ohio School of Real Estate
Columbus
ST. Felicien
Que
UPI
Quebec
Simard Industries, Ltd
St. Felicien Air Services
Smal
Quebec City
Luc Dumont
Charter Air Service
Roberval
Matagami
Marsico in dispute over documents before court appearance
Marsico clashes over evidence as grand jury probes the case. Pincura denies the story and directs the continued investigation while Marsico plans a first court appearance Monday afternoon. He has not yet spoken with Cleve or attorney Yelsky and may offer no comment.
MENTIONED IN THIS ARTICLE
Pincura
Marsico
Leonard Yelsy
Will
Yelsky
Pineura
Bishop restricts Beebe to Oberlin parish
A diocesan letter bars Beebe from priestly duties outside Oberlin as a conflict looms over church authority. The measure, said to last until the edition editive trial court rules, drew mixed reactions from Christ Church officials who called it reasonable or peculiar. Ed Henderson voiced confusion over the confinement to Oberlin.
MENTIONED IN THIS ARTICLE
Beebe
Cedar Point declares regular quarterly dividend
Cedar Point Inc. announces a regular quarterly dividend of twelve and a half cents per share of common stock payable September 15 to shareholders of record August 2. The stock trades nationally on the over the counter market. Paper bags entered general use only by the early 1900s.
MENTIONED IN THIS ARTICLE
Cedar Point, Inc
Avec Co
Enlex Inc
Howell Corp
Media General
Ape
Mickelberry CP
Standgate Corp
Pec
Hubinger Co
Alco Standart
Coca Cola Midwest
Donnelley, RR
Carlton Co
Hewlett Packard
Kent-Moore Corp
Norris Indust
PepsiCo Inc
Stauffer Chem al
Taylor Wine
Entex Inc
Pickwick
Needham, HarpSt
Jon Tad
Breuner
John Q
Ind Gasiz
Cedar Point
Ford proposes new oil decontrol plan and price ceiling
President Ford unveiled a compromise oil decontrol bill to phase out price ceilings over 39 months and cap domestically produced oil at 11.50 a barrel with a monthly 5 cent rise. The White House cites avoiding imported oil price spillover and expects gasoline to rise about 6 cents per gallon by year end 1978.
MENTIONED IN THIS ARTICLE
Washington
UPL
Ford
White House
Oval Office
Congress
Ohio man wins 300000 lottery prize in Cleveland
David V. Morgan, 38, of Oregon Ohio, won the Ohio Lottery top prize of 300000 last night and plans to pay off his mortgage and visit relatives in Texas and Tennessee. He will keep his job at Haughton Elevator and Escalators. Two other 30000 prizes went to Mat Kom of Cleveland and Ruth W. Moeller of Cincinnati. Additional 15000 prizes were won by Ralph Bambino of Cleveland, Evelyn Postlewait of Canton, John Vogrin of Youngstown and Robert Smith of Perrysburg.
MENTIONED IN THIS ARTICLE
Cleveland
David V. Morgan
Morgan
Canton
John G. Vogrin
Youngstown
Robert L. Smith
Perrysburg
Lottery roundup Lansing Michigan Daily numbers July 25 318
Lottery overview lists winning numbers for multiple states including Michigan Connecticut Maine Maryland Massachusetts New Jersey New York Pennsylvania Rhode Island and notes millionaire finalists qualifiers and jackpot figures. The Lansing report presents mixed digits and abbreviations for state results and promotion terms.
MENTIONED IN THIS ARTICLE
Lansing
Mich
Michigan
State
Connecticut
Maine
Maryland
Massachusetts
Jersey
New York
Pennsylvania
Rhode Island
Opening Wall Street COLUMBUS grain and poultry prices
Ohio grain elevator prices end of yesterday and today show sharp gains in corn and oats across regions, wheat near 3.16 to 4.19 per bushel. Soybeans mostly firm, with varied changes. Poultry prices at farms and retailers listed, while New York and Chicago report steady milk and egg prices with marginal gains in some egg classes.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast
Northwest
Central
New York
Usdaa
Chicago
Midwest
Lorain County Farm Bureau Cooperative Association, Inc
Fidelity
Putnam Funds
Marathon Oil earnings fall in first half 1975
Marathon Oil Co of Findlay reports first-half 1975 net income of 48.86 million dollars, down 39.6 percent from a year ago due to lower volumes and slimmer margins for foreign crude and refined products amid European economic weakness and higher domestic taxes. Earnings per share drop to 1.64 from 2.70.
MENTIONED IN THIS ARTICLE
Findlay
UPL
Marathon Oil Co
Marathon
Also Mentioned on This Page
House
Carl Albert
Restaurateur
Pagel
Thopel
Ohlemacher
Vassar Ave
Lorain County
National Engineering Co
Strongsville
Moelk
Moelk Sales, Inc
West Ave
Dick Billings
Atlantic
Pacific
New England
Middle Atlantic
Christ Church Vestry
Ed Henderson
Oberlin
Cedar Point Inc
President
Wall Street
York Stock Exchange
City Bank
Kroger
Lyke
Alcoa Blas Ta Mareor Inc
Airlin
Mead
Pfizer
Watly Bendix Bala
Phil Morr
Beth
Phill
Petao
Boeing Man
Chessie
Chrysler
Gia
Col Gas
RCA
Coop India
Scott Pup
Ta Sears
Wy Curtiss
Shell
Sun Puc Singer Co
U'N Dresser
DuPont Wittae
St Brands
Bart Exton
Exxon
Stu
Texaco
Geo Millie
American Standard
Bendix
Ims
Kaiser
al Chromailoy Kresge Bay Cities Service
CPC International
Dartind
Emerson Ais Fruchauf
Goodrich
1.C. Industries
Idty Kewanee Oil
Koehring
Lear Siegler
National Gypsum
Ohio Edison Richmond Corp
Searle
Wea
Smucker Mly
Sybron
Toledo Edison
Union Pacific Corp
Victor
Woolworth
Marathon Oil
Elyria
Lorain County Printing & Publishing Co
United States
the Chronicle-Telegram
East Avenue
El-A-Co Electronics
Bedi St. Lyrie
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