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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 26, 1985
Page
3
The market opened mixed with the Dow Jones industrial average up 1.12 to 1354.73 in early trading. Losses edged gains 5 to 4 among NYSE issues as analysts cited rate outlook uncertainties despite the Fed reporting a larger than expected 4.8 billion dollar fall in the basic money supply.
New York AP reports yesterday closing prices on Comex metals with gold at 319 30 per troy ounce and silver at 609 per troy ounce. Aluminum at 44 40 cents per pound copper 68 to 71 42 cents per pound lead 19 to 21 cents zinc 44 to 47 cents per pound tin 63 382 per pound mercury 310 to 323 per 76 pound unit platinum 272 to 273 per ounce.
Lorain County Farm Bureau Cooperative Association posted yesterday's market bids for grains with Wheat at 262 per bushel Shelled Corn 255 per bushel Oats 150 per bushel and Soybeans 525 per bushel.
Kidron Livestock report shows strong consignments despite favorable field conditions for harvest and haymaking. Market hogs ease slightly while feeder pigs and calves remain in demand. beef cattle trend down with cull cows and bulls softening. Dairy cattle follow the downtrend with top cows at 57.80 and heifers at 83.50. Hay and straw demand persists, hay values posted for first and second cuttings, straw and feed items listed with weights and prices.
A quilt and fabric shop named Hoops n Hollers opens at 24888 Lorain Rd North Olmsted. Owner Sandi Luther showcases Amish and Mennonite quilts and offers stenciling lampshade supplies and more than 40 classes in quilting rag making and crafts.
Existing home sales reached 3.07 million units annual rate in June, up 1 percent from May, the National Association of Realtors said. Gains were strongest in the Northeast and Midwest as lower mortgage rates boost activity while money supply fell, reducing fears of Fed credit tightening.
Domestic car sales fell 7.3 percent in mid July from a year ago while production stays bullish. GM lost market share to Ford and Chrysler, with Ford up 6.6 percent and Chrysler up 3.3 percent, as imports rise and the seasonally adjusted annual rate sits at 8.1 million.
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