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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 27, 1979
Page
10
Bendix Corp plans an employee open house Sunday August 19 from noon to 4 PM in Elyria as part of its 50th anniversary celebrations. Clowns balloons and hot dogs will feature and a reprint of a 1941 Chronicle Telegram Elyria edition welcoming Bendix will be distributed.
Roderick Fletcher and his family run Fletcher Electric Co. in Southwick, supplying power to about 300 Connecticut residents near Congamond Lakes. After 45 years without regulation, PUCA inspection prompted rate hearings and brought the business under state oversight, which Fletcher says is manageable despite paperwork. The firm, started by his father in 1931, now relies on two sons to maintain lines and purchase power from Western Massachusetts Electric Co.
Mobil Corp executive Rawleigh Warner Jr warns that oil demand remains weak while supply tightens, keeping prices high. He asserts U.S. energy use from gas and oil will rise and criticizes price controls and environmental rules while proposing steps to boost output and ease shortages.
The Lorain County Farm Bureau shows yesterday’s closing prices for wheat at 4.01, shelled corn 2.82, oats 1.63 and soybeans 7.74 per bushel. Ohio elevators posted cash grain prices after Thursday’s close, with No 2 wheat around 4.03 in Northeast and 4.12 in Central regions, corn near 1.79 to 2.87, oats about 1.39, and soybeans roughly 7.55 to 7.74 depending on district.
UPI reports the U.S. auto industry has surpassed 30,000 layoffs as production lags last year, with Chrysler and Ford hit hardest. Ward's notes weekly car output at 120,023 and truck production at 44,676, while 18 car plants and six truck plants shut for model changeovers or to cut stacks. Ford idled 2,025 workers in New Jersey and Georgia, bringing total laid off to over 13,000. Chrysler about 20,000. AMC 1,200. Industry officials do not expect a repeat of the 1974-75 scale.
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