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The Chronicle Telegram in Elyria, Ohio

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Articles on This Page

This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 29, 1988

Page

10

Ohio remains behind in average personal income study

Ohio lagging in average personal income with per capita income at 14 543 last year, below the national 15 340. The Ohio Public Expenditure Council notes manufacturing job declines, 9 400 fewer in 1987 to 1.1 million, while service and retail jobs rise. The report casts a pattern of slow growth and regional declines since 1970s, with total personal income 156.8 billion and Ohio trailing national gains over 30 years.

Columbus Ohio Buckeye Ohio Public Expenditure Council Connecticut Jack Whitmore Whitmore Michigan Iowa Wyoming West Virginia New Hampshire

Commodity Prices and Market Report Summary

The report lists closing prices for metals and agricultural commodities in Columbus and New York. It includes gold silver platinum aluminum copper lead zinc tin and soybeans corn and wheat futures and spot quotes from various exchanges and markets.

AEW York Perth Merce IY

Water line project approved for Sheffield Township streets

Residents along Orchard and School Streets must share a $46 779 water line cost. Twenty two of 29 agree while the rest object. Petition efforts began in 1985 and 1987 with hearings before the county commissioners who approved the project Thursday. Commissioner Herbert Jacoby noted a majority support.

Sheffield Sheffield Township Mona Walsh Loraim County Herbert Jacoby

Fuel efficiency of U.S. cars climbs from 13 to 25 mpg

Between 1973 and 1985 U.S. car fuel efficiency rose 92 percent from an average of 13 mpg to 25 mpg, reflecting improved technology and standards.

U.S

Greenspan vows to tighten credit after June spending surge

The Commerce Department reports a 1.0 percent rise in personal consumption spending in June the fastest in 10 months. Greenspan told a House subcommittee that inflation was higher than expected yet no radical policy shift is planned, though he would tighten credit if needed.

Greenspan Federal Reserve Board Alan Greenspan Commerce Department Labor Department U.S House Federal Reserve Fed

Kidron Auction Steady To Mixed Livestock Market Report

Recent rains and slower arrivals kept the Kidron livestock market steady with firmer demand for feeders and dairy cattle. Holstein calves and cows showed strength. butcher pigs and sows moved, calves at market upper end, and hay demand remained nearly steady amid higher feeding costs.

Kidron Facras Hhulstein

Reagan administration raises deficit forecast to 152.3 billion

Washington reports the current year deficit at 152.3 billion dollars, 5.6 billion higher than February projection. Private economists diverge, with some predicting 145 to 151 billion, while others see 140.1 billion next year, potentially triggering automatic cuts under Gramm Rudman.

Washington Michael Evans David Wyss Data Resources Inc

Revco Seeks Bankruptcy Protection After Leveraged Buyout

Revco D S Inc owner of about 2000 drugstores files for Chapter 11 in Akron Ohio after failing to pay 46 million interest on a 1 5 billion debt from a leveraged buyout. U S Partners of New York held controlling stake and a steering committee of investors coordinates the restructuring plan. The stores will stay open and payroll continues for 28 000 employees as Revco seeks new credit and a reorganization.

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