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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 01, 1979
Page
16
The stock market edged lower in early trading in New York with the Dow Jones average dipping .17 to 822.16 as energy concerns dampened sentiment. Losers led gainers 6-5 on the NYSE as brokers cited rising oil prices from exporting nations keeping the market on the defensive.
Akron AP reports progress at the bargaining table for the first time since 8,300 United Rubber Workers members walked out at 11 Uniroyal plants on May 9 Negotiations paused until Tuesday to study a federal judge ruling challenging President Carter's anti inflation program enforcement.
Grain elevators in Ohio posted cash prices per bushel after markets closed. No. 2 wheat ranged around 3.57 in Northwest and 5.6 in Central Ohio, shelled corn about 2.46 to 2.49, and soybeans near 7.21 to 7.15. Egg and butter markets showed mixed retailer and wholesale quotes across major cities.
Gold attracts investors during price spikes from 230 to over 275 an ounce, but buyers face risks. Dealers advise evaluating motives, choosing from bullion, certificates, coins, or futures, and avoiding speculation. coins suit long term hedges while futures demand time and risk tolerance.
Kent Haskell of International Consultants argues there are no dead end jobs and that any role can become rewarding with initiative, goal setting, and communication. He cites Industry Week and Psychology Today survey findings on managers feeling trapped and likely to change jobs, plus a checklist of early warning signals.
The piece argues 1979 inflation differs from prior years due to eased borrowing restraints and shifts in public attitude toward debt. It links deficits, rising consumer installment debt, more women workers, and relaxed lending standards, especially high yield savings certificates, to delayed housing slump and persistent inflation pressures.
The Great Lakes chapter of the Ohio Recreational Vehicle Association urges owners to use RVs more as fuel shortages bite. James Wilson of Wilson's RV Center in Lorain says energy reports show families consume more energy when confined at home on weekends, noting 100+ camping areas within 40 miles of Cleveland. A May PMI survey shows employment steadier with 69% steady and 21% higher, while prices rise and inventories slow. ERA-King Realty joins Electronic Realty Associates to offer Home Buyers and Sellers Protections plus photo by wire listings. Par Industries plans a 40,000 square foot Medina plant costing 1.1 million, adding 30–50 jobs. Dollar rises vs. European currencies as gold holds near record levels, opening at about 277.375 per ounce in Zurich and 277.125 in London, after Thursday’s peak.
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