New two CDs offered by area banks and thrifts
The government authorized two new certificates of deposit in the region to boost investments in banks and savings and loan associations. One eight year CD requires a $1,000 minimum with banks at 7.25 percent and savings and loans about 8 percent. A six month money market CD requires a $10,000 minimum with rates tied to weekly Treasury bill auctions and renewed at prevailing six month rates. Most institutions participate. Lorain National Bank and Firelands Community Bank skip eight year CDs and money market CDs, while Thrift Federal and First Federal skip the latter.
MENTIONED IN THIS ARTICLE
Ihursday
U.S. Treasury
Federal Reserve
Treasury
Timothy McCarthy
Federal Reserve In
Cleveland
Chronicle-Telegram
Lorain County
Lorain National Bank
Firelands Community Bank
Thrift
Federal Savings and Loan
First Federal Savings and Loan
Elyria Ohio
Lorain County Printing & Publishing
Coarner
United States Daily
Elyria
Parallel exam out and cone test change in Ohio DMV plan
Ohio Driver and Vehicle Services says parallel parking tests will be optional during a 30 day phase in as maneuverability is emphasized. A license test packet will be required for all temporary permit seekers, including motorcyclists, plus vision and written tests at a driver examination station to validate the temporary permit.
MENTIONED IN THIS ARTICLE
James Bardine
Columbus
Bardine
Col
Adam Reiss
Ohio State Highway Patrol
Riley leaves Elyria High basketball after seven years
Riley ends seven season tenure at Elyria High praising players he developed including two All-Ohioans Fred Balser and Richard Montague. He earned Buckeye Conference Coach of the Year four times and top honors in District, Lorain County and other circuits. His career features coaching North All-Stars in 1973 and Ohio All-Stars in 1965 Coliseum Classic and a 21 2 season with Bellefontaine in 1969.
MENTIONED IN THIS ARTICLE
Pionship
Fred Balser
Richard Montague
Elyria High
Lorain County
Louisville
Stark County
Bellefontaine
Carnival stays downtown as council hammers out location
Downtown business leaders debated proposed carnival routes at a special council meeting. Four tentative location changes were discussed with no clear consensus, maps drawn on scratch paper and a blackboard showing multiple routes. Council president Seward cited confusion and a lack of leadership while Ryba urged moving routes along Lake Avenue to protect Ely Park and aid emergency access. Klimczak warned that no plan would satisfy all, and adjournment followed with two members absent.
MENTIONED IN THIS ARTICLE
Council
Richard P. Seward
Jack Ryba
Lorain County Savings and Trust
Ely Park
Ryba
Lake Avenue
Robert Frederick
R-4
Thort
Paul Revere
Seward
Felix Klimczak
D-6
Klimczak
Larry E. Coey
D- 1
Ernest Brewer
Junge Looks to Improve Insurance Visibility
Walt Junge of The Heritage Agency Inc in Wellington is the new president of the Lorain County Association of Life Underwriters. He aims to raise public awareness of the insurance industry through media outreach and a speakers bureau for community groups and schools.
MENTIONED IN THIS ARTICLE
Lorain County Association of Life Underwriters
Walt Junge
The
Heritage Agency Inc
Wellington
Junge
Elyria
Holgate
Ohio
Purdue
Lorain County Community College
Life Underwriters Training Council
Hawley Rd
Jean
Bethany Lutheran Church
Wellington Chamber of Commerce
Frank Bonner
Carl Purdey
Don Binnie
Wayne Haywood
Charles Draga
Airlines face higher bumping penalties under CAB ruling
The Civil Aeronautics Board doubles the maximum involuntary bumping penalty to 400 dollars per traveler and requires airlines to seek volunteers for bumped seats plus a discretionary volunteer bonus. Refunds rise to 200 dollars for delays under two hours and 400 dollars for delays over two hours. The CAB warns of further action if voluntary compensation does not reduce involuntary bumps.
MENTIONED IN THIS ARTICLE
Washington
UPI
Civil Aeronautics Board
Carpenters, Contractors Reach Impasse After Expired Contract
Ernest Denecia of the Lake Erie District Council of Carpenters says no progress since a five day strike notice was issued. He expects no meetings before Monday and declined to reveal rank and file views on a strike. The union covers about 1,200 carpenters across nine counties, including 500 in Lorain County, with talks conducted with the Ohio Contractors Association.
MENTIONED IN THIS ARTICLE
Ernest Denecia
Lake Erie District Council of Carpenters
Denecia
Carpenters Union
Lorain County
Ohio Contractors Association
Oberlin College
U.S. Steel
Lorain Works
United Steel Workers Association
George Edwards Honor Dinner Planned In Lorain
Friends and associates honor George Edwards with a testimonial dinner on June 10 marking his 60th birthday. Bruce Bostick chairs a program with speakers, folksingers Anne Finnerty and Carlos Sanchez, and dancing at Slovenian Halls in Lorain. Tickets are five dollars, with advance orders through Bostick or Waybright and at the door.
MENTIONED IN THIS ARTICLE
George Edwards
Edwards
Bruce Bostick
Anne Finnerty
Carlos Sanchez
31St and
Pearl Avenue
Lorain
Steelworkers
Trade Unionists For Action and Democracy
National Steelworkers Bank and File Committee
Bostick
Dan Waybright
Wall Street gains as money supply signals slow growth
The Dow Jones industrial average rose 1.21 points to 841.91 in early trading as investors priced in evidence that the money supply growth may be decelerating. Advancers outnumbered decliners on the NYSE by four to three amid mixed stock activity.
MENTIONED IN THIS ARTICLE
New York
Kustard Korner Opens At Broad Street Site
Eliza beth Reeser opens Kustard Korner with soft kustard in cones Sutdaes and shakes plus root beer at Broad Street and Abbe Road next to Gerald Reeser’s insurance agency. The shop, open daily 11 a.m. to 10 30 p.m., plans hot dogs soon and previously operated Rafters at the same site until January 4.
MENTIONED IN THIS ARTICLE
Broad Street
Abbe Road
Elizabeth Reeser
Gerald Reeser
Reeser
Gene Krebs
Carter denounces Post report on freezing SALT talks
President Carter angrily denied a Washington Post story alleging the administration froze U S talks on limits to strategic arms for political reasons. He called the report inaccurate and damaging to credibility and defended continuing aggressive SALT negotiations despite domestic and international problems.
MENTIONED IN THIS ARTICLE
U.S
Carter
Washington
UPI
Washington Post
Oval Office
the Post
PLO claims responsibility for Jerusalem bus bombing
A bomb exploded on a Friday evening bus in Bayit Vagan, Jerusalem, killing five Israelis and wounding more than 20. The Palestine Liberation Organization claimed responsibility, marking a rare civilian-target attack since March’s major assault near Tel Aviv. Eyewitness Avraham Rosenblatt described the blast as he assisted victims.
MENTIONED IN THIS ARTICLE
PLO
Jerusalem
UPI
Palestine Liberation Organization
Bayit Vagan
Tel Aviv
Lebanon
Also Mentioned on This Page
Riley
Buckeye
Carpenters Contractors
Edwards Was
South Dakota
University of Tennessee
United Press International
Thomas Hariot
Walter Raleigh
Wall Street
Bogota
Colombia
Heliodoro Carrillo
Carrillo
Sahel Bay
Abe
Beecham Group
ArgonautEner
Mali
IED
Yy Bank BudgEoup
Ibmals2
Inu T
Aplco
Atiaoa
AmerMaize
Atco Indi
Arttey Steel
Nad Dew
Bell Canada
Bell Howell
Eld el Mendis
Negi & Wester T
Nau Steel
Brown Group
FaelCo Ho
Beth Steel
Dan River Inc We
Oo Bart
Peon Central
Fairchild
Procter & Gad
Hahn
Ernest
Lap Bi InstrumLab
Columbus Gas
Rockwell
Pierre Rhe
Amer Mach & Foundcy
Dts
Amercan
Detroct Edison
Sears
Standar Bendix Dyan
Smbeker
Sid Brand
Sid
Sid Oni Lad
Exstoran Kodak
Oni Otua
Evans
Exxon
Ford Motion
Ah Tiruken
Goodrich Fruchauf
Geo Dynaroks
US Steel
Eason
Grey Ind
Keith Elec
Western Uniont
Ty Parker Sanatfin Searle
Ty ‘Gulf Ou
Kustard Korner
TAE Post
Backford
Attorney General Committee
Marilyn Mayers
Skiffin
Majneville
Avraham Rosenblatt
Hadassah
EL A
Lake Ave
Elyria, Oh
Dexter
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