Stock Market Mixed As Inflation Dims Hope For Slow Rise
New York stocks opened mixed as investors weighed 0.3 percent May finished goods price gains alongside a 7.8 percent unemployment rate rise from April. The Dow held at 858.70, while Gulf United led active issues with a 21 percent gain in a large block trade. Grain prices closed with Wheat at 3.52, corn at 2.48, oats 1.70, and soybeans at 5.73 per bushel.
MENTIONED IN THIS ARTICLE
New York
Gulf United
Lorain County Farm Bureau Cooperative Association, Inc
Block Management Co formed by Hyatt Legal Clinics and H&R Block
A new firm, Block Management Co, is created by Hyatt Legal Clinics partners Joel Hyatt Wayne G Willis and William H Brooks holding minority interests, with H&R Block Inc joining. Block Management, based in Kansas City, will supply Hyatt offices and admin services including marketing accounting and computer support for a fixed fee.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Ohio
U.S
Canada
Block Management Co
Hyatt Legal Clinics
Joel Hyatt
Wayne G. Willis
William H. Brooks
H&r Block, Inc
Block Management
Kansas City
Hyatt
Banks in Miami accused of laundering narcotics money
Senate Banking Committee hearings reveal Miami banks accept large cash deposits from drug profits and launder funds, with Intercontinental Bank resisting casual clients. Proxmire cites a $6 billion surplus in Miami cash and says several banks act as main outlets for laundering, including the National Bank of South Florida in Hialeah.
MENTIONED IN THIS ARTICLE
Washington
UPI
William Proxmire
D-Wis
Miami
Intercontinental Bank
Anthony Infante
Proxmire
Miami Area
Florida
Infante
U.S
Federal Reserve
Fed
National Bank of South
Ohio Teamsters bought five luxury Lincolns for agents
Ohio Conference of Teamsters spent 51 305 on five 1979 Lincolns for Cleveland office business agents earning over 50 000 annually. Records show high total compensation with substantial allowances and other disbursements for each agent. The report notes auto expenses per diem and lodging and names the five agents and their sums.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ohio Conference of
Teamsters
Teamster
Federal Labor Management Reporting and Disclosure Act
Cleveland
Sherman Brown
Andrew Luckart
Sam Stintsman
Everett Moody
Ohio
Dollar and gold mix in light world markets
In London gold prices edged to 585.50 dollars per ounce and 584 in Zurich, while the dollar showed two way moves across Paris Brussels Amsterdam and Milan. Dealers cited quiet, narrow trading as currencies fluctuated through Frankfurt Zurich London and Tokyo openings and closes.
MENTIONED IN THIS ARTICLE
London
UPI
Zurich
Paris
Brussels
Amsterdam
Milan
Citibank
Frankfurt
Tokyo
Ohio housing industry seeks federal subsidies
Washington reports the Ohio housing industry is seeking federal assistance for construction projects under HUD programs. 186 proposals seek about 7,500 rental subsidy units with roughly 19 million dollars in construction funds available. Half the units to be built in northern Ohio and the rest in central and southern regions, with construction set to begin early 1981.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ohio
Sylvester Angel
U.S. Department of Housing and Urban Development
HUD
Lorain County building contracts drop in April
Area business news shows April activity in Lorain County declining with April totals at 8.7 million for the month and year to date 24.3 million, sharply lower than last year. Non-residential contracts fell 14 percent while residential declined over 50 percent, with broader regional declines across four Cleveland SMSA counties. Centel Communications agreed to purchase Cable Communications Operations of Lima for 16.5 million plus about 11 million debt, part of Central Telephone and Utilities. A June SBA Lorain County workshop at the Oberlin Inn seeks aspiring entrepreneurs. Lorain home builder Leroy Forthofer and Sons exhibts eight designs in Elyria, with HGM Realtors named exclusive rep for the development in Midview Schools.
MENTIONED IN THIS ARTICLE
Lorain County
F. W. Dodge
McGraw-Hill
Cleveland
SMSA
Centel Communications Co
Cable Communications Operations, Inc
Lima
Centel
Central Telephone and Utilities
Lorain Telephone Co
Kentucky
Indiana
Leroy Forthofer and Sons, Inc
Elyria
Southwood
HGM Realtors
Midview
Ad Club to Host Full Day Direct Marketing Program
The Cleveland Advertising Club sponsors a full day program on direct marketing techniques at the Cleveland Plaza Hotel Wednesday from 8 a m to 5 p m. The fee is 90 dollars. Speakers will include Maxwell Sroge, president of a firm.
MENTIONED IN THIS ARTICLE
Cleveland Advertising Club
Cleveland Plaza Hotel
Maxwell Sroge
Also Mentioned on This Page
Firtone
Aligheny
Allied Chem
AmCan
ATLTS
Armco
Inglind
Bendis
Kellogg
Kemet
Coma
Ise MotorLa
Nusiewt
Glin Corp
Ayr
Owen
Pan Am Air
ReMi
Roy
Sears
Ford
Wilson HY
Engelhard
Tihnor Power
Texaco
Ay Alleghny PwrSys
Craneloc
Amerace Cp
VtHreet
Os Brown
Ussieel
Westhe
Fiderest Mills
Barra
Devrts
Wy ' Flen van Tm
Hs HS As
Whipont
Genesee Brewing
Mou Ay Grow Group
Colar Soma Ftrae Howse Fabres
Keron
Sidtane Co
Zeathr
Nordson Cy
Pratt Lamia
Pierre FL Pores
SPS Tech
Amenean Machine & Foundry
SuprFood
Amerwan
Tora Company
Bendix Ane
Univernal Food Au Tuel
Wallace
Wihngin
NtCo Q i
CPC
Ge _ Dart
MM Freeaut Oy Iy
Todas BS
Lear Seegier
Parker Haneafin Thynh
Starleis Dco
Sewers Co
Sybeos
Totrdo Edison
Unvos Pacer Carpaly ‘Woolworth
Walker
St. Biyrta
Gyria
Fri
Chronicle-Telegram
By Ira R. Allen
R. Jerome Sanford
Ohio Teamsters
Richard Collison
Johnson Matthey
Ohio Housing Industry
Area Business News
Lima Cable System
Chicago
Oberlin
Small Business Administration and
Lorain County Vocational Center
Oberlin Inn
Capi
SBA
Oberilin
Forthofer
Southwood Homes
Ad Club
Star Building Systems
Star Builders, Inc
AT. Eae 58
Steen
OPTIS
Equal Housing Lender
Elyria Savings & Trust National Bank
FDIC
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