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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 07, 1985
Page
9
In Columbus Ohio prices for eggs sold to retailers with cartons delivered: extra large 50 to 55 cents per dozen, large 47 to 49 cents, medium 42 to 47 cents, final 28 to 32 cents. Light type hens in short supply.
AP reports the latest closing prices for metals in New York. Gold at 315.70 per troy ounce and silver at 6.175 per ounce are listed alongside spot prices for aluminum 46.85 cents per pound lead 675-71 cents a pound zinc 46-47 cents per pound tin 36,0014 cents per pound and mercury 290-295 per 76 lb flask.
First National Supermarkets Inc. executives plan to take the company private for 50.7 million dollars, paying 24.25 per share for 2.6 million outstanding shares. The group, led by Richard Bogomolny and including Robert Samuels and John Shields, controls 20 percent of stock and will leverage the deal with debt secured by assets. The firm operates 134 stores under Pick-N-Pay Finast Edwards and Motormart brands across Ohio New York Vermont New Hampshire Massachusetts and Connecticut.
Procter and Gamble condemned an Advertising Age logo contest that joked about its 103 year old mark. Entries mixed serious redesigns with cartoons showing angels and pitchforks, while P and G spokeswoman Carol Taylor said the issue is serious and not funny.
Norfolk Southern chairman Robert Claytor said the firm may withdraw its $1.2 billion Conrail bid if Congress does not approve the sale this year. He testified before a House subcommittee that the company cannot devote 75 to 80 percent of management time to the deal indefinitely.
Reuters dropped its bid for UPI after not receiving requested information to base a firm offer. UPI, filing for Chapter 11, reported debt over 40 million dollars and assets around 24 million as of the federal court submission. David Wickenden declined comment.
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