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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 20, 1986
Page
3
Kidron auction Thursday showed light livestock runs yet higher prices for hogs, beef cows and dairy cattle. Hogs traded $54 to $985.50, beef cows $39 to $41.75, dairy cows up to $1,003 and heifers $440. Feeder pigs and lambs sold well though hay and straw demand remained strong. Total head 1,871 with gross receipts about 435,000.
Elyria Lorain County officials approve funding for a wage inspector to review payroll sheets of state funded contractors. The officer will ensure compliance with prevailing wage and minority and women owned subcontractor requirements. The position, to be financed by two thirds from the Economic and Industrial Development Corp budget and one third from the county general fund, is slated to begin after a month of hiring steps.
TRW Inc says a subsidiary, TRW Microwave in Sunnyvale California, overcharged costs on certain government contracts from 1983 to 1985. The findings were turned over to the Defense Department amid ongoing probes of TRW operations including a San Diego division.
The Federal Housing Administration halted new applications after exhausting its $74.4 billion credit ceiling as Congress negotiates a bill to raise the limit and extend authority. UDAG funding and city-based grant distribution fuels a dispute, with lawmakers delaying or dropping attachment language. The agency backs about 20 percent of the market at 9.5 percent, amid a housing boom and record low rates.
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