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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 01, 1996
Page
10
Oscar Robertson's Orchem Inc in Fairfield won court approval for a 1.9 million sale. Robertson remains president and CEO as 60 employees aim to return to work. two new investors join the firm.
Listings show consignments by weight and class for cattle calves dairy cattle and feed figures. MOGs ranges 632 head with weights 190 to 260 pounds and prices from 25 to 46 dollars. bears sows and service bulls noted. total headers include calves cattle and dairy categories with varied prices and open heifers.
MBNA America Bank offers a Platinum Plus card with a $100,000 credit limit on MasterCard and Visa. The 16 percent rate means minimum payments of about $2,000 monthly could take 43 years, totaling over $1.03 million. Analysts warn the high limit tempts risky spending and could be unsafe in the wrong hands.
BP and Mobil announce a plan to combine their European refining and marketing businesses in a move aimed at saving millions through job cuts and efficiencies. Analysts foresee broader industry leverage and potential oil acquisitions as cash returns replenish after a downturn in the refining market.
Washington reports a sharp rise in long term rates over the past two weeks. Tenor yields on the 30 year U.S. Treasury bond climbed from just under 6 percent to 5.46 percent, potentially slowing home and auto sales and risking higher unemployment and weaker profits amid a weak economy.
Americans added record cash to stocks and bonds in January, with stock funds attracting 28.9 billion and bond funds 44 billion while money market funds gained 23.9 billion. Savings balances rose, CDs stayed steady, and economists question where all this liquidity originates, with baby boomers delaying spending and some bonuses boosting take home pay.
New York Comex closes show gold at 599.90 per ounce and silver at 54.97, platinum 414.20, palladium 137.35. nonferrous metals list copper 11.675, lead 0.50, zinc 1.53, tin 4.1324. Lorain County grain prices close with wheat 4.58, shelled corn 3.85, oats 2.00, soybeans 7.08 per bushel.
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