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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 02, 1979
Page
11
The market extended the rally with a broad advance led by gainers over losers two to one on the NYSE. The Dow rose 0.77 to 816.61 in early trading as investors weighed a 1.2 percent drop in January's leading indicators and a Fed money supply decline, signaling possible inflation and rate relief later.
City Bank Co of Lorain will hold its annual shareholders meeting at 10 am on March 21 at the North Ridgeville branch at Jaycox and Center Ridge Roads. Chairman Robert C. Pelander said the agenda includes board composition and a five percent stock dividend for record holders March 14, raising capital from 1.23 million to 1.2935 million. Nominees for directors include Pelander and 11 others, with two extra seats proposed if suitable candidates arise.
AP reports egg sales to retailers in major Ohio cities with cartons delivered and price ranges for Large A white and medium eggs. Poultry prices at Ohio farms show hens light price movements. USDA and USDA bit ter offerings steady while Midwest egg report is unavailable.
UPI reports regional cash grain prices in Ohio after market close. Northeast shows No 2 wheat 3.54, corn 2.15, oats 1.40, soybeans 7.19. Northwest lists wheat 3.64, corn 2.15, oats 1.48, soybeans 7.22. Central has wheat 3.72, corn 2.19, oats 1.43, soybeans 7.21. Local Lorain County Farm Bureau prices close at wheat 3.48, oats 1.40, corn 2.10, soybeans 7.16.
Switzerland stores most of its gold in Alpine caverns and Bern vaults as part of 2 600 tons of reserves. Official values understate real worth, with 시장 prices placing reserves near $20 billion and per person totals around $3 333. The nation also holds $18.2 billion in foreign currency, lifting total reserves to $38.2 billion amid currency intervention to curb the franc.
Adrian Rod Burton recalls proposing Billy's Beer for Billy Carter's name, a plan rejected by G Heileman Brewing. Falls City later faced lost credibility and sales as the gimmick backfired, with Burton noting the beer failed to attract repeat buyers and damaged other Falls City brands. Burton preserves a never aired Billy Carter TV ad and explains his lifelong abstinence from drinking, honoring his father's rule.
Dewey and Associates Realtors announces a new office at 219 N Main St Wellington with Candace Dewey as principal realtor and manager. Grand opening runs daily 9 am to 5 pm through Saturday offering land development and residential and commercial sales.
Lorain National proposes a fourth consecutive stock dividend pending April 3 annual meeting approval. MidAmerican Outlook argues lower Great Lakes steelmaking remains critical to counter import pressure and boost margins in 1979. Gilford Instrument reports record quarterly and six month sales with flat net income due to startup costs. A Family Business Association meeting is set for March 8. Bob Dostall, 30 years government service, retires from North Ridgeville Post Office. his sons live in Elyria and Independence and he plans to retire to Florida.
In Newark Nat UPI reports a new erasable ink ballpoint named Eraser Mate from Paper Mate alarms banks. Bank security groups meet to discuss preventing check alterations and adding warnings on packaging. Andrew Babyak of First National State Bank warns of risks for businesses and banks alike.
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