Citibank trims prime rate amid firming bank funds
Citibank cuts its prime lending rate to 18 percent from 19 percent as Chemical Bank and others follow. Banks remain cautious about lowering top rated loan rates in a nervous rate environment while money supply shows a firming trend. The Dow opened mixed with the index down slightly after a Monday gain, as 337 advances traded against 260 declines among 1 044 NYSE issues.
MENTIONED IN THIS ARTICLE
New York
UPI
Citibank
Chemical Bank
Chicago
Continental Illinois
Dow Jones
New York Stock Exchange
NYSE
Lorain County grain prices from Farm Bureau Coop market
Lorain County Farm Bureau Cooperative Association reports closing grain prices: wheat 4.03 per bushel, shelled corn 3.18, oats 2.30, soybeans 678 per bushel. The bulletin lists local price quotes from yesterday's market with these figures.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Butter and egg price rundown across Ohio and Midwest markets
AP reports show Ohio retail egg prices in major cities Cleveland and Cincinnati with per pound ranges around 47 to 48 cents for wholesale trading. Butter prices across New York wholesale markets hold steady, while Chicago Midwest egg price report notes unchanged wholesale buying levels for Class 1 large eggs at about 4 dollars per dozen and other shell egg categories trading near 50 cents to 54 cents per dozen.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Cleveland
Cincinnati
Chicago
Midwest
New York Nonferrous Metal Prices Report
Spot copper at 8 64 to 8 741 cents a pound in US destinations. Lead 32 cents, zinc 41 cents, aluminum 76 cents. Gold 465 50 per troy ounce, silver 11 580, platinum 485 00. Mercury and tin noted with daily quotes.
MENTIONED IN THIS ARTICLE
New York
Creston Livestock Auction Sells 1 208 Head Monday
Creston consigners offered 1 208 head of livestock plus a dairy cow and four goats. Calves led values from 47 to 8780 with crossbreds high. Sheep and hogs ranged broadly with cows and bulls also listed.
MENTIONED IN THIS ARTICLE
Creston
New cuts threaten Reagan safety net in Senate plan
Senate budget leaders push a 65 item package that could raise total 1982 cuts to about 55 billion, beyond Reagan proposals and aiming at welfare programs for the poor and elderly. House leaders expect no more than 30 billion in reductions. The plan delays inflation adjustments in Social Security benefits and other veterans and pension programs Reagan spared.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate
Reagan
Senate Budget Committee
House
Reagan budget cuts proposed in Senate package
Senate panel backs Medicare co payment on admission day and scales many programs. Proposals include halving postal subsidies by 161 million, ending farm deficiency payments, shutting the Legal Services Corp and Clinch River project, and capping federally subsidized rental housing. Additional cuts target the Farmers Home Admin loan program and Rural business guarantees, with broad Labor and health and human services reductions and a 26 percent slash in 1981 funding for fuel assistance and related programs.
MENTIONED IN THIS ARTICLE
Medicare
Senate Committee
Postal Service
Reagan
Legal Services Corp
Clinch River
Farmers Home Administration
Agriculture Department
Szarek Realty Joins RELO Network Boosting Local Relocation Reach
The Lorain real estate firm Szarek Realty gains RELO Inter-City Relocation Service membership, linking 1,300 firms serving 13,000 communities in U S Canada and abroad. Kathy Rothman becomes RELO coordinator for the two-office firm with 66 licensed sales associates. RELO offers cross community home selling and buying at no extra charge.
MENTIONED IN THIS ARTICLE
Szarek Realty
Lorain
Bob Szarek
U. S
Canada
Kathy Rothman
Szarek
Pella Unveils Sunroom at Rocky River Office
Pella Window and Door announces the Sunroom a glass enclosed structure suitable for plants playroom family room or porch. Branch manager Glen Owen says it attaches to a dwelling by erecting components on concrete footings and a slab or foundation at 19626 Center Ridge Road Rocky River.
MENTIONED IN THIS ARTICLE
Pella Window and Door Co
Center Ridge Road
Rocky River
Glen Owen
Women bankers tour Cleveland Fed event details
About 80 women bankers and guests will tour the Federal Reserve Bank of Cleveland on March 1. The Western Reserve Chapter of the National Association of Bank Women Inc meets with Lois E. Gunning of Lorain County Savings and Trust Co. presiding.
MENTIONED IN THIS ARTICLE
Cleveland
Federal Reserve Bank of Cleveland
Western Reserve Chapter
The
National Association
Bank Women, Inc
Lois E. Gunning
Lorain County Savings and Trust Co
Chapter
Avon Lake unit earns Safe Living award for 1980
The BF Goodrich Chemical Group technical center in Avon Lake receives the Safe Living award for the lowest off the job injury rate among its 13 North American facilities. Plant manager Carl E. Fleming accepts, highlighting a safety program that includes extinguishers and detectors, loaned test gear for microwaves and carbon monoxide, and a safety poster calendar contest for staff families.
MENTIONED IN THIS ARTICLE
BF. Goodrich Chemical Group
Avon Lake
North American
Carl E. Fleming
Vermilion to Get Computerized Switching Office
Lorain Telephone Co. plans a digital switching office for Vermilion customers, the first in its service area. Equipment expected in June, 11 units in full use by December, speeding dial tones and connections. Project estimated at 1.7 million dollars.
MENTIONED IN THIS ARTICLE
Lorain Telephone Co
Vermilion
Larry Robinson Elected Chairman of J B Robinson Jewelers
Larry J B Robinson is named chairman of J B Robinson Jewelers Inc and will oversee mergers acquisitions and management development. Lawrence J Pollock becomes president replacing Robinson. The 63 store chain plans expansion especially in Texas and the Southwest under new leadership.
MENTIONED IN THIS ARTICLE
Larry J.B. Robinson
J B. Robinson Jewelers, Inc
W.R. Grace & Co
JBR
Lawrence J. Pollock
Robinson
Texas
Southwest
LCCC Opens Sign Up for Non-Credit Spring Classes
Lorain County Community College announces registration is open for its non-credit spring quarter. More than 60 courses run in 10 week and five week formats starting April 6, covering career enrichment labor studies technology saving money language and communication psychology nutrition sewing furnishings photography and more.
MENTIONED IN THIS ARTICLE
Lorain County Community College
Grain prices by Ohio elevators after Monday close
UPI reports average cash grain prices paid to farmers in Ohio marketing areas after Monday close through today. Northeast Ohio No 2 wheat 397, No 2 shelled corn 217, No 2 oats 240, No 7 soybeans 672. Northwest Ohio No 2 wheat 406, No 2 shelled corn 316, No 2 oats 225, No 1 soybeans 677. Central Ohio No 2 wheat 406, No 2 shelled corn 221, No 2 oats 242, No 2 soybeans 683.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio
Northeast
Northwest
Central Oho
Wine Shoppe Gets New Owner In Elyria
Elyria city councilman Jack Baird and his wife Denise bought The Wine Shoppe Inc at 424 E River Road. Former owner Mrs Ben Garretson stays as consultant for a couple weeks while Mrs Baird runs hours 11 to 10 Monday to Thursday and 10 to 10 Friday and Saturday. They plan to maintain and grow traffic in wine cheese and gourmet foods with possible catering and specialty coffees and teas. No immediate expansion planned.
MENTIONED IN THIS ARTICLE
Elyria
Jack Baird
Denise
Wine Shoppe, Inc
E. River Road
Baird
Ben Garretson
Lorain County Savings & Trust
Also Mentioned on This Page
Federal Reserve
A&p
RCA Cp
T&t
Rexel
Harv
Fabers
Sears
Kennett
Borger
Boba
Sperry
Be Colgate
MeLouth Sti
Tenaco
Col Gas
MGM Gr
Texaco
Crow
Crow Ed 2 60 18k Mobil Corp 4 694 + Trnken 3 40 G= + Me Con Ed 2.98 Wh% Monson
DAL Inc
Consun
Nabisco
Astar
US Steel
Curtiss
He Dayton Hd
Www Inven
Ma Norsk
Ye DuPont
Wheeling St
Eastern Air
Amer Mach & Foundry
Amer
Amer Standart Nix
CPC International. Inc
Emerson
Extelle Ady Fruehauf
Goodrich
TC Industries CO
Lear
Midland Ross
Ohio Edison National Gypsum City
Parker Hannifin Joy Tree
Gd) Co
Smouther Southern Co
Sytron
Crow Foods
Bristol
Clayia
BOP Cp
Col Foren
St Ee
Dibeeit Bros Us
Saat
NuWest
Fural Wee
Semumt Evergy
Walley
Waurtaker
USDA
Creston Livestock
Tpi
U., Ton
Chronicle-Telegram
Business News
Robert Penick
Labor Department
CETA
Area Business News
RELO
Pella
Lorain Telephone
Larry Robinson
LCCC
Wine Shoppe
Om' Ohio Machinery CO
E. Royalton Road
Broadview Heights
Elmer Hume [Inc
Elmer Hume, Inc
Gevaland Avenue
Amherst
Butler Burider
Ceurier
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