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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 04, 1988
Page
8
AP reports New York closing prices on Comex metals: Gold 43050 per troy oz, Silver 6239 per oz, Platinum 47500 per oz. Spot prices list Aluminum 10400 cents per lb, Copper 9090 cents per lb, Lead 34 cents per lb, Zinc 46-47 cents, Tin 4240 per lb, Mercury 350-360 per 76 lb flask.
Lorain County Farm Bureau Cooperative Association reports closing prices for grains. Wheat 2.71 per bushel, Shelled Corn 2.09, Oats 1.70, Soybeans 5.99 per bushel. Local buyers noted steady demand for corn and soybeans.
The government says productivity rose 0.9 percent last year the smallest since the last recession. Nonfarm productivity in Q4 grew 0.3 percent annualized, with hours worked up 5.3 percent as output rose 5.6 percent, prompting cautious quotes from economists.
Continental Air lines raised business travel fares by up to 100 dollars one way effective March 15. Other major carriers indicated they would match or consider matching the increases in markets where they compete, with Braniff undecided. The move targeted first class and full-coach fares, triggering stock market gains as analysts noted Continental’s shift from a low-fare strategy.
Consignments at the Kidron Auction remained steady with prices rising over last week. Hogs led gains with 180 to 260 lb ranges fetching 40s to 50s while cattle stayed near steady. calves, steers, heifers, cows and feeder stock posted mixed but firm values. feedstuffs and misc items like hay and straw completed the sale with total head 2,125 from 567 consignors.
The Elyria Public Library has added Leadsource to its collection, a local business directory for Lorain County Vermilion and western Cuyahoga County. Formerly Contacts Influential the directory lists manufacturers retailers wholesalers and professional firms with executive names and employee counts.
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