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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 22, 1985
Page
4
In Columbus and major Ohio cities egg prices for cartons delivered show Extra large 63 to 68 cents, large 60 to 67, medium 53 to 58, small 44 to 48. Light type hens are too few to report. Midwest EGG- Producers Co operative quotes Class 1 50, Class 2 46, Class 3 39, Class 4 47, breaking stock 44.
Prices across cattle dairy and hog categories held firm with Holstein springers fresh cows and feeder pigs in strong demand. Beef cattle and hay prices showed resilience. next Kidron machinery sale set for Saturday March 30 with consignments sought next week.
Local grain prices reported by Lorain County Farm Bureau Cooperate Association Inc show Wheat at 3.32 dollars per bushel Shelled Corn at 281 dollars per bushel Oats at 220 dollars per bushel and Soybeans at 579 dollars per bushel.
U S corporations posted a 0.4 percent after tax profit gain in the fourth quarter of 1984 after a steep drop the prior quarter. The Commerce Department notes 1985 prospects are cloudy with GNP expanding at 2.1 percent in the current quarter versus 4.3 percent previously. Analysts view the weak earnings in Q4 as unsurprising given slower growth.
GM faced a possible delay beyond the May 1 target for Saturn plant site selection as visits from governors and extensive incentives flood the process. The $5 billion project would employ 6,000 people, expand to two foundries and a plastics facility, and aim to produce a high tech subcompact by 1990 near a research university.
J David Dominelli and Parin Columna pleaded guilty in federal court to mail fraud and related charges connected to the collapse of Dominelli investment empire. Dominelli admitted running a massive investor fraud scheme with potential penalties up to five years per count and fines from one thousand to five thousand dollars.
Florida frost sharply boosted food costs, lifting overall consumer prices 0.3 percent in February and 4.2 percent annual rate. Durable goods orders slipped 0.2 percent after a January surge, with fuel and oil trends influencing the outlook amid rebound in oil prices.
COLUMBUS AP Conferees from the Senate and House plan to resume talks Tuesday on an emergency farm loan bill to aid farmers planting Spring crops. Rep David Hartley chairman of the six member panel says arbitration services for farmers and bankers to avoid foreclosures is the main feud. The panel met twice Thursday, advanced no arbitration progress, and did not resolve two other sticky issues. Leaders seek quick enactment so $100 million can be available through local banks at low interest.
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