Penny shortage hits banks and wallets nationwide
The penny supply tightens in Washington D C and Hawaii with banks rationing and a Hawaii bank offering $1.25 for every dollar in pennies. Federal officials note hoarding and copper price shifts fueling the shortage while the Chicago area reports no problem. Public urge to circulate pennies grows as Mint notes vast numbers out of circulation.
MENTIONED IN THIS ARTICLE
Washington, D.C
Hawaii
United Press International
Washington
William H. Wallace
Federal Reserve
U.S
Treasury
Chicago
7Th District Federal Reserve Bank
Giant Food
Bank of Hawaii
Pat Louie
Raiders Free Hostages In Iran Embassy Siege
A dramatic SAS raid at the London embassy ends a six day siege when gunmen withdraw. Sixteen hostages are freed and report their experiences to police while a deceased held person is identified. Abbas Lavasani, 25, is named as the embassy press counselor. Iran’s leadership praises the operation. Scotland Yard notes the end of the crisis with casualties.
MENTIONED IN THIS ARTICLE
Rochester Row
Abbas Lavasani
Saytollah Ehdaie
Margaret Thatcher
SAS
Tehran Radio Today
London
Iran
Khuzestan
Scotland Yard
David McNee
Ohio Lottery Daily Numbers and City Strike Fallout
In Cleveland the Ohio Lottery daily number 983 drawn. Sales $608,230. payoff $190,250. In Youngstown police end four day strike after a 14 percent wage offer. unions seek 14 percent rise with taxes to cover 10 percent. City revenue loss tops $450,000 in Q1 1980 amid steel plant shutdowns. Also in Cleveland a suburban woman to receive $260,000 settlement from four drug makers over a 1955 miscarriage prevention drug.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Ohio Lottery
Youngstown
Doctor hits gold twice in a row in lottery drawing
The Pot of Gold drawing sold 198 tickets at 100 dollars each. Final 10 drew for a 5000 dollar grand prize. Loretta Dakters and her husband kept their tickets to increase odds, while friends held them for the final draw. The Arhars were drawn third and shared in the suspense and surprise. Dr Dakters was in emergency surgery during the event.
MENTIONED IN THIS ARTICLE
Sue Kruszka
Loretta Dakters
Carters
Elyria Memorial
Wellington
Pennsylvania
Ren Athar
Dr. Dakters
Home building slump hits Lorain County demand in 1980
A Dodge division survey shows residential contracts in Lorain County fell 75 percent in March 1979 to 2.4 million and 54 percent for 1980 to date to 6.7 million, while four-county area totals rose 22 percent from 1979 first quarter. High mortgage costs and rising rates curb lending as builders face potential defaults. new mortgage tools and lending powers are urged as remedies.
MENTIONED IN THIS ARTICLE
Lorain County
F. W. Dodge
McGraw-Hill Co
Cleveland
Cuyahoga
Medina
Geauga
Lake Counties
Dodge Division
George A. Christie
Richard Applebee
Home Builders Association of
Savings and Loan Associations
Applebee
Fireworks factory blast kills 1 and injures 9 in Spangler
A series of explosions at Terrizzi Fireworks near Moss Creek Hill northeast of Spangler, Pennsylvania, killed at least one person and injured nine others. Hospital officials said victims arrived with severe burns and more victims were anticipated as rescue squads continued.
MENTIONED IN THIS ARTICLE
Spangler, Pa
UPI
Terrizzi
Moss Creek Hill
Pittsburgh
Spangler
Vince Terrizzi
Roger Wolz
Miners Hospital
Barnesboro
Second Summit County public corruption probe looms after indictments
Akron report says a second wide range probe may begin after Summit County grand jury indicted Sheriff Carderelli, Probate Judge Barbuto, retired Captain Longacre, and investigator Crane on charges of gun running and theft in office. Barbuto linked to receiving stolen property. Hearing dates set May 12 to June 5. Bommarito, present at courthouse, claimed judge’s actions were known.
MENTIONED IN THIS ARTICLE
Akron
UPD
Summit County
Orval R. Hoover
Anthony Carderelli
James V. Barbuto
Carderelli
Barbuto
Clyde Longacre
James Crane
Hoover
United Rubber Workers International
Peter Bommarito
Bommarito
GM Slashes Dividend Amid Auto Industry Slump
GM cut its second quarter dividend from 1.15 to 0.00 per share as U.S. auto sales slumped in April. Industry reports show American car sales fell 30.9 percent to 540,680 units, with Chrysler and Ford expecting losses in Q2. GM posted an 88 percent stumble in Q1 profits, while imports like Volkswagen and Toyota fared better or faced shortages.
MENTIONED IN THIS ARTICLE
Detroit
UPH
U.S
General Motors Corp
Chrysler Corp
Ford Motor Co
Thomas A. Murphy
Elliott M. Estes
Ford
Chrysler
American Motors Corp
Volkswagen of America
Toyota
Should U S limit Cuban refugees to the U S
Readers are asked to clip ballots from the Chronicle Telegram and mail them to Straw Pall in Elyria Ohio to cast votes on whether the United States should limit Cuban refugees. A flood of arrivals is noted with over 3090 on a single day. Ballots must arrive by Friday noon. results will be published Saturday.
MENTIONED IN THIS ARTICLE
U.S
Chronicle-Telegram
Elyria
Ohio
Wales
Also Mentioned on This Page
By Eliot Brenner
Federal Reserve Bank of Minneapolis
Minneapolis
Wallace
Uncle Sam
Mint
Tranian
Abolhassan Bani-Sadr
McNee
Special Air Services Commandos
Britain
Green Berets
Trevor Lock
BBC
Sim Harris
Home
William Whitelaw
Ohio News
Cleveland Des
Wolz
Iva Gordon
Dumm Lumber Co
James V. Higgins
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