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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 24, 1977
Page
3
The new law signed by President Carter cuts taxes for many Americans, raises withholding, and introduces standard deduction tables for most filers. It expands credits, delays sick pay provisions, preserves Earned Income Credit, and replaces some itemized deductions with a simplified tax process.
HUD and Lorain city clash over public works contracts and the Block Grant Program. City contends bids below ten thousand dollars avoided HUD rules while 86 percent of funds go to minority firms. HUD questions citizen participation and appraiser integrity.
Local 1104 president Martin Bartos says a local strike vote may occur in July if the international union approves. Grievances center on subcontracting bans, incentives, and pension supplements, with no local talks since the national agreement.
Columbia Gas of Otio plans a ceiling insulation financing program for homeowners to boost fuel savings. Available after regulatory approval, the plan requires a 10 percent down payment with balance paid over three years, 0 finance charges if paid in 90 days, or 11.08 percent annual interest thereafter.
Bowling Green State University student Mike Monckton lives in an 11 by 14 foot tent five miles from campus to escape monotony. He moves on spur of the moment, camps to save money, travels by 10 speed bicycle, plans westward travels after the quarter. Monckton owns a dog and an Irish setter named Myrian, aims to make a million dollars, buy land, marry, have children and own 27 dogs.
Deputies and Ohio authorities responded after three youths, including a 16 year old girl, attacked deputies with a gun and a board during a struggle to seize weapons. The confrontation involved a 17 year old ringleader shouting threats and the mother surrendering revolvers.
Gerald C. Meyers, 49, formerly executive vice president, was elected president and chief operating officer of American Motors Corp. He succeeds William V. Luneburg, who has reached retirement age, with Meyers reporting to Vice Chairman R. William McNealy. Chapin to retire as chairman and CEO. Meyers joins from Ford and Chrysler backgrounds.
Stan Kenton, famed conductor and arranger of a leading postwar big band, underwent surgery today at a Reading Pennsylvania hospital to correct a cerebral hemorrhage. Doctors indicated the ruptured blood vessel was operable and Kenton, 60, was listed in poor condition after being found unconscious in a motel room Sunday night and unable to speak while preparing for two concerts.
In Lake Odessa Michigan a 72 year old man known as Uncle Carl Behnke created a five foot long dollhouse style chicken coop for a pet banty hen. The structure includes air conditioning, a fireplace with a red bulb, a doorbell, a radio hidden in the walls, wall to wall carpeting and elaborate yard access. The kids enjoy the setup as Behnke donates similar builds to crippled and retarded children, while the hen sits on eggs and the rooster is kept out to reduce noise.
Yesterday's market closed with Wheat at 1.96 dollars per bushel Shelled corn 2 11 per bushel Oats 1 62 per bushel Soy beans 8 82 per bushel Local grain kids report the figures from the Wall Street wide finance section in this C T business note.
Ohio cash grain prices by market area show No 2 soybeans at 9 85, No 1 soybeans 3 85, No 1 wheat 12 07, and No 2 oats unchanged. Instrument Laboratories Inc of Oberlin raises quarterly dividend to 6 cents payable June 17 to record June 10.
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