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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 29, 2004
Page
14
U S consumer activity grew 0.3 percent in April while incomes jumped 0.6 percent, signaling continued shopping vigor despite easing price pressures. Economists note a healthier job market lifting wages as Wall Street wobbles ahead of Memorial Day.
Americans like Sharon Jones plan trips abroad this summer boosting travel demand after three dull years. Industry forecasters expect leisure trips to rise about 3 percent with 4 percent higher vacation spending as pent-up demand meets steady gasoline prices and cautious optimism from travelers.
American Stone Indus tries LLC sold an option on 900 acre Cleveland Quarry land to Trans European Securities LLC for 250000. Trans European has 15 months to decide on a 23700000 purchase price. The deal covers land only and preserves existing operations.
Northeast Ohio gas prices fell nine cents this week after a seven week rise. The AAA Fuel Gauge Survey shows self serve regular at 2.00 in Northeast Ohio and 2.02 in Ohio, with a national average of 2.05. A year ago prices were 1.41, and the May 28 price was 1.36. Officials note easing oil prices and summer blends as possible price aids.
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