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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 03, 1981
Page
7
Opening prices show mixed moves after early gains. The Dow Jones Transportation Index dipped while the utilities sector posted a small gain. In the first half hour, gainers led decliners by about two to one on the New York Stock Exchange.
Lorain County Farm Bureau Cooperative Association reports local grain bids at market close with shelled corn at 2.34 per bushel oats 2.25 soybeans 6.14 No 2 wheat 3.84 No 2 shelled corn 2.59 No 2 oats 1.93 No 1 soybeans 6.17. Northwest and Central Ohio prices listed with trend notes showing No 2 wheat steady No 2 shelled corn up No 2 oats steady No 1 soybeans up.
In Columbus and Ohio cities egg sales to retailers show Large A white at 82 to 92 cents per carton, mostly 83 to 85. Medium eggs notable at 83 to 89 with most 80 to 82. Cincinnati truck lots 41 to 44 and Cleveland 40 to 44. Chicago wholesale prices largely unchanged with Class I large 60 and large at 8 dollars, mediums 5, smalls 49, nest-run 54, checks 43.
Banks lower their prime rate to 17 percent following the Fed discount rate cut to 13 percent signaling easier short term credit. President Reagan faces budget challenges as Treasuries yield fall. Mobil-Marathon bid battle continues with a court restraining order intact.
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