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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 06, 1984
Page
4
In Columbus AP report Prices to retailers show large cartons with extra large eggs at 65 to 68 cents, large at 64 to 67, medium 51 to 54, small 38 to 42 cents. Producers report wading light type hens. Chicago AP notes Midwest egg prices unavailable from source.
AP reports yesterday nonferrous metals with copper at 83.54 to 83.68 cents per pound and lead 23 to 26 cents, zinc 45 cents, tin at 8.1570, aluminum 52.4 to 52.4 cents, gold 342.45 per troy ounce, silver 75.8 cents, mercury 327 to 385 per 76 lb flask, and plate metal 319 to 322 per ounce.
Incal grain bids at yesterday's market close list Whest at 324 per bushel Shelled Corn 264 per bushel Oats 2.15 per bushel Soybeans 535 per bushel for the Mutuals Lorain County Farm Bureau Cooperative Association Inc.
At Creston Auction Monday a total of 336 consigners sold 1 000 head of livestock. Calves ranged from 45 to 71 dollars with various classes including heifer calves and crossbreds. Sheep and hogs also sold with prices listed for good lambs, sheep, pigs and sows. Cattle category included steers, goods, Holsteins, beef cows, feeders and bulls with prices spanning from the 23 to 84 dollar range.
Curtis Mathes plans Grand openings at 7080 Eagle Road Middleburg Heights and 391 Midway Mall Elyria led by president Ludwig A Huck with Mayors Gary Starr and Michael Keys at ceremonies. The nine area centers form the top Curtis Mathes franchise with over 700 stores nationwide all carrying the line. Two more stores in Euclid and Brunswick slated by year end.
The Bakery, Confectionery and Tobacco Workers International launches a full page appeal with Philip Morris workers in Richmond and six paragraphs defending the industry as vital to American workers. The group cites 23,000 union members employed by major tobacco companies and 6,000 lost jobs in five years due to higher taxes, while opposing anti smoking laws as paternalistic.
Gulf & Western Industries Inc. offers to acquire Prentice Hall Inc. for about 700 million dollars in cash at 70 per share for 9.9 million shares. Prentice Hall in Englewood Cliffs New Jersey calls the offer unsolicited and its president Donald Schaefer says directors will meet later this week to discuss it and warns shareholders not to act hastily.
U S government auctions show three month bills at 8.82 percent discount, down from 9.38 percent last week, the nine straight drop. Six month bills at 9.07 percent, down from 9.59 percent, marking continued decline since September 4. New discount rates imply real returns of 9.14 percent for three month and 9.64 percent for six month bills.
National City Bank, fresh from a five week merger with BancOhio Corp, will open 17 new Cleveland area offices, lifting total branches from 54 to 71 while closing 12 BancOhio sites. All new branches will run under BancOhio branding until November 30, then close for two days and reopen December 3 as National City branches. BancChip branches to transfer operations to nearby National City locations.
The piece argues about whether the Federal Reserve lowers rates to aid political ends, noting past actions under Burns and in 1980, detailing passive and aggressive easing, the role of the Open Market Desk, and speculation that rate cuts may occur post election while preserving independence, with Volcker resisting political pressure.
Ford's new management plans up to 25 percent of its U S car sales by 1990 to come from overseas. Don Petersen and Red Poling push a global Ford portfolio including Germany Brazil and Mexico models. GM meanwhile eyes thousands of imports from Japan and Korea but would not exceed about 0.5 million vehicles.
U S auto industry reports a small October sales dip of three hundredths of a percent due to Canada strikes against General Motors Corp. Despite the tiny monthly fall, domestic sales exceeded 6.78 million vehicles, topping 1983’s yearly total.
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