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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 30, 1969
Page
19
Birmingham Leasing Company notes booming leasing demand with discounts on tires and parts. For high mileage drivers the lease can exceed buying benefits, while low mileage users who keep cars five years may prefer leasing to avoid depreciation, with depreciation strongest in the first two years.
Robert M. Bownes Jr. becomes superintendent of production at GM Fisher Body plant Elyria, announced by plant manager John B. Findling. Bownes, a native of upstate New York, transferred to Elyria in 1951 from a GM facility in Kalamazoo. He succeeds Kuntz in the role.
Lorain County mortgage activity for the week ending Nov 76 totaled 1 29 656 dollars, about the same as the prior week’s 1 973 911 dollars. The figure trails a 1968 and 1967 comparison week when volumes reached higher levels, with Midland Title Security Inc supplying the figures.
Chart slips to 171.5 Tre Endex slipped 2 per cent in the week as steel output fell 1 per cent and auto output dropped 23 per cent from a year ago. Crude oil refinery runs rose 1.2 per cent and electric power output gained 0.6 per cent. Miscellaneous carloadings rose slightly while farm product carloadings and intercity truck tonnage fell, and paperboard production increased.
In a Senate fight over tax reform Gore, longtime Tennessee lawmaker, promotes raising the personal exemption from 600 to 1000 dollars, arguing relief benefits middle incomes while opponents say costs soar. He cites potential revenue losses and offers alternative approaches to key sections of the 63 page report.
Investor tips discuss bond vintages and inflation hedges. The piece cites par redemption in 2009 and suggests short to mid term maturities, premium selling, and carry rates. It notes sales growth in health market products and a Walworth General Water Works stake amid cost cuts and service settlements.
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