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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 03, 1995
Page
11
Pre ier Bank & Trust will relocate to a three story plus base design near Midway Mall, expanding to 31,000 square feet from 20,000. John Kreighbaum says space will be used more efficiently and the branch should finish by spring with an ATM in place and driveup lanes opening next week.
P C Campana Inc joins with Evertz Co to form Campana Evertz Technical Services. The new entity will be headquartered in Lorain and focus on casting repairs grinding and magnets for steel. Construction will be on an as needed basis with anticipated employment growth.
Westlake Ohio Clinic plans a new aesthetic and plastic surgery facility at 26200 Detroit Road after Planning Commission approval. The under 8000 square foot building will sit toward the rear of the lot, with 59 percent of the site preserved and space for future expansion. The clinic now shares space with Renaissance Medical Centre.
The Lorain County Farm Bureau Cooperative Association announces yesterday's market close prices with wheat at 4.22 dollars per bushel, shelled corn at 2.88, oats at 1.50, and soybeans at 5.92.
Creston stockyards saw 251 consignors move 900 head Monday. Prime cattle topped with steers 65.60 and heifers 64.50. choice steers 62 to 65.60. Holstein stock and cows traded around 52 to 60.75 and 34 to 38.75 respectively. Feeder cattle included 33 head. veal calves brought 90 to 120. sheep, goats, and lapsed entries noted with multiple price ranges and fewer feeder offerings.
The Treasury sold 12.6 billion in three month bills at 5.34 percent discount, and 12.6 billion in six month bills at 5.38 percent. The implied yields are 5.50 percent and 5.62 percent respectively. The Fed reported one year T bill yields rose to 5.69 percent from 5.57 percent.
Lorain County business leaders endorse Issue 3 a 10 year 1.2 mill property tax to fund the University Partnership at Lorain County Community College The plan aims to keep graduates local by enabling bachelor degrees on campus and would cost a homeowner with a 70000 appraisal about 28 a year.
Elyria York International argues it has met and exceeded abatement terms since 1993 and should not face termination. Rick Burt asserts compliance while the city weighs whether to retain reduce or end the 95 percent tax exemption with a 1995 50 percent step down and investment and job targets. The issue centers on a Source One Parts Depot relocation and a disputed department reference in the agreement.
PremierBank & Trust chief Kreighbaum says a major company could build a facility in Lorain County but the odds are very remote. He kept details confidential after a Monday Amherst Nordson Corp news conference where officials promoted Issue 3 and urged business in the county. He says he aims to persuade the firm to come despite low probability.
Commodities report shows Gold at 382.20 per ounce and Platinum at 419.50 per ounce while Silver trades around 5,260 per ounce and Palladium near 140.65 per ounce. Copper leads gains with lead and zinc quoted at varied 2 pound units. mercury listed at 250 per 76 pound bag.
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