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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 27, 1978
Page
11
New York stock prices were mixed as inflation and rate worries weighed on sentiment. The Dow edged up to 821.99 after declines on the prior session, while the NYSE saw more losers than gainers and volumes near 32 million shares.
Carroll Boswell, new Food and Beverages Director at Elyria Lorain Holiday Inn, reports June through September sales up 19 percent over last year and projects 1.5 to 2 million in revenue for the 1979 fiscal year. He overhauled menus, standardized recipes, expanded wine program, and added lounge discos and gourmet dining. A major dome expansion and a luncheon club for 200 members are planned to attract conventions and local support.
UPI notes average cash grain prices paid to farmers in Ohio markets after Thursday to today. Northeast Ohio lists No 2 wheat 4.35 dollars, No 2 shelled corn 2.06, No 2 oats 1.38, No 1 soybeans 4.69. Central Ohio shows No 3 wheat 6.44, No 2 corn 2.06, No 1 soybeans price rising. oats unchanged.
In Columbus and New York AP summaries, retailers report egg and butter price ranges. Ohio farms show large white eggs around 71 69 cents, median near 46.71, and prices mostly in the 49 71 cent range, with various delivery and carton details.
Nobel laureate Paul Samuelson warned inflation may persist in a mixed economy. He argued stagflation is built in and that stock hedges against inflation have weakened. He noted welfare and humane policy explain ongoing price pressure and warned against a policy that would cause high unemployment and political backlash.
Mr and Mrs Lynn Weat phal announce the launch of Decorating Den interior decorating service operating from their residence at 6093 Olive St North Ridgeville CT. Photographer Dave Zapa captures the scene.
Cleary Realty Co in North Olmsted invites the public to a pumpkin give-away of two tons in the parking lot at 28253 Lorain Road starting 10 a.m. Saturday. Snacks and drinks provided. At 6:30 p.m. Monday children can bring decorated pumpkins to the office for judging with prizes of 25, 15, and 5 dollars for 1st to 3rd in age groups 6-8, 9-12, and 13-15. Office holiday notice and a seminar listing follow.
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