31 Oct 1978
Page 1
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 31, 1978
Page
1
The battered dollar falls to record lows in Tokyo and six European markets Frankfurt Zurich Paris Brussels Amsterdam Milan and others. Gold climbs to about 244 an ounce in Europe amid inflation fears while traders blame policy delays and energy costs for the currency slide.
New York reports a record Dow swing amid a two week rout eroding over $100 billion in paper value. Analysts weigh inflation, dollar erosion and recession risk while margin calls intensify selling as investors seek safer bets and opportunities.
Buffalo PIs Richard Auerbach reread fifth graders essays from 1953 placed in a sealed envelope. Pupils foresaw high prices space travel moon landings supersonic transatlantic flights colored TV and touch dial phones while some forecasts like warmer Buffalo winters proved off.
Local Halloween legends collected by Dr. Joel Rudinger reveal eerie tales from Lorain and Erie counties. The headless motorcyclist on a rural Elyria road and a vanished rider are recounted, with riders' headlights seen shining at night, while other regional folklore blends ghosts and Day of the Dead motifs.
Elyria Salvation Army cut its self help clothing program after Cleveland divisional officials ordered it stopped to avoid competing with a local thrift store. Long says 3,500 to 4,000 pieces monthly previously aided 60 to 65 families. now about 430 pieces are distributed.
RCA in New York announced a major corporate marketing program featuring a four ton reproduction of Nipper the fox terrier listening to his master's voice. The replica, perched atop Albany's 2514 foot RTA building since 1954, includes a beacon on Nipper's right ear to warn incoming flights.
A weak cold front crosses the state bringing partly cloudy and mild conditions for Halloween night. Temperatures rise to the upper 40s and 50s before a cooler layer settles in, with Wednesday morning readings dropping to the mid 30s to mid 40s. Details page A-13.
Mechanical difficulties delayed today's press run and caused page numbers to be out of order. The Mini Pages, usually published Monday or Tuesday, will be released later in the week.
Elyria residents plan Halloween costumes from Hulks Wonder Women Darth Vaders Spider Men and Donny Osmonds as the weatherman forecasts a crisp October night with a one hour trick-or-treat window from 6 30 to 7 30 pm and only a slight chance of rain.
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