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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Sep 13, 1988

Page

5

Saudi warning halts tumbling oil prices

On the New York Mercantile Exchange West Texas Intermediate futures settled up 31 cents at 14.49 a barrel after King Fahd urged OPEC and non-OPEC cooperation to curb production. Prices had fallen to 13.75 earlier, the lowest since 1986, as analysts noted a global oil glut and OPEC quota concerns.

New York Saudi Arabia Fahd OPEC New York Mercantile Exchange West Texas U.S George Konikowski Smith Barney Harris Upham & Co Peter Beutel Elders Futures Inc

New York Firms Dominate List of Highest Power Rates

Four of the top nineteen US power companies charging the highest residential rates are based in New York. New York City firms lead the nation, with pricing power edging toward the top of the chart.

State of New York New York City

Stocks and metals market roundup across major centers

In Columbus and New York reports prices for eggs and metals. Eggs to retailers in Ohio cities were too few to report while Comex closing prices show gold at 428 per troy ounce and silver at 6612 per ounce. Nonferrous metals mark aluminum at 1195 per pound copper 102 cents a pound lead 38 cents zinc 69 76 cents and tin 46518 per pound. Mercury quoted 355 365 per 76 pound flask.

Columbus Ohio Cities New York

Mixed rates on new Treasury bills in latest auction

The Treasury sold 7 billion in three month bills at 7.21 percent average discount, down from 7.26. Six month bills sold for 7.41 percent, up from 7.40. Three month rate lowest since 7.18 on Aug 22, six month rate highest since 7.50 on Aug 29.

Washington Treasury Treasury Department

Eastern freezes non union pay through 1990 at 1986 levels

Eastern Airlines will keep pay for non union workers at 1986 levels until January 1 1990 and considers cutting benefits for about 15000 non union managers airport staff and clerical workers. The carrier also seeks court approval to eliminate 4000 jobs while issuing layoff notices to many employees.

Miami Eastern Airlines U.S. Court of Appeals Washington, D.C Eastern Owen Texas Air Corp International Association of Machinists Texas Air International Union of Electrical Workers

Changing of the guard at Playboy Enterprises Christie Hefner to lead

Hugh Hefner abdicates as chairman and chief executive of Playboy Enterprises. Christie Hefner, president since 1982 and COO since 1984, will become chairman and CEO after the upcoming Nov 10 meeting in Chicago. Hefner to remain editor and publisher and act as chairman emeritus while maintaining influence from Los Angeles.

Chicago Hugh Hefner Playboy Enterprises Inc Christie Hefner Playboy Chhef Los Angeles Hefner Kimberley Conrad

Creston Auction Reports Strong Bids Across Livestock Classes

Creston livestock sale saw 334 consignors market 892 head. Prices ranged with calves 60 to 145, cattle mostly 40 to 72, sheep 17 to 60, hogs 30 to 42, and grain bids posted by Lorain County Farm Bureau Cooperative Association for wheat shelled corn oats and soybeans.

Creston Hale Lorai County Farm Bureau Cooperative Association Ino Focal Grain Osterday

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