Passbook Interest Hike Helps Some Small Savers
Government approves a 0.5 percent rise in passbook savings interest effective Nov 1, lifting rates from 5% to 5.5% or 5.34% at banks. The change is seen as aiding small savers but unlikely to spur a large surge in new accounts across area banks.
MENTIONED IN THIS ARTICLE
Depository Institutions
Savings and Loan Associations
Gregory Smith
Citizens Home and Savings Association
Smith
Neil Hubbard
Northern Savings and Loan
Hubbard
Banks
Savings and Loans
DIDC
Robert Manion
First National Bank of Elyria
Greg Smith
Citizens Home Savings
Ohio
Westlake branch eyed by Lorain County Bank
Lorain County Savings and Trust Co may open a Westlake branch in the Crocker Bassett Road area off Route 2. Spokesman Jack Baird cites high income area and Ridge Tool as local ties, with a goal to open by year end if feasibility is approved.
MENTIONED IN THIS ARTICLE
Lorain County Savings and Trust Co
Westlake
Jack Baird
Crocker- Bassett Road
Nordson Corp
Ridge Tool Co
Scott & Fetzer
Grafton
Baird
Ridge Tool
Cleveland
Elyria
Ridge Tool and
Nordson
Lorain County Bank
Ameri- Trust
Central National
Euclid National
National City
Union Commerce
Sadat claims U S airlifted Soviet arms to Afghan guerrillas
Egyptian President Anwar Sadat said in a NBC News interview that the United States secretly airlifted Soviet-made weapons to Afghan guerrillas for 21 months after the 1979 Soviet invasion. He said weapons were ferried in American planes to Pakistan. State Department spokesman declined to comment, noting most arms came from indigenous sources or captured Soviet equipment.
MENTIONED IN THIS ARTICLE
New York
UPI
Anwar Sadat
United States
Egypt
Sadat
NBC News
Cairo
Afghanistan
Washington
Pakistan
State Department
Kremlin
Middle East
Ohio Savings recalls about 50 low mortgages
Ohio Savings Association plans recalls on about 50 customer mortgages from earlier years with a 10 year balloon clause. Officials note no wholesale industry move and say few talks occurred in Elyria, with some homeowners offered options including paying off principal at a five percent discount.
MENTIONED IN THIS ARTICLE
Ohio Savings Association
Lorain County
Ohio Savings
Neal Hubbard
Northern Savings and Loan
Elyria
Ohio
Buffalo
Olmsted Falls
Flair Corp
Gerald Goldberg
Goldberg
Big ship pact moves to Lorain yard
American Ship Building Co transfers half of a 73 million contract to Lorain after Tampa Port Authority refuses to renew the lease on the port facility. About 1,900 workers at Lorain yards idled since April amid wage talks and a contract dispute. The move shifts two mid bodies of four Moore McCormack container ships to Lorain for final assembly.
MENTIONED IN THIS ARTICLE
Lorain — American Ship Building Co
Tampa
Amship
Lorain
Lorain Yards
Lorain Shipbuilding
George Steinbrenner
Blanchette
Moore McCormack Lines ,Inc
Tampa Shipyard Inc
Steinbrenner
Night Frost Possible In Low Areas With Mild Lows
The forecast calls for clear skies tonight with a low around 35 to 40 degrees and a near zero chance of precipitation through Thursday. Winds will fall to about 10 mph or less tonight and become variable. Thursday should be sunny with highs mid-60s. Sunrise is 7:15 a.m. Sunset 7:23 p.m. Details on Page A-3.
Also Mentioned on This Page
County Bank
U.S
Nathaniel Hopkins
Caesar’s
Boardwalk Regency Hotel
al Cade
Atlantic City
N.J
Hopkins
S&l
Victor Stewart
Pioneer Federal Savings and Loan
Pioneer
Northern Savings
Citizens Hom
Evans
Joe Cournomer
Plains
Rockies
Cournomer
Madison
Mich
Indian Ridge Museum
West Ridge Road
Bob Bailie
David Knox
Paul Blanchette
Boilermakers Local 358
American Ship
Accent
Oberlin
Kleindienst
Celeste
Paae
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