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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 27, 1976
Page
3
Ford introduces the 1977 lineup with the theme of choice, offering LTD and Cougar mid‑size options alongside redesigned Lincoln Continental and Thunderbird as the star model. Prices rise modestly, while dealers report mixed stock levels and ongoing strike impacts during the car preview week.
A Cleveland detective squad reports CB radio thefts dropped from 407 per month to 147 per month since February. Surveillance and undercover work led to 45 search warrants and over 100 arrests, with $198,000 in recovered property. High-risk spots include parking lots and downtown garages.
The Commerce Department reports August imports at a seasonally adjusted annual rate of 10.44 billion, down 3.7 percent, while exports fell 3.3 percent to 9.69 billion. The deficit reached 797.7 million, the third largest on record, with declines across major import categories and a wheat export increase. If current pace holds, a 3.9 billion annual deficit is forecast for 1976.
Chevrolet Motor Division previewed its lighter Caprice and Impala models on sale Thursday amid forecast of strong 1977 sales. Robert D. Lund said dealer orders were up 78 percent from a year ago and fleet orders 200 percent ahead, with an expected fourth quarter sales record of about 870,000 units. The Cleveland area, a traditional stronghold, will aid objectives as GM moves to more fuel efficient cars, including plastic parts and two engine options for the new lineup.
CHICAGO AP Scott May of Indiana University, a two time All American from Sandusky, has signed a multi year professional contract with the Chicago Bulls. Terms were not disclosed.
Police link a series of bombings in Cleveland to a gangland fight over gambling and rubbish hauling. A dynamite blast damaged Eugene J. Ciasullo’s former Richmond Heights home. Frank P. Pircio was killed when a bomb in a car exploded as he moved it. Investigators recovered a map marking Ciasullo and Calabrese sites and suspect a gambling house may be targeted next.
The Treasury Department will shift Social Security benefit deliveries to Friday when the third of the month falls on a Saturday or Sunday. About 36 million recipients will be affected, ending weekend delays that left retirees without funds. The policy change follows an appeal by over 30 senators aiming to ease cash access for seniors.
Lorain County Farm Bureau cooperative association notes Saturday market prices with Wheat at 2.51 per bushel Shelled corn 2.36 per bushel soybeans 5.30 per bushel and a cal price of 1.40 per bushel for local grain traders.
Genoa Italy UPI reports a service station attendant Giovan ni Benso found a viper curled on the gas tank of a Fiat 500 as he lifted the hood to service it. A relative coaxed the snake into a milked hole and sealed it inside. The driver drove off without waiting.
New York stocks opened mixed as the Dow fell to 1008.98 while advancers led decliners on the NYSE by about 432. Early activity was brisk but guidance was thin with a Fed money-supply increase weighing on sentiment and bond yields.
In Johannesburg police arrested 36 members of the ultraconservative Herstigte Nasionale Party for a march on Premier John Vorster's Pretoria residence. They faced charges of illegal assembly trespassing and disturbing the peace after storming the residence while condemning Rhodesia policy and a perceived betrayal.
New York UPI reports magazines, amid a turnaround year, posted record advertising revenues for the first half of 1976. PIB member figures show total revenues of $759,243,670, up $120,072,841 or 19 percent from the same period in 1975, per Robert C Gardner of the Publishers Information Bureau.
Elyria Ohio paper The Chronicle Telegram lists address ZB East Avenue Sept 27 1976 issue number 270. It shows second class mail privileges and rates for daily and Sunday editions, with annual subscription price and contact details for offices in Cleveland and Elyria.
The British pound plummeted past 1.70 reaching an all time low around 1.6865 as dealers cited weak Bank of England backing and Union fringe benefits. Analysts warned sterling gloom could deepen if big unions pressed for more gains, despite Healey’s undervaluation claim.
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