This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 07, 1982
Page
19
Short term Treasury yields declined in Tuesday auctions with about 5.3 billion dollars in six month bills at 12.976 percent and 5.3 billion in three month bills at 12.806 percent. This marks the first drop since May and the lowest levels since mid June.
Savers and banks posted rate changes as of July 7 1982 with six month certificates at 13.232 percent for savers and 12.556 percent for commercial banks on three month notes. All savers certificates at 9.85 percent return, small saver notes at 14.55 percent, and one year all savers at 9.85 percent. The discount rates from Tuesday’s short term bills influence these rates, with July 11 and July 13 as update dates.
The Treasury announced it will offer $5.3 billion in three month bills and $5.3 billion in six month bills on Monday July 12. The issue aims to raise about $900 million in new cash and retire roughly $9.6 billion of maturing debt.
Chrysler Corp cuts prices on the Dodge Colt and Plymouth Champ imports by 448 dollars or 8.2 percent retroactive to July. New base price is 4995 dollars. Darrell Davis says the models become the nation's lowest priced cars after a 400 dollar dealer rebate.
W R Grace & Co directors voted a quarterly cash dividend of 70 cents per share for common stock, payable Sept 10 to holders of record Aug 5. The rate rises from 65 cents, marking Grace's ninth straight year of dividend increases.
Exxon Corp said it removed 515 million in six debt issues from its balance sheet by depositing sufficient U S government and federal agency securities to cover all interest and principal payments. The securities used to retire them cost Exxon 31 million dollars in cash equivalents.
Washington reports a slight drop in early June mortgage rates for conventional one family loans with 75 percent loan to value and 25 year terms. The Federal Home Loan Bank Board notes the rate at 17.17 percent, down from 17.28 in May and 18.16 in October 1981.
UPI reports June U S auto makers posted the worst monthly sales in nearly 25 years despite incentives steps. Total June 1982 industry sales fell 11 percent to 647 430 with domestic makers down 13 percent. Foreign share rose to 30 3 percent.
AMCA International Corp begun a cash takeover offer of 25 per share for Giddings & Lewis Inc of Fond Du Lac Wisconsin. The bid expires August 2 and AMCA already holds 4.7 percent of the 10.5 million shares. Giddings & Lewis makes machine tools and related products. AMCA operates in steel related systems with subsidiaries including Cherry Burrell of Cedar Rapids.
A mixed session on U.S. exchanges follows the Penn Square Bank closure. Major indices drift with a late blue chip rally as Continental Illinois and Chase Manhattan suffer losses amid takeover chatter and energy loan exposure.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.