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
Jun 05, 1982
Page
22
UPI reports stocks slump to an 11 week low as Congress fails to agree on fiscal 1983 budget. Dow falls 11.52 to 804.98 amid slow trading. S&P 500 dips 1.77 to 110.09 and Nasdaq slips 2.28 to 174.82 as declines outpace advances.
Raytheon spokesman notes a quiet leadership move at Amana Refrigeration with Henry J. Meyer rising from executive vice president to president and Alex A. Meyer promoted to chairman and chief executive officer. Both Meyers, unrelated, assume new duties May 1, with Amana plants in Amana and Fayetteville, Tennessee.
The Des Moines IRS district office announced that due to an unexpected surge in estimated income returns it cannot send Form 1040-ES to taxpayers in ZIP codes higher than 50595. Taxpayers in Cedar Rapids Davenport Sioux City and Council Bluffs are urged to call 1 800 362 2600 for a form or to mail a check with a note of the payer name address and Social Security number to the Kansas City center. The note should indicate payment for the second installment of 1982 estimated income tax.
UPI reports M1 money supply rose by 100 million in the latest week keeping growth above Fed targets. Bank of New York analyst William Sullivan Jr sees possible easing but cautions the Fed must avoid moving too fast amid banks' free reserve positions and favorable excess reserves. M1 averages stand at 451.5 billion for the month with a 3.8 percent quarterly gain. Bank lending rose as business loan demand increased by 581 million, while three month rates shifted: federal funds at 13.43 percent, three month Treasuries at 11.79 percent, and three month CDs at 13.52 percent.
GMAC blames dealers for promising on time delivery while tardy shipments undermined its 12.8 percent rate. The program offered about 800 in savings on a typical 7500 loan but required delivery by May 31. GMAC says rules cannot bend and fault lies with dealers, not the lender.
The Canadian dollar fell to 79.79 U.S. cents after Thursday's bank rate rise and May unemployment at 10.2 percent. Bank rates jumped to 15.87 percent with prime rates at 17.5 percent as traders awaited Monday.
Chrysler Corp announced a summer event titled Chrysler Plymouth Value Showdown and Dodge Driving Machine Challenge. Cars from Chrysler and rivals will be displayed at 600 locations where consumers compare features and vote on styling, convenience and comfort. The kickoff includes a Dodge Driving Machine Challenge near Detroit's Grand Prix course this weekend.
Conoco Inc. shuttered two of its three Western Stores in Cedar Rapids due to unprofitability. The Cedar Rapids sites at 425 First Ave SW and 5050 Northland Ave NE were boarded up, with 16 Cedar Rapids employees laid off. The Edgewood Road and Johnson Avenue NW location remains in operation.
United Airlines cuts June round trip super coach fares to 218 to LaGuardia Kennedy and Newark. One way Newark Chicago fare drops to 115 matching New York prices. Spokesman says action to match TWA and prevent market domination.
International Harvester announced a contract to supply cylinder block castings to Cummins Engine for its NH line and new L10 heavy duty diesel engines. The Louisville Kentucky foundry will provide parts worth several million dollars annually to the financially troubled farm equipment maker.
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.