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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 03, 1982
Page
54
New York stocks fell modestly amid rate volatility and a stalled economy. The Dow slipped to 907.74 after minor gains and losses, while the NYSE broad indices declined and trading volume cooled. Major movers included Caterpillar, John Deere, Sunstrand, Johnson & Johnson, Bendix, and IBM amid mixed results.
The bond market showed strength across sectors on heavy trading volume as expectations of a slower economy keep rates down. Government and municipal bonds rose, while private money instruments lagged. new issues were well received and yields eased.
Grain and soybean futures declined last week with December wheat at 3.16 per bushel down from 3.39 the prior Friday. December corn fell to 2.20 per bushel from 2.25, and oats slipped to 1.44 from 1.56. Soybeans in November closed at 5.28, while livestock and meats on the CME dropped. Gold, silver, and copper on the NY Commodities Exchange also slid with October gold at 406 per ounce and copper at 59.90 cents.
Cedar Rapids educator and former Air Force man Les Giblin, now a renowned speaker, shares his method for dealing with people. He emphasizes kindness, listening, and making others feel important to earn cooperation, citing his book and a long speaking career with figures like Peale and Brothers.
New York reports from UPI show fired employees aged 40 and above increasingly sue for age discrimination. D&B notes EEOC filings rose 75 percent since 1979 with 9,700 suits in 1981, plus unknown state and local complaints. Factors include rising awareness of rights, employer cuts to staff, and six figure awards fueling new suits.
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