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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Sep 19, 1981

Page

22

Stocks fall to 16 month low as quarter ends

Markets slide as institutions unload for the fourth quarter amid fears of deficits and a recession. The Dow drops to 836.19, NYSE index hits a 1981 low, and volume on both NYSE and Amex rises as investors brace for continued high rates and weak growth.

New York UPI

Rockwell consolidates operations moving back to Rockwell owned space

Rockwell-Collins staff from Life Investors headquarters began a move to return to company owned quarters. The Telecommunications Products Division with 200 employees will occupy 42,000 square feet on two and a half floors in the Life Investors Building. Most staff head to Building 120 and some to the 35th Street location as the lease ends.

Rockwell-Collins Life Investors Rockwell C Avenue NE 35Th St Telecommunications Products Executive Avionics Avionics Executive C Avenue

Money supply grows 1.1 billion in week to Sept 9

The U S money stock measures M1-B rose 1 1 billion in the week to Sept 9 signaling the Fed faces no pressure to raise rates. M2 revised July August figures show strength while M1-A fell to 360 billion and the federal funds rate eased to 16 09 percent. Steady rain and unseasonable cold hit Iowa.

New York UPI Federal Reserve Fed William V. Sullivan, Jr Bank of New York Sullivan Treasury

Layoff at Harnischfeger Cedar Rapids Plant

Harnischfeger announced a layoff of about 195 factory workers at its Cedar Rapids plant effective at the end of next Friday’s shifts. All shifts remain, but the third shift will be much smaller. This follows a prior layoff of over 30 on Aug 28, leaving about 1,025 employees. The action targets lower demand and inventory, and is said to be indefinite with hopes of pickup after year’s start.

Goodyear Union City Tenn Harnischfeger Cedar Rapids

GNP Falls Again Amid Mixed Economic Forecasts

Government economists report a 0.5 percent second quarter drop in GNP from June to September, the second consecutive decline. Analysts debate future performance as unemployment claims rise and housing starts fall, with some predicting recession while others expect revision and recovery.

Washington UPI Otto Eckstein Data Resources, Inc Lexington Mass

Auto makers raise 1982 prices amid mixed increases

American Motors announces a 4.7 to 5.6 percent rise on 1982 domestic cars with an average $332 overall increase after Renault cuts. Jeep models see varied hikes. Amoco Oil raises wholesale gasoline by 4 to 1 cent per gallon in major markets, potentially lifting pump prices by up to 6 cents by year end.

American Motors Corp Amoco Oil Co American Motors AMC Chicago Standard Oil Co Indiana U.S Dan Lundberg

Rearrange Row Letters for Short Word Scoring

Puzzle instruction from Judd's Solution Tomorrow 1981 United Feature Syndicate. Players rearrange each row of letters into a 2 to 7 letter word using given scoring directions. 7-letter solutions earn a 50-point bonus and blanks count as letters with no value. Proper nouns and hyphenated terms are forbidden.

Judd

Also Mentioned on This Page

NYSE Chicago Milwaukee Corp Chicago, Milwaukee, St. Paul & Pacific Railroad Ralston-Purina Exxon Gulf & Western Northwest Industries American Telephone & Tele Kaiser Steel Stanley Hiller Jr Kaiser Foundation Ashland Oil Dome Petroleum The Wall Street Journal Dome Beaufort Sea Gulf Oil of Canada Amex Ranger Oil National Association of Securities Dealers Rockwell Office Telecommunications Products Third St. SE Build Ings A&p Kmart East Collins Road Iowa Labor Department Herman Liebling Lafayette College Easton Liebling Treasury Department Eckstein Robert Dederick Commerce Commerce Department Amoco United Press International Baltimore Philadelphia New Jersey Minneapolis St. Paul Salt Lake City Milwaukee St. Louis Southeast Atlanta Seichow and Righter Co Scrabble United Feature Syndicate, Inc Mal Judd Scrabble Grams
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