Economy Seen Dropping Further on Leading Indicators
Washington officials warn that the Commerce Department Index of Leading Indicators fell 2.7 percent in September, the steepest since April 1980, signaling a deeper slide for the economy in the coming months. Analysts expect a mild recession but not as severe as last year.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Robert Dederick
Dederick
Reagan
Volcker
Commerce
NYSE Dips Amid Recession Signals and Bank Rate Cuts
The Dow fell 4.66 to 832.95 as market breadth stayed negative. Southland Royalty slumped 85 percent to 29.5 after reports of limited merger talks and a higher turnover, while the leading indicators index fell 2.7 percent signaling deeper recession. Banks cut broker loan rates and Continental Illinois National Bank reduced its prime rate, but gains faded as afternoon trading turned negative.
MENTIONED IN THIS ARTICLE
New York
Chicago
New York Stock Exchange
Southland Royalis
Indea
Continental Ichmois National Bank
Reagan Officials Question 1982 Growth Forecasts
Reagan economic aides acknowledge 1982 growth may fall short of earlier 34 percent target as activity slows. A Labor Department report shows third quarter productivity down 1.9 percent, the steepest since early 1978, while Volcker signals a possible recession but stops short of declaring one.
MENTIONED IN THIS ARTICLE
Iffy
Labor Department
Federal Reserve Board
Paul Volcker
Capitol Hill
Dederick
Commerce
Malcolm Baldrige
OPEC ministers near unified price of 34 a barrel
Geneva reports that OPEC oil ministers in their third meeting in five months pursued a base price of 34 per barrel for crude. Saudi Arabia would lift its price to 34, an increase of 2, with potential 24 cent a gallon impact on U S consumers, while Venezuela and others voiced reservations.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Organization of Petroleum Exporting Countries
Saudi Arabia
OPEC
U.S
Algeria
Venezuela
Also Mentioned on This Page
Nyse
Dow Jones
Exxon
Gulf Gu
Emart
Marriott Corp
Warner L
Whittak
Woolworth
Baker Watts & Co
Frederick
Amsy
Dea A
Pels
Uta Pilly
The
A Ters JR
the News
Frederick, Md
Sheik Ahmed Zaki Yamai
Tayeh Abdul Karim
Humberto Calderon Berti
Subroto
Frederick Court Club
Saunas
Standard Advertising Unit
Pate Tate
Hull
Guy
Tull
Sau
Edward F. Mull
Frederick News-Post
East Patrick Street
D.C
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