Dollar climbs as Polish crisis sparks market jitters
The dollar rose against major currencies in early European trading while gold and silver prices advanced. Weaker market signals touched bullion activity in London Zurich Hong Kong and New York with gold around 523 an ounce and silver near 12.23 an ounce. Corporate moves included Noranda’s bid for MacMillan Bloedel and Cincinnati? Bonnis budget talks and White House plans for Synthetic Fuels Corp. Regulatory and industry notes cited FTC action against Volkswagen and Nissan price hikes. Labor and merger chatter surfaced with Brooklyn Metropolitan Savings merger plans and auto industry layoff updates.
MENTIONED IN THIS ARTICLE
Europe
London
Zurich
Hong Kong
New York
Handy & Harman
Commodity Exchange
Inflation Upward Push Shocks Wholesale Prices in March
The Labor Department reports a 1.3 percent march rise in the wholesale price index led by a 6.1 percent jump in energy goods and 0.8 percent in food. Unemployment held at 7.3 percent as consumers face higher costs, with jobless rates varying by group and total employment up by about 500,000 to 98.4 million.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Reagan
Thrift industry attacks money market funds over regulation
The thrift industry led by savings and loan associations argues MMMFs drain deposits, boost inflation, and harm housing by offering high yields. They press for tighter limits on MMMF interest and mandatory reserves, aiming to apply bank-style controls and extend reserve requirements to MMMFs.
MENTIONED IN THIS ARTICLE
John Cunniff
Savings and Loan Associations
MMMF
Mmmfs
William B. O'Connell
U.S. League of
Paul A. Schosberg
Savings Association League of
New York State
O'Connell
RPI to create college sponsored industrial park near Troy
Rensselaer Polytechnic Institute announces a 1200 acre North Greenbush venture with 3 million dollars for roads and sewers to launch a college sponsored industrial park. The project aims to give faculty and 5700 students real world experience, potentially yielding up to 100 million dollars payroll and 5 million in annual tax revenue.
MENTIONED IN THIS ARTICLE
New York
UPI
America
Rensselaer Polytechnic Institute of Troy
George M. Low
RPI
North Greenbush
Troy-Albany
University of Cincinnati
Antioch College
University of Rochester
State University
Stony Brook
Long Island
Deregulation Boosts Small Air Carriers in 1981 Medal Talk
Empire Airlines president Paul H. Quackenbush says the 1978 Airline Deregulation Act opened markets for short haul jets and low fares as larger carriers retreat. Frederick W. Smith of Federal Express received the 1981 Salzberg Medallion for transportation contributions. Smith, 36, is the youngest honoree.
MENTIONED IN THIS ARTICLE
Empire Airlines
Paul H. Quackenbush
Empire
Quackenbush
Syracuse University
Salzberg
Frederick W. Smith
Federal Express Corp
Harry E. Salzberg
Smith
Federal Express
Taylor Wine Names New President From Clinton Area
Michael J. Doyle of Clinton near Utica was named president of Taylor Wine Company Inc in Hammondsport NY. He will oversee all New York state winery operations for The Wine Spectrum group that includes Taylor and Great Western brands. Doyle succeeds Joseph L Swarthout who plans retirement August 1. Doyle holds a BA from Williams College and an MBA from UVA Darden and joined Taylor Wine Co as general counsel in 1976.
MENTIONED IN THIS ARTICLE
Michael J. Doyle
Clinton
Utica
Taylor Wine Company Inc
Hammondsport
New York State
Wine
Spectrum
Taylor and
Great Western Wineries
Doyle
Joseph L. Swarthout
Aug. I. Doyle
Williams College
University of Virginia
Darden School
Taylor Wine Co
Your Money's Worth and the U.S. Tax on Investment Income
An analysis compares the United States with Japan, West Germany, France, Britain, Sweden, Canada, and Italy on how investment income is taxed. It notes the U.S. current bite is higher for both $50 000 and $20 000 earners, with potential shifts if Reagan tax cuts on investment income passed, and cites a 1980 NYSE index ranking where the U.S. trailed Japan and West Germany in real growth.
MENTIONED IN THIS ARTICLE
Japan
West Germany
U.S
Price Waterhouse & Co
New York Stock Exchange
France
Britain
Sweden
United Kingdom
Canada
Italy
Also Mentioned on This Page
Business Digest
Noranda Mines
MacMillan Bloedel
British Columbia Resources Investment Corp
Bonn
Bonnis
Helmut Schmidt
EEC
White House
Oklahoma
Edward E. Noble
Synthetic Fuels Corp
R.J. Reynolds
Rothmany International
Reynolds
Philip Morris
Intel
Matra- Harris Semiconducteurs, S.A
Volkwagen
FTC
Brooklyn
Mutual Savings Bank
Metropolitan Savings
Brooklyn Savings
Datsun
Nissan U
Consolidated Rail Corp
Congress
Conrail
Robert W. Blanchette
House
Producer Price Index
Federal Reserve
Low
Stanford
Silicon Valley
Princeton
Forrestal
Tet
Télephoto General Electric Co
New York City
Don Haag
Jim Stone
Automation Systems
Taylor Wine
By Sylvia Porter
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!