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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Aug 17, 1983

Page

30

Index 1967 Equals 100 Index 1967 Equals 100

The text presents an index figure set where the year 1967 is used as the base value, equal to 100, with sequence data showing 140.0 and 137.4 as subsequent readings.

Industrial production rises 1.8 percent in July

The Federal Reserve reports industrial output jumped 1.8 percent in July driven by auto production and air conditioning, signaling the third quarter may match the second quarter's surge. Earlier gains included 1.1 percent in June and 1.3 percent in May, with economists noting ongoing recovery momentum.

Industrial Production Rises Reassuring Yet Cautious Outlook

Robert Ortner of the Commerce Department warns despite July gains. He expects the third quarter to be strong but below the second, with the fourth nearer a sustainable 4-5 percent growth rate without inflation. Utilities up 1.5 percent due to air conditioning, possibly easing consumer spending next months. The pace of recovery remains uncertain toward year end.

Robert Ortner Commerce Department Cohen Ortner

Market Dips Amid Mixed Trading On NYSE

Stock prices eased on the New York Stock Exchange as traders faced uncertainty about near term interest rates. The Dow fell 3.05 to 1190.45 with volume at 71.8 million shares. Nasdaq dropped 1.92 to 299.85 and the NYSE composite dipped 0.24 to 94.46. Several tech issues led declines while losers outpaced gainers 874 to 660.

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Dollar Edges Lower as Eurodollar Rates Fall

The dollar eased against most world currencies on predictions of lower U.S. interest charges and weaker Eurodollar deposits. Gold steadied with a London fix at 420.25 an ounce, down from 422.50, while New York quotes put gold at 419.90 and silver at 12.51 by Handy & Harman.

U.S London New York Handy & Harman

Also Mentioned on This Page

Federal Reserve Economist Morris Cohen Hackensack N.J Dave Ball Genesee St Radio Shack Ee Center Micro Erie Blvd Syracuse S. Warren St New York Stockh Exchange Salas Pends Ash Abbott AllidCo HearFd BevivEn Boeing BoiseCa Borden Borger BostEd Briggs Bo SunGeo Brunswick Bucyrus Ut Wat Ke Numac PaliCorp Perinica Ransbra Resortinil Wat Sage Enray Sec Capital Spectra Starrett Hso Sundance Swiftin Tee Sym Teleflex TeeSrient Tex Air Texcan Co TIE Total Pet Tawner Grangerry Ais N.Y Savoy Tots’, Jacke MU Ohryon Busch Bao Tos Billy Valial Nol Yehow Wellington Vista Bella Barletts Romaine Burt Ermach Agt Bskt Batraange Meharry Smnailt Cormasior Dancich Faore Lee Wang LI Aran Andrew Carnegie Tuttle Securities Twalve Many Plaza Tatephone Laguardia Nonstop Nonstop Nonstop Usair la Guardia USAT
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