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Syracuse Herald Journal in Syracuse, New York

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Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Feb 18, 1981

Page

11

Dollar slumps as gold steadies after six week rally

U S dollar fell against European currencies in Europe with 2 1758 marks per dollar from 2 2250 yesterday as gold prices mostly edged higher. London bullion houses fixed $505 an ounce and Zurich opened at $500 50 with slight gains. Silver slipped in London to 14 10 an ounce while U S silver futures rose to 13 90 in New York.

U.S Europe London Zurich New York Handy & Harman Commodity Exchange

Canastota urged as site for Japanese bus plant

State Sen. Martin S. Auer and Assemblyman Clarence D. Rappleyea urge Hino Motor Co to consider the former Champion Homes Henney Motors site in Canastota for a new bus plant. Gov. Carey noted Hino plans a spring survey in New York with a Joint Transportation and Economic Development Task Force, citing Canastota’s central location and strong transport links.

Kenn Peters Albany New York State Canastota Martin S. Auer R-Syracuse Clarence D. Rappleyea R-Norwich Champion Homes Inc Henney Motors Hino Motor Madison County Auer Oneida Products Corp Aban Champion Titan Rappleyen Carey William Hassett Hino Southeast Asia Belgium Orient New York Northeast

Independent gas stations face decline debate in Washington

Washington report outlines a shift as independent gasoline stations disappear while company owned outlets expand. DOE study argues market forces favor mass merchandising and cheaper fuel, but critics say oil firms squeeze independents by leasing stations and removing small-entrepreneur roles.

Jonathan Dedmon Newhouse Washington Department of Energy Atlanta Boston Fort Wayne Ind Houston Los Angeles SOHIO DOE Congress Bedell

Nine Mile Point Unit 1 sets records in 1980 output

Niagara Mohawk reports Nine Mile Point Unit 1 produced 1980 record kilowatt hours and reduced residential bills by about 19 dollars per year. Total output since 1969 exceeds 37 billion kWh, saving millions in oil and surpassing 10th percentile capacity factors among reactors.

Oswego Niagara Mohawk Power Corp Nine Mile Point the Power Company Lempges Nine Mile Point 1 Niagara Mohawk Officals United States Trade Association New York City

GM and Ford join price rebate race in U S market

GM and Ford cut prices with $500 or $700 rebates and 10 percent base price rebates on selected models through March, aiming to curb Chrysler’s gains. Chrysler trails with 7 percent credit rebates, while GM led January market share at 62 percent and Ford challenges with aggressive incentives amid a shifting domestic auto market.

Ford Detroit General Motors Corp Ford Motor Co Chrysler Corp Chrysler Gordon B. MacKenzie U.S Ricardo Dobson Chase Automotive Chase Manhattan Bank Robert D. Burger Harold Jackson

Your Money's Worth (Second of nine columns)

Tax updates explain an increase in interest rates to 12 percent on refunds and underpayments beginning February 1980. It covers casualty losses, IRA/Keogh rules, charitable mileage, medical travel deductions, and a California case on penalties. The piece ends noting a future on supporting a dependent parent.

IRS United States California

Americans see income rise but spending outpaces it in January

The Commerce Department said January personal income reached a seasonally adjusted annual rate of $2.3 trillion, up 0.9 percent from December, while personal spending climbed 1.4 percent to $1.84 trillion. Personal savings fell 10.7 percent to $88.1 billion as higher wages and Social Security tax changes influenced totals. Government transfers rose 0.7 percent, wages and salaries up 1.4 percent, per capita after-tax income at $8.6 trillion unadjusted.

Washington Commerce Department

Also Mentioned on This Page

Business Digest Bancshares of New Jersey Northrup Hershey Motorola Whirlpool Charter Conrail Interpublic Group of Companies Household Finance Corp Wallace Murray Corp Exxon Exxon Corp Exxon USA Economist Karen N. Gerard Afl-Cio Bill Brock Reagan Common Market Japan Tokyo Sun Oil Sun Co Sun Move Assemblyman Rapplever Martin Auer Thomas E. Lempges Nine Mile 1 William McCollamm Jr Edison Electric Institute Securities Analysts Association of Investor-Owned Utilities McCollam Dou Tax Court By Sylvia Porter
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