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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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