Gold and dollar moves as rates rise in 1980 markets
Higher U S interest rates boosted the dollar on world markets while gold prices fell from gains amid dour bullion forecasts. London bullion houses set $587 an ounce, Zurich traded $563, Hong Kong closed at $568 56, New York at $554. Silver slid to 315 08 in London from 15 40, near yesterday's NY contracts.
MENTIONED IN THIS ARTICLE
U.S
London
Zurich
Hong Kong
New York
Handy & Harman
Commodity Exchange
Bache Halsey Stuart
London) Ltd
Bank of England
Iraq
Dome Dog: Simple Kitchen Design Feeds 50,000 Fans
John Birchfield, an institutional kitchen designer and MSU professor, created a streamlined concession system for Syracuse University’s Carrier Dome. He adapted a small diner’s hot dog method using a recessed fryer for rapid, juicier dogs at 360 per hour per stand, with steamed buns and centralized beer delivery, all to cut delays and boost profits.
MENTIONED IN THIS ARTICLE
John Birch
Syracuse University
Carrier Domefield
Birchfield
Michigan State University
Carrier Dome
Interest rate drop stalls and market signals confuse analysts
The prime lending rate for commercial borrowers remains around 20 percent, down from 21 1/4 but stalled for weeks. Treasury bill yields have fluctuated, dipping to 14.09 percent then rising to 16.46 percent, as economists debate inflation, demand, and Fed policy and foresee a slow, partial decline resuming in the second quarter.
MENTIONED IN THIS ARTICLE
Peter S. Nagan
Newhouse
Washington
Treasury
Federal Reserve Board
New bank regulations near ready for March 1 deadline
Muriel Siebert, superintendent of banking, expects regulations to implement the omnibus banking bill by March 1. The Banking Board will likely hold two February meetings to review comments as banks and thrifts prepare to offer new services. The department promotes consumer understanding with a brochure and signs urging shoppers to compare credit terms.
MENTIONED IN THIS ARTICLE
Joseph A. Porcello
State Banking Department
Muriel Siebert
Ments
Siebert
Syracuse
Erie Boulevard
Geddes Street
Richards
Iran begins repaying bank loans to Iran and U.S. banks
Five U.S. banks report partial repayment of about 5.1 billion dollars in frozen Iranian assets now moved to an escrow at the Bank of England. Banks including Bank of America and First National Bank of Chicago say they have recovered portions of outstanding Iran loans, as the hostage settlement proceeds unfold.
MENTIONED IN THIS ARTICLE
New York
U.S
Iran
Bank of England
Bank of America
Federal Reserve Bank
Treasury
Federal Reserve Bank of New York
First National Bank of Chicago
Ken Arenesen
Chemical Bank
Morgan Guaranty Trust Co
National Iranian Tanker Co
Continental Illinois National Bank &Trust Co
Chicago
Property Fraud Becomes Epidemic In Insurance Scams
A narrative on rising property fraud in insurance, detailing schemes like fake burglaries, false theft claims, lost baggage scams, and contractor fraud. It notes how fraud pushes up premiums, harms honest policyholders, and cites industry efforts to detect and deter these schemes amid a 1981 context.
MENTIONED IN THIS ARTICLE
Paul Gilliland
National Automobile Theft Bureau
NATB
Insurance Crime Prevention Institute
Sis
Las Vegas
Also Mentioned on This Page
Business Digest
Commerce Department
GNP
General Foods
American Home Products
Heublein
Westinghouse Electric Corp
Standard Oil Co
Ohio
Weekly
Automotive News
T-note Sale
The
Federal Reserve
Conrail
Northeast
Congress
Jmaes Florio
House
Lans Wiegand
East Lansing, Mich
UPI
John Birchfield
Ginia
Ment
By Sylvia Porter
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