Market swings lift dollar while gold slips amid rates
The dollar rose against major currencies as high interest rates attracted investors, while gold fell about $5 to around $402 an ounce in London fixing and New York trading. Silver gained slightly in London, with New York quotes near $8.56. The report also notes corporate earnings shifts, ad agency appointments, and industry leadership changes.
MENTIONED IN THIS ARTICLE
London
New York Commodity Exchange
Handy & Harman
New York
Yesternday
Handy& Harman
Empire may bid to serve North Country air route
Empire Airlines, once defeated by Air North for Watertown Ogdensburg and Massena service, hints at renewed interest as Air North plans to exit the contract. Coleman Harding says Empire needs Syracuse passengers and may expand routes but would avoid its 85 seat jets for this venture. Officials and mayors urge a reliable replacement and weigh next carrier choices.
MENTIONED IN THIS ARTICLE
Empire Airlines
Utica
Watertown
Ogdensburg
Massena
Air North
Platts
Syracuse
Empire
Florida
North Country
Dorse
Civil Aeronautics Board
Watretown
Burlington
Productivity slips in second quarter amid mixed gains
Washington AP reports that U S productivity fell 0.9 percent annualized in Q2 after a 4.3 percent gain in Q1, with output down 3.5 percent and hours worked down 2.6 percent from April to June. Manufacturing rose 4.2 percent, while farm productivity contributed to overall private gains.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
U.S
Department
Bureau of Labor Statistics
Key Bank Mortgage Volume Up in First Half 1981
Key Bank of Central New York reports residential mortgage volume rose in the first half of 1981 to 113.5 million from 110.3 million in 1980 as loan demand improves after promotions for auto and home improvements. Total lending near 332.7 million, with commercial loans down 5 percent and personal loans up 2.2 million. deposits hold at 515.3 million amid stiff competition.
MENTIONED IN THIS ARTICLE
Key Bank of Central New York
William H. Stevens
Stevens
Key
Crystal ball indexes
Washington explains that the Producer Price Index is valued by professionals as a key inflation gauge though its predictive power has limits amid oil price shocks. Tracing its history from the Wholesale Price Index to today’s three PPI categories, the piece notes the finished goods index dominates usage.
MENTIONED IN THIS ARTICLE
Robert D. Hershey Jr
New York Times
Washington
Donald Ratajczak
Georgia State University
Labor Department
The Case for 55 mph Speed Limit in Era of Oil Crises
An analysis urges drivers to stay at 55 mph arguing it cuts deaths and injuries, saves fuel, and reduces costs. It notes widespread faster driving, mixed state responses to repeal efforts, and warns that higher speeds increase fatality risk while fuel efficiency favors slower speeds and smaller cars.
MENTIONED IN THIS ARTICLE
IRS
North Dakota
Arizona
Nevada
Montana
Wyoming
National Safety Council
New Mexico
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Business . Digest
Nowak
Atr&t
At&t
Justice Department
Justice
Congress
Mobil
sBoth
Dart & Kraft
Bangor Punta
Bethlehem Steel
Xerox Corp
Xerox
Rssumes
Bank Post
John M. Foley Jr
Clay
Manufacturers Hanover Central
Foley
Clifford J. Blair
General Electric Co
Farrell Road
Miliary Electronic Systems Operations
Peter Blair Scalzo
Richard H. Martin
Paul T. Cooney
Robert P. Hartman
Chicago Board of Commodities Futures Trading Commission
Chicago
CBOT
Richard Lockwood
Producer Index
Consumer Index
Drew Lewis
By Sylvia Porter
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