Dollar climbs to record high against lira before easing
The dollar surged on foreign markets hitting a 1 289 lire peak, then settled near 1 288 amid stronger U S rates. Gold prices fell with global bullion prices easing. yen and euro rates shifted as commodities and stocks moved. Steel imports hit a January record while unions at Ford approved a wage and job security deal.
MENTIONED IN THIS ARTICLE
U.S
Tokyo
London
Zurich
Hong Kong
New York
Commodity Exchange
Handy & Harman
Leading Economic Indicator Declines in January
Washington reports the Index of Leading Indicators fell 0.6 percent in January, marking the ninth straight drop and signaling weak near term prospects. Weather distortions trimmed the impact, with workweek data notably depressed, while three indicators improved including money supply and building permits.
MENTIONED IN THIS ARTICLE
Washington
U.S
Department
Area truck firms face drastic cuts as Eazor shuts regional office
In Syracuse, twelve local drivers including Kenneth Cronke Victor Azzoto and Horace Roberts lose their jobs as Eazor Express Inc starts permanent shutdown. Industry observers warn more carriers in Central New York will follow if deregulation and high costs persist.
MENTIONED IN THIS ARTICLE
Jay P. Goldman
Kenneth Cronke
Victor Azzoto
Horace Roberts
Syracuse
Eazor Express Inc
Cronke
Azzote
Roberts
Pittsburgh
New York
John Amidon
Motor Carriers Association of
Central New York
Razor
Amidon
Charles I. Belden’ Sr
Eazor
Economists predict 1982 prime rate drop unlikely yet rise ahead
A Syracuse University study by Coplin and O’Leary casts a cautious optimism on the economy. They forecast a weak rebound from the recession, with the prime rate possibly falling to 15 percent or lower in late 1982 but argue the decline will be fragile. The study cites a 200 executive survey and notes varied influence from government, markets, banks, and industries while OPEC opposes a rate drop. They used the Prince Model to assess multinational risk and support a rosier near term outlook.
MENTIONED IN THIS ARTICLE
William D. Coplin
Michael K. O'Leary
Maxwell School of Citizenship and Public Affairs
Coplin
O'Leary
K mart store in Garden City marks anniversary
K-Mart shoppers gather around the blue light symbolizing the first Garden City store opened twenty years ago. The piece notes the chain’s expansion, including Syracuse area growth a year later and a 1970 Mattydale fire that led to a new Northern Lights interchange site.
MENTIONED IN THIS ARTICLE
K-Mart
Garden City
Mich
Syracuse
Mattydale
Northern Lights
Interstate Rte. 81
Your Money's Worth Your Money's Worth
Advice on cutting brokerage costs by using discount firms. Warns that while they charge far less than full service brokers, they offer little guidance, research, or personal program planning. Notes discounts range from 25 to 90 percent, averaging about 50 percent, and highlights history since 1975 and NYSE involvement.
Discount brokerage firms and their growing role in 1970s trading
Government backed protections cover customer accounts up to 500000 dollars including 100000 in cash. Discounters now handle 10 to 15 percent of NYSE volume and are expanding. They often charge a per share fee around 12.5 cents with minimums near 30 dollars, and some require prepayment for stock. They offer safekeeping, interest on idle funds, and personal service reps. For active traders, deep discounts can boost net profits, though risks and costs remain. Only experienced, self confident investors should use them.
MENTIONED IN THIS ARTICLE
Securities and Exchange Commission
The
New York Stock Exchange
Securities Investors Protection
Also Mentioned on This Page
United States
American Iron and Steel Institute
Beatrice
Beatrice Foods Co
Coca-Cola Botthing Co
San Diego
Coke
San Bernardino
Calif
SEC
Mobil
William P. Tavoulareas
House
Feds
Federal Reserve
General Accounting Office
Paul A. Volcker
Fed
Congress
Ford-Uaw
Ford Motor Co
Continental Airlines
Citibank
Bevis Longstreth
TDK Electronics
Japan
Commerce Department
Reagan
J Jasond
Space
US of Commerce
Belden
DeLuxe
Hemingway Transport Inc
Hemingway
Bob Guadage
Mushroom Transportation
Canada
Virginia
Cass
New York Times
Teamsters
Oneida Dorn
Car- Motor Freight Inc
North Thompson Road
Reat
Sus
Syracus University
Organization of Petro
Leum
Federal Reserve Board
Prince
Sylvia Porter
Funl Commission
NYSE
Gome
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