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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
May 29, 1981
Page
14
European gold markets fail to sustain rallies as London and Zurich fix prices around 478.7 per ounce while Tokyo and New York note mixed moves. A Bank rate cut influenced gold prices, with the dollar softening and energy inventories easing expectations.
Edward McNamara of Northeast Dairy Cooperative Association says an average 60-cow dairy herd would lose over 16000 in gross income if scheduled 85 cent rises in dairy support prices are blocked. He notes current milk prices at 68-69 of parity, arguing inflation slows while consumers need real dairy product information.
Economists watched major banks for word on matching Chase Manhattan Bank's 20 percent prime rate cut from 20.5 percent. Salomon Brothers' Henry Kaufman warned rates may rise overall despite talk of declines as Fed money supply signals influence policy. Officials predicted potential drops by year end as money supply growth slows and inflation cools.
The 2nd Circuit affirmed a tower court’s dismissal of an EEOC suit against Sears Roebuck and Co alleging discrimination at stores in Brooklyn and White Plains. It kept the dismissal but urged better conciliation. Sears highlighted its affirmative action record amid three wins in related cases.
Millions of managers can cut costs by tightening record retention. A Coopers & Lybrand study shows up to 90 percent of business records are needed for less than six months, with 39 percent for less than one year. Create a formal plan, inventory files, and choose economical storage, citing the government booklet Guide to Record Retention Requirements.
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