Dollar slides to five month low in Tokyo trading
The dollar fell sharply in Tokyo to a five month low then opened mostly lower in European trading. It finished at 223.60 yen, down 2.40 from yesterday, as heavy selling pressed the currency. Gold rose marginally with prices around $403.75 in New York and $404 in Zurich. Royal bullion prices in London and Hong Kong also moved higher.
MENTIONED IN THIS ARTICLE
Tokyo
Europe
London
New York
Commodity Exchange
Zurich
Hong Kong
Handy & Harman
West Germany
300 area business leaders hear Irving Trust forecast for 1982
About 300 Syracuse area businessmen attended the Fifth Annual Economic Review in Hotel Syracuse. Bernard Schoenfeld predicted a moderate recession bottoming next spring with a downturn of 1982 real GNP around 3.3 percent for the current quarter, followed by growth late in 1982 as money supply targets keep rates restrained. Gary Yalen urged outperformance of bonds over cash as markets improve.
MENTIONED IN THIS ARTICLE
Joseph A. Porcello
Irving Trust Co
Bernard Schoenfeld
Syracuse
Schoenfeld
Economic Review of
Merchants Bank
Irving Trust
Federal Reserve Bank
Irving
Gary N. Yalen
New York Bank
New York State
Fed
Federal Reserve
Paul Volcker
Alitos
Housing
United States
United Kingdom
Yalen
The
John W. Finlay
Merchants Meeting
Bernard Schoenfeld and Bank
Goulds Morris to OK merger final papers Friday
Goulds Pumps and Morris Pumps plan to sign final merger papers Friday at Morris offices in Baldwinsville. Goulds, based in Seneca Falls for 133 years, will acquire Morris through stock exchange with no management changes expected. Morris, a privately held firm with about 150 employees at Baldwinsville and Radisson, is led by John C. Meyers, descendant of Morris Machine Works founders.
MENTIONED IN THIS ARTICLE
Baldwinsville
Morris Pumps
Goulds Pumps
Goulds
Seneca Falls
Morris
Radisson
John C. Meyers
Morris Machine Works
Personal income data from 1981 Chicago tabulation
U.S. Department of Commerce Bureau of Economic Analysis reports 1981 personal income figures for Chicago. The release summarizes total personal income, per capita measures, and implications for regional economic activity in the year.
MENTIONED IN THIS ARTICLE
Chad
US Department Commerce
Bureau of Econome Analysis
More Stores in Buffalo Closing
Three Hens and Kelly department stores in Niagara Falls Lackawanna and East Aurora will close Saturday, affecting about 135 employees, as part of Twin Fair Distributors Corp plan to cut ongoing operating losses. Twin Fair owns Hens and Kelly and Twin Fair stores. The West Seneca based company employs over 3,000 people.
MENTIONED IN THIS ARTICLE
Buffalo
Hens & Kelly
Niagara Falls
Lackawanna
East Aurora
Hens& Kelly
Joseph D. Laturco
Twin Fair Distributors Corp
Twin Fair ,Inc
Twin Fair
Hens & Keily
Two Guys
King’s Discount Department Stores
New York
Northern Lights
Syracuse
West Seneca
Personal income posts small gain in October
Americans saw a 0.6 percent rise in personal income in October, the smallest since May, while consumer spending fell 0.2 percent marking the first decline since April. The report notes higher saving rates and that the economy may slip toward recession with unemployment at 8 percent. Murray Weidenbaum cautioned about more negative indicators but expected growth and lower inflation by mid next year.
MENTIONED IN THIS ARTICLE
Washington
Murray Weidenbaum
President’s Council of Economic Advisers
New Commerce Department
Your Money's Worth Your Christmas Budget Guide
This item advises mid income readers to plan a $300 Christmas budget on $20,000 gross income, reserving $30 for last minute buys. It suggests using hobbies to find remaindered books or donations in recipients names as tax deductible gifts and proposes splitting expensive gifts into small parts if needed.
MENTIONED IN THIS ARTICLE
Pat Cook
Chemical Bank
Women’s Movement
Creative Christmas gift ideas for frugal celebration
The piece lists practical and heartfelt gift options to stretch a budget. Suggestions include wrapping tennis accessories separately, gifting services in colorful envelopes, homemade baked goods and candies, heirloom items to relatives, thrift shop finds, factory outlet bargains, early holiday shopping, plant cuttings, practical items like socks and towels, affordable magazine subscriptions, and turning pennies into cash at banks.
MENTIONED IN THIS ARTICLE
Pat Cook
Also Mentioned on This Page
Volkswagen of America Inc
Dec
Ted Kade
SEC
St. Joe Minerals
Seagram
Guiseppe B. Tome
Edgar M. Bronfman
St. Joe
Tome
Mobil
Marathon Oil
Ohio
Marathon
Findlay
Bayswater Acquisition
Bayswater
Carl C. Icahn
Unilever Group
Perkin-Eimer
Zayre
Penney
J.C. Penney
Great American Reserve Insurance
Weidenbaum
Organization For Economic Cooperation and Development
Paris
U.S
Reagan
Congress
By Sylvia Porter
Pat. Cook
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