Small firms lead 1982 nine months stock gains in rally
Solid market advances in 1982 nine months lifted GE and IBM, yet top percentage gains came from small caps. Borman's Farmer Jack in Detroit led, followed by Vendo Co. due to cost cuts and improved profits. Oil and services groups suffered among the biggest losers.
MENTIONED IN THIS ARTICLE
Borman’s
Vendo
John R. Groome
U.S. Trust Co
Groome
Chrysler
American Can Co
Penncorp Financial
My Mary Kay Cosmetics
House of Fabrics
Stop & Shop Companies
Wainaco Oil
Texas International
Pengo Industries
GEO International
Newpark Resources
Unit Drilling and Exploration
Varco International
Kenai Corp
Gold and currency markets mixed as gold climbs above 400
Gold prices rose across New York London Zurich and Hong Kong with quotes from Handy & Harman and fixed pricing at 402.50 in London as the dollar strengthens against the yen. European currencies drifted lower while the pound eased to about 1.689 dollars.
MENTIONED IN THIS ARTICLE
New York
London
Zurich
Hong Kong
Handy & Harman
Handy & Harama
Milk production set to rise despite 50 cent deductions
U S Department projections show milk output increasing in the 1982 83 marketing year despite two 50 cent per hundredweight deductions. Eastern Milk Producers Council economist Joseph Mathis and others say production could exceed USDA estimates, boosted by cow numbers and barn space.
MENTIONED IN THIS ARTICLE
U.S. Agriculture Department
USDA
Joseph Mathis
Eastern Milk Producers Cooperative
Coughlin
State Fair Farm
U.S
Mathis
Thomas Wilson
New York-New Jersey
Wilson
Northeast Dairy Cooperative Federation
Syracuse
Auto sales in upstate mix declines for GM Ford Chrysler
In the last 10 days of September 1982 Chrysler sales in the Syracuse zone rose 9 percent from 1981, with Plymouth and Dodge up 65 percent for the month. Chevrolet passenger cars fell in the final 10 days but rose overall for the month to 2,252. Truck sales surged: Dodges 444, Chevrolets 740. Overall 1982 model year car sales fell 15.9 percent to 5,543,006, the lowest since 1961, as economy and high rates weighed on demand while imports also slid 9.3 percent to 2,140,873.
MENTIONED IN THIS ARTICLE
Upstate
General Motors
Ford
Chrysler
Chrysler Corp
Syracuse
Ray Fisher
Fisher
Chevrolet
Sam Wolcott
Wolcott
Dodge
New York
Vermont
David Healy
Drexel Burnham Lamber Inc
American Motors
Volkswagen of America
United States
Why inner city riots faded and the housing crisis persists
The piece reflects on the 1980s economic slump and asks why 1960s urban riots began with fury and ended suddenly. It cites blight, housing costs, restrictive codes, union rules, and flawed cures such as subsidized housing that traps residents in poverty. It critiques government loans to dishonest operators and dormitory style housing lacking services.
MENTIONED IN THIS ARTICLE
New York City
Inner city housing woes and voucher plans criticized
A New York City resident voices concern over rising rents and gentrification in rebuilt neighborhoods, arguing vouchers expand demand without supply and that political contributions influence benefits. The piece condemns consumer fraud against the poor and warns local action is blocked by lobbyists and complacent officials.
MENTIONED IN THIS ARTICLE
Washington
Also Mentioned on This Page
Syracuse Herald-Journal
Joseph A. Porcello
IBM
Dow
American Stock Exchange
Rocor International
Parallel Petroleum Warrants
SRC Labs
New York Stock Exchange
Federal Energy Regulatory Commission
Tenneco
Sun
ARCO
Agee
William M. Agee
Bendix
Martin- Marietta
Anied
Polaroid
J. Reynolds Tobacco Co
Philip Morris Inc
Marriott
Marriott Corp
Barnes
Congress
John R. Black
Agriculture
Eee
General Motors Assembly
Framingham
Mass
By Sylvia Porte
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