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Cumberland Times News Newspaper Archives Jan 10 1998, Page 5

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Cumberland Times News (Newspaper) - January 10, 1998, Cumberland, Maryland Cumberland times new business saturday january 10,1998 5a Nash a a Kulcke add Tel Asa hold Lith a at com acc Essit a acclaim a Vei Nule 53 3043 12 to i Yojat m 2004 251i Nesst 34 3047 207.42 n 360 or. 4 a i Bop 7893 137i a i Lyro 51 28028 497. 41 14775 347.�??/. Leavis 19 3693 32 3 16 4 7 16 Irr into 5510 62 11-16 4. Us Foch 3009 2 9 32 a a cd a 2829 281 5 16 Fugg 7311 43 16 4 7 32 Iii. 57 5048 19 15-16�?27� Kajj huf Quot adapter 12 29807021 11 16-145 adobes a 16 8294 41 1-16 Vij Quot adv Enid adv pm adv Light adv Raio n Advant Lajoure s agn Bio torn valiant pm Al sem vide a Aldo St Alteon Altera Amazon n am sep atoms Avreet Ems Moncol apr inv amends Vingen Maresco Andrew s Apo geeks a a pinot 9 1.1032 16ve�?pl. 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Aifoi world pm 107623 287v-l7i 2f i94 87. 4 Wurst bin 16 4909 1671 a 2011909 35127. 4245 157-346 Xiling 69 2938 267.�?i1/. 21 18946 35v.�?3v, Xian up 6175 487. 4 7, 21 3564 137.49-16 a a. _ k a yahoos business briefs Shafer Shafer takes american Trust posts Cumberland a James r. Shafer has been appointed As assistant vice president and sales manager for key investor services inc. At american Trust Bank according to Todd e. Richards vice president of sales and marketing. He will be responsible for managing the sales Force As Well As Selling investment products through key investor services and Keystone brokerage. Key investor provides an additional service to relationship management at american Trust. Customers will be assisted in sorting through the various investment options in today a financial world based on their goals and objectives. A native of Garrett county Shafer attended Southern Garrett High school and received his Bachelor of science degree in business administration with a concentration in management in 1995 from Frostburg state University. He has also attended numerous Bank related courses and holds several difference licenses. Shafer began his banking career in 1982. In 1989 he was employed As an associate agent at nationwide insurance. He was also the marketing administrator for friends aware industries. In 1993, he began employment at american Trust Bank As the Community office manager at the Bloomington office. He became the Community office manager at the country club mall office in 1995. He is a member of several organizations such As the Oakland Lodge where he served As past master he is also a member of the Piedmont Lodge knights of Columbus. He and his wife Teresa reside in Rawlings. Smyth awarded certificate Cumberland a John r. Smyth jr., who is with the firm Riggle Smyth amp associates . Of Cumberland and Petersburg has been awarded a certificate of educational achievement in the area of business valuations. The certificate recognizes Pas with considerable professional experience in business valuations. Fewer than 1,000 Pas hold this certificate. Smyth entered the program in 1995 and completed the eighth and final test in Atlanta ga., in the latter part of 1997. The education and testing covered the Basic areas of business valuations including litigation support estate planning divorce planning and valuations for purposes of Selling and purchasing businesses. He has been working in the business valuation Field for Over to years. A Quot in $ j Smyth 8215 257�?17. 25 3600 297�?2 50031 1 16 4 7. 19 5281 557�?3 9-16 30 7388 187�?17. 15 2876 257.43-16 10989 16 /�?5-16 3181 87�?1-16 �38 16915 257.it 2785 1 11-32�?5-32 3221 17.43-32 50 7206 357�?7-16 27 4063 437.41-16 27 3957 41 it 41 7863 247. 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He was transferred Back to Hagerstown As a meter Engineer in 1966. Dickinson was promoted to manager construction division in 1986 and in 1995 he was transferred to Greensburg and promoted to manager construction for Allegheny Power. He was named to his current position in 1996. Dickinson is a graduate of Central High school in Lonaconing class of 1952. He received his bachelors degree in electrical engineering from West Virginia University and an mba from Frostburg state University. He and his wife Willow live in Hagerstown. They Are the parents of three children and have six grandchildren. Wal Mart donates to family Center Lavale a the Cumberland Myca family Center celebrated the Holiday season a Little Early with a Check for $1,506 that was presented by the Lavale Wal Mart associates. The Check represented a percentage of sales Between 7 . And noon on saturday dec. 6. The associates chose to recognize the Center for the service the organization is making in the Community. John Taylor Wal Mart manager said that a thanks to the support from our customers we Are proud to give the Cumberland Myca family Center some of the recognition and financial support it it was the fifth year the store has donated a percentage of Holiday sales to local charities. Don t miss it this a a that to Beyn rvs column appears every thursday in the times news on the Region Page. 7. 17 6752 187.�?7. 4915 387.-47. 2889 8 -7-16 v 13368 227�?17-16 16 3019 13 7-16 4 a 2827 25/�?1 13-16 2918 2 5-321 16 91 3330 44 -27. 7690 377�?37. 25 7912 of it i 7-16 4945 i1/. 84 3360 42 �?17. 44 7461 37s/�?17. 18 3943 govt a it w 18 60235 551 �?213-16 6437 7.43-32 6310 7. 44 2929 467. A it 33 2798 407�?37. 47405 297.4 2 7-16 165170 24 3-16�?7-16 x 7 5080 37�?3-16 23 3626134 la 16�?ivj 5058 37.it 31 5887 15�?13-16 y Klat enc 25 42809 34 13-16�?i/. Uni Ell 3660 71/. Zion cps Komaji 7208 14. �?7. Zitel 3793 12 5-16�?5-16 Zon Agen 18940 62 vat z 21 3242 3?/�?111-16 2943 103-16 it 10262 15-13-16 customer service a guide to the Cumberland times news advertising to place a classified and 301-722-4604 to place a display ad.301-722-4600 questions about an account.301-722-4600 circulation subscriptions.301 -722-4608 customer service.301 -722-4608 circulation billing.,301-722-4608 business questions about an account.301-722-4600 news Story photo request .301-722-4600 sports. 301-722-4600 editorials letters.301-722-4600 weddings anniversaries 301 -722-4600 obituaries. 301 -722-4600 calling from out of town. 800-742-8149 Quot circulation customers service hours 7 . To 6 . Monday Friday 8 . To noon saturday and sunday december jobless figures Edge higher �?T97 Best year since �?T73 Dave Skidmore associated press writer Washington a unemployment Rose slightly in december to 4.7 percent but that Wasny to enough to spoil 1997�?Ts record As the Best year for american Job seekers since 1973. December a seasonally adjusted annual rate of joblessness a up from 4.6 percent in november a still was substantially lower than the rate at the Start of the year 5.3 percent. The average for the year a 4.9 percent a was the Best since an identical rate in 1973. Unemployment Hasni to been lower since 1969, when it was 3.5 percent. December a jobless figures for Allegany and Garrett counties were not available however november a numbers showed Little change for the two counties. Allegany county a unemployment percentage for november was 7.9 percent As compared to 7.3 percent for the same period in 1996. Garrett a jobless percentage for november of 1997 was 11.7 percent As compared to percent in november of last year. In november of 1990, Allegany county a unemployment rate was 9.2 percent while Garrett stood at 11.2 percent. Double digit unemployment was common in Garrett from 1990 through november of last year the Only change occurred in 1993 when the jobless rate dropped to 9.4 percent. The annual jobless average for 1997 in Allegany county through november was 8.9 percent while Garrett a rate was 12.2 percent. Employers added a larger than expected 370,000 jobs in december bringing . Payrolls to 123.9 million. That a 3.2 million More than a year earlier the largest number of jobs created since payrolls grew by 3.9 million jobs in 1994. Labor markets were so Strong last year that for months econ labor department lists average unemployment rates associated press ploy the i average annual . Unzem ment rates according to he labor department 1997 a 4.9 percent 1996 5.4 percent 1995 a 5.6 percent 1994 a 6.1 percent 1993 a 6.9 percent 1992 a 7.5 percent 1991 a 6.8 percent 1990 a 5.6 percent 1989 a 5.3 percent 1988 a 5.5 percent 1987 a 6.2 percent 1986 a 7.0 percent 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 7.2 percent 7.5 percent 9.6 percent 9.7 percent 7.6 percent 7.1 percent 5.8 percent 6.1 percent 7.1 percent 7.7 percent 8.5 percent 5.6 percent 4.9 percent 5.6 percent 5.9 percent 4.9 percent 3.5 percent mists were expecting growth dampening interest rate increases from the Federal Reserve which feared Low unemployment would push wages higher encouraging consumer Price inflation. But except for a single Quarter Point increase in March the rate increases never came. Now with turmoil in Asia threatening to slash . Export sales the fed is Likely to postpone any rate increase for some time and need to Cut rates later this year. Economists Arentt looking for much change this year in the health of labor markets. They believe the unemployment rate will Drift toward 4.5 percent or a Shade lower before rising late in the year toward 5 percent. Despite tight labor markets inflation actually improved in 1997, with a rate of about 1.8 percent compared with 3.3 percent in 1996. Workers reaped the benefits of that in their paychecks. Average hourly earnings Rose a Penny in december to $12.48, bringing the increase for the year to 3.7 percent compared with 3.9 percent in 1996. But with prices Tamer workers inflation adjusted raise of about 2 percent actually was the Best since the mid-1970s. In december Job gains were widespread. Construction companies added 50,000 jobs and manufacturers 39,000. Retailers added 52,000 and finance real estate and insurance firms 23,000. Temporary help firms added 45,000. Computer services with a 17,000 gain in december accounted for 5 percent of . Job growth last year even though it represents Only about i percent of total payrolls. Over the year the Federal payroll shrank by 39,000 jobs but state and local governments added 302,000. The average workweek declined from 34.8 hours to 34.6 hours in december. But in manufacturing alone the workweek increased from 42.1 hours to 42.3 hours a Post world War ii High. Among demographic groups the unemployment rate last month was 4.1 percent for men older than 19, 4 percent for women 14.3 percent for teenagers 3.9 percent for Whites 9.9 percent for Blacks and 7.5 percent for hispanics. Owens Corning plans to Cut 2,200 jobs Toledo Ohio apr Owens Corning plans to Cut 2,200 jobs or 9 percent of its work Force and will close a Plant in Canada because of declining insulation product prices. I it a a in a new the company said Friday it is streamlining around the world As part of a major restructuring program. The Plant being closed is in Candiac Quebec. Chairman and chief executive Glen Hiner said residential insulation prices dropped to percent last year. The company had originally estimated a drop of about 5 percent. News regional news regional obituaries news links opinions Allegany a week in review Garrett week in review Mineral week in review events Church Calendar club Calendar Community Calendar government Calendar festival Calendar weather weather Center sports today in regional sports regional sports review sports Center outdoors with Mike Sawyers business regional business world amp National lust for fun comics amp More movie Central education school calendars school lunches nature notes marketplace classified real estate electronic coupons Why should you advertise on our website a 320,000 hits monthly a accessible 24 hours a Day a full color a free professional graphic design a rates As Low As $1/day because it makes sense. Dollars amp cents. To advertise Call Cumberland times news ask for display advertising 301.722.4600 ext. 2273

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