Stocks of area interest Friday April 4 1997
Area stocks to watch on Friday April 4 1997 include local issuers and regional listings. Market activity focused on small cap bounds, with traders watching key price movements and potential sector shifts.
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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Apr 05, 1997
Page
8
Area stocks to watch on Friday April 4 1997 include local issuers and regional listings. Market activity focused on small cap bounds, with traders watching key price movements and potential sector shifts.
Market listings for March 31 to April 2 1677 show prices across cattle hogs and calves by weight and class. Utilities high dressing and feeders command top dollars, with steers bulls heifers veal calves and stock cattle quoted in multiple weight bands and regions Westminster Frederick and surrounding auctions included with regional price spreads.
The Garrett County Ray-Ban lens plant ends 26 years of operation with 600 workers laid off as the facility shuts by month’s end. County unemployment rises while 245 seek training and 76 graduate programs in response.
American workers enjoy the strongest employment landscape in nearly ten years as unemployment falls to 5.2 percent in March and wages climb. Analysts warn higher rates could curb growth and inflation, with Fed action seen continuing through May.
Soybean futures on the Chicago Board of Trade dropped about 3 percent as traders priced in Brazil’s coming supplies and weaker U.S. demand. A Brazilian shipment of 53,000 tons could reach the Gulf or be diverted to Asia or Europe within two weeks. Prices, up 27 percent since November, reflect strong world demand and low U.S. stocks. Analysts warn the crunch remains, while Taiwan trims imports by about 15 million tons and hooves disease fears prompt U.S. export caution. Livestock futures mostly down with hogs, cattle and pork bellies retreating on tariff and demand expectations.
A series of free Sunday performances for families runs from April 6 to April 27 at Lakeforest Mall. Events include Raggedy Ann and An, Strathmore Hall Arts Center presents, a firefighter band, Plunky and Oneness, Capital Brassworks Travel the World with Rhythm and Brass, and The Nicole Whimsey Show with juggling and audience participation. Shows at 1 and 2:30 pm. seating first come, first served. April 6 crowd limit 150, lower level across from Information Desk. other shows in center court. Lakeforest Mall sponsors the series.
Crown American Realty Trust which owns the Francis Scott Key Mall in Frederick reports February mall shop sales up 53 percent from February 1996. For January and February the sales gain totals 57 percent versus the same period in 1996.
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