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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Apr 06, 1991
Page
12
Chicago Board of Trade quotes show May wheat at 2.84 to 3.19 per bushel, corn around 2.50 to 2.79, oats near 1.24 to 1.58, and soybeans about 5.86 to 6.21. Regional auction notes from Greencastle and Westminster list cattle, hogs, calves, hay and goat prices with multiple grades and weights.
In Rockville a local safety group promotes a child identification kit for emergencies. Safety & Survival Inc. provides a laminated ID card, photos, birth certificate copy, fingerprints, hair sample, a 10 minute video of questions, and a description for $45. Call 762-4242 for details.
Bargerstown April 3 1992 market quotes for cattle hogs sheep and goats show ranges across categories. Cows high dressing to 36 25 heifers select to 62 50 steers low choice 73 50 stock cattle by weight up to 122 00 Holsteins 50 00 to 102 00. Dairy replacements veal calves pigs and related items included with varying bids. Quotations courtesy Four States Livestock Sales.
The 52 week Treasury bill discount rate dropped to 5.88 percent, the lowest in seven weeks, from 8.06 percent at the March 7 auction. The equivalent coupon is 6.26 percent, with $10,000 face value selling at $9,405.50.
New York markets traded lower on Friday as persistent job market weakness dampened investor confidence. The Dow fell 27.72 points to 2896.78, with declines outpacing advances by more than 3 to 2. Volume on the NYSE floor reached 187.41 million shares, a drop from the prior session.
USF&G Corp chief executive Norman P. Blake Jr told Baltimore employees that a salary freeze will end in July and the work week will rise from 36 to 40 hours. A better benefits package is promised by year end as the lender reshapes its focus after eliminating nearly 2,000 jobs and merging 14 branches to save about 100 million. The plan aims to stabilize amid a 25 percent headcount drop by year end 1990.
Four major banking groups told Friday that a proposed FDIC insurance premium rise to 23 cents per $100 after July 1 could cut annual lending by about $25 billion. They say 1991 premiums would rise by $3 billion versus 1990, reducing capital and delaying regional recoveries. The groups include American Bankers Association, Association of Bank Holding Companies, Association of Reserve City Bankers and Consumer Bankers Association.
The FDIC defended paying up to 600 per hour to Cravath, Swaine & Moore lawyers for recovering losses from Milken era junk bonds. Rep Henry B Gonzalez condemned the fees as repellent. The contract, signed Sept 21, was disclosed after NYT obtained it via FOIA.
Frederick County National Bank sponsors two free home buying and refinancing seminars in Sneadner Hall at Frederick Community College on Saturday April 20. Sessions run 10 to 11 30 a m and 1 to 2 30 p m with brief talks and a panel including Wayne Eyler Betty Ponton Janet Plunkett and Keith Patterson. Alan Ven Douern moderates. Reserve by April 17 with Robin Lawson 698 6100, seating limited, interpreters available, TDD 698 6127. FCNB is FDIC insured and an equal opportunity lender.
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