Stock market slumps as fears of recession rise
New York stocks fell on light year start trading with the Dow down 6.65 to 784.90 amid more decliners than gainers on the NYSE. Bond prices rose and yields fell while volume dipped to 23.06 million shares, the quietest since Christmas Eve. Major indexes including the S&P 400 and Nasdaq also closed lower on recession fears.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
NYSE
American Stock Exchange
Standard & Poor
S&p
Dow Jones
Ally Pw
Chessie
Fst Pa
Gulf Oi
Harris Wrenchgd
IBM
Kmart
Marriott Corp
MD Natl Cp Mercantile
Bokshi
Mobilon
Penney Zah
Peep Dr Plain
Potom el
Sears
Signal
Standex Uy
Baker Watts & Co
Frederick
Baltimore housing sales slump amid high rates and rising prices
In the Baltimore area housing market March sales fell more than 40 percent while resale prices rose about 49 percent, below the pace of inflation. Realtors cite high interest rates and tightening credit as the main drag, with fewer buyers and longer listings, affecting moderate income buyers most.
MENTIONED IN THIS ARTICLE
Heal Estate
Baltimore
Ken Kerin
National Association of Realtors
Kerin
Federal Reserve
Fletcher Hall
Maryland Association of Realtors
Hall
Tampa
Phoenix
Crown Central seeks price guideline exception in federal rules
Crown Central Petroleum Corp. requests an exception or adjustment to voluntary federal price controls. Officials say the guidelines would cost about 36 million dollars for 1979, using base periods during Crown’s early profit slump, while Crown argues large capital expansions driven by the recovery were not considered. Federal officials note Crown is one of two holdouts identified.
MENTIONED IN THIS ARTICLE
Baltimore
IAP
Crown Central Petroleum Corp
Crown
Crown 15
Business briefs list new executives and promotions
Fairchild Industries of Germantown promotes four vice presidents Joseph S Bravyman George W Hewemann Frank J Schmidt and Martin N Titland join the board. Frank Bolling named director of Communications at the Federal Home Loan Bank Board. Crown Oil faces regulators over wage and price guideline disputes. DOE and Germany plan a Mobil methanol to gasoline plant to convert coal to fuel.
MENTIONED IN THIS ARTICLE
Fairchild Industries
Germantown
William T. Marx
Imetal
Joseph S. Bravyman
George W Hewemann
Frank J Schmidt
Martin N Titland Space Programs
Frank Bolling
Federal Home Loan Bank Board
Public Informatio
Federal Energy Reculatory Commission
Crown
George W. Jandacek
Council On Wage
Your Guide to Consumer Credit and Bankruptcy
A guide by the American Bar Association explains basic credit terms and offers tips for buying now and paying later. It covers finance charges and APR, applying for credit, checking records, debt collection, bankruptcy, and methods for calculating revolving balances. It warns on warning signs of near credit limits and urges gradual payment increases to avoid sudden rate hikes.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
American Bar Association
60Th St
Chicago
ABA
Bar Association
Hasidim Loses Eligibility for SBA Aid
The SBA ruled Hasidic firms cannot qualify as socially and economically disadvantaged minority businesses due to constitutional concerns. The decision notes evidence of discrimination against Hasidim but warns against blanket eligibility for government programs. The ruling limits but does not entirely bar individual Hasidic businesses from pursuing specific programs.
MENTIONED IN THIS ARTICLE
Washington
The
Small Business Administration
Ao Sba
Sears and COMSAT end talks on home television system
COMSAT General and Sears Roebuck discuss ending negotiations over a satellite based home television service. A COMSAT spokesman says the two parties have terminated ties and do not plan further participation. The company notes it will explore alternative proposals to proceed with satellite home service ventures.
MENTIONED IN THIS ARTICLE
Sears
Comsat
Comsat General Corporation
Sears Rorterk and Co
Elevison Senior
Spocesman
Ferars
Comsat Conera
Pion
Coal gains favor as heating costs rise in region
Two area dealers report increased coal use to offset high heating fuel prices. Frederick Brick Works president Lewis J. Martz notes 0 percent more coal purchased in 1971 than 1978, citing higher coal prices, freight costs, and a winter without Gene Ramsburg Enterprises selling coal locally.
MENTIONED IN THIS ARTICLE
Lewis J. Martz
O Frederick Brick Works
Martz
Gene Ramsburg Enterprises
H.C. Summers Inc
Jefferson
Tibet's First Civilian Airport Opens High Above Lhasa
FAR-OUT AIRPORT LHASA Tibet's only civilian airport was completed in 1955 at about 11 000 feet above sea level between two mountain ranges. Travelers who land must endure a 65 mile drive lasting about three hours over primitive roads to reach Lhasa the capital.
MENTIONED IN THIS ARTICLE
Lhasa
Tibet
Also Mentioned on This Page
Crown Central
Ivan Gregger Woodsboro
Mutual of Omaha
United of Omaha
S Cone
Figod Mors
Bess
Bast
Texas Motor Freight Dallas
Robert S Stevens Tit
Sae Ver Wees
Carr Group
Ameniar Optical Com
Barnet Painter Base Farety
Fregenchots
Jonna Pees
Nate Fere
Miri
Bes
Rowen Bope
Rath
Bryant Io
Susae
Carer
Pam BR
Germany
US Department of Energy
Federal Republic of Germany
Mobil Corp
Wesseling
DOE
New Jersey
Mobil
Earier
Caratacher Tres
Fecerz
Hepub Ic
Geerram
Ae. Megs
Toe Paa Poe
Frederick County
Marty Proker
Jane Henderson
Womens’ Realtor Council
Sheila Kayser
Rose Hill Manor
Diane Harper
Annabelle Tresaler
Ross Hill Children’s Museum Committee
Ed Waters Jr
SBA
Rick Rogers
Improvement Corp of America
MICA
Rogers
IRS
Symatabonsi
United States
Roettimens
Durham
Brooklyn
Congress
Congressional
Joseph Roberts
Municipal Dept
Holiday Inn
Frederick Baughman
Patrick St
Baker, Watts & Co
P.O
Frederick Md
Westhermer
Namaks
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