Stock Market Slumps as Banks Hike Rates to 18 Percent
New York markets fell with the Dow dropping 12.61 to 1,004.32 while the S and P 500 slipped 1.28 to 133.05 and the Nasdaq closed at 216.22. Bank lending rates rose nationwide to 18 percent, Chase Manhattan and others lifting prime to industry level. Texaco rose on discovery of natural gas off California and Lowenstein surged on potential acquisition talks.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Chase Manhattan Ba
Reagan
Congress
Commerce Department
Standard & Poor
S&p
Texaco
California
Dow
M_ Lowenstein
U.S
Lowenstein
Eastman Kodak
Chase Manhattan
Citicorp
J.P Morgan
NYSE
American Stock Exchange
F&M Bank Posts Gains In First Quarter 1981
Maryland's ninth largest bank based in Frederick reports first quarter 1981 net operating earnings of 4,300 dollars or 0.84 per share versus 460,700 dollars or 0.07 per share a year earlier. Deposits, loans and assets all rise as Charles W Hoffifi cites rate volatility.
MENTIONED IN THIS ARTICLE
Drug Fair Inc
Farmers and Mechanics National Bank
Maryland
Frederick
Charles W. Hoffifi
PEPCO breaks ground for Forestville service center in Prince George's County
Groundbreaking ceremonies mark PEPCO's plan for a 12 million three building Forestville Service Center on a 30 acre site at Old Marlboro Pike and Pennsylvania Avenue north of Suitland Parkway. The plant will house 400 employees with a $39 million payroll, boosting county taxes and service.
MENTIONED IN THIS ARTICLE
Potomac Electric Power
Prince George's
PEPCO
Forestville
Old Marlboro Pike
Pennsylvania Avenue
Suitland Parkway
PEPCQ
W Reid Thompson
Lawrence J. Hogan Sr
Parris N. Glendening
Prince George's County
Alreay
Chalk Point
Montgomery County
Benning Road
District of Columbia
Also Mentioned on This Page
NCE Industries
Solar Science Industries Inc
Beluville
Jerry Robinson
Frederick Towne Mall
Carolye Barrancad
Drug Fair Board
Dow Jones
CSK Corp
Cocac
Comsar
Exxon
Gulf Oil
de Harris
IBM
Marriott Corpalg
Mercantile Baksbr
Mobi
Bos
Tandy
Mit Warner Looh
Ween
Baker Watts & Co
Cewage
Mount Airy
F&m Bank
the News
Aglet
May Reader's Digest
Niat
Optens
Baker, Watts & Crie Otteriats
Goran
Bat Goran
Cali Baz-Aass
NY Stok Exchange
SIPC
Current Options Clearing Corporation
Baker, Watts & Co
Bharathee
York PA
PSPS
RDIAY
ISEB
Prodan Ky
Maine
Pei Sopfing
Purse
Panto S Sion
PNR
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