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News in Frederick, Maryland

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Aug 04, 1981

Page

14

United States not Great Britain says C of C chief

Washington column by Richard L. Lesher argues rioting in American cities by 1982 is unlikely and critiques comparisons to Britain's disturbances. He credits Reagan policies with economic balance and private enterprise stability, rebuking media doom forecasts and urging factual analysis over hyperbole.

United States Great Britain C of Richard Lesher Washington Britain Reagan Margaret Thatcher Thatcher Washington Post Henry Fairlie President Reagan Lyndon Johnson Mr. Fairlie America Richard L. Lesher Chamber of Commerce of the United States

Cumberland Synfuel Plant Draws 16 Firm Interests

Sixteen companies including Potomac Edison Delta Industries Mettiki Coal The Island Creek Coal Columbia Gas Transmissions and Dravo Corp show interest in a private Western Maryland synfuel project led by WESTMAR Synfuels Corp The plan would convert 10 000 tons of coal daily into 45 000 barrels of methanol for liquid fuel feasibility could take 12 to 18 months with completion not before 1990 and a federal grant of 2.2 million was denied

Cumberland Maryland Jack Meyer Westmar Synfuels Corp Meyer Potomac Edison Delta Industries Mettiki Coal Corp The Island Creek Coal Co Columbia Gas Transmissions Corp Dravo Corp Tri-County Council of Western Maryland Washington, Allegany Garrett Counties Westmar

July Prices Rise But Not at June Inflation Rate

AP market basket survey shows July grocery costs up driven by butter eggs and pork chops while coffee prices fell offsetting some increases. The August start month bill rose four tenths of a percent from July across 13 cities with six marketplaces higher and six lower.

Associated Press

Dow slips as rate hikes press NYSE amid takeover news

The New York Stock Exchange eased Monday as higher rates weighed on trading. The Dow fell 6.09 to 46.25 with volume at 39.65 million shares. Takeover activity dominated the list with Memorex and Salomon Brothers in play, while precious metals stocks declined including Homestake and Hecla.

NEW York Dow Jones New York Stock Exchange Treasury Homestake Mining USA Campbell Red Lake Sunshine Mining Hecla Mining Phibro Commodities Salomon Brothers Wall Street Memorex Burroughs Corp Conoto Mobil Corp NYSE Exchange Standard & Poor SEP

Tax bill reshapes finance for lawyers and investors

New York reports that a broad tax bill benefits professionals such as lawyers and accountants while offering gains to investors, savers and business owners. Highlights include higher IRA and Keogh limits, a 25 percent R&D credit, and a shift toward securities investments, with guidance from Ira Shapiro of Coopers and Lybrand.

New York The Post Sayer Ira Shapiro Coopers and Lybrand

Donovan told senators labor dept has no authority over Teamsters leader

Labor Secretary Raymond Donovan told a Senate panel the Labor Department lacks authority to remove or challenge Teamsters president Roy Lee Williams. Investigators noted Williams faces civil suits and bribery charges, while Donovan cited the Labor Management Reporting and Disclosure Act as not providing removal procedures for international union officers. Senator Sam Nunn criticized the department’s hands off stance as protecting union hierarchy over rank and file.

Washington Raymond Donovan Senate Roy Lee Williams Teamsters Union Senate Permanent Investigations Subcommittee Williams Labor Department Frank E. Fitzsimmons International Brotherhood of Teamsters Las Vegas Nev Teamster U.S Donovan Department of Labor Northern Illinois Sam Nuno D-Ga Subcommittee Nuno

Also Mentioned on This Page

Fairlie Dow Jones Industrials Aph Port Baltge Ye i Black Dick Clorox Unehad Coca Exxon Comsat Fairchild Ind Bne GenMotors GenStar K IBM Emart Litton Marriott Corp Natl Cp Rmr Mercantile Bakshi Mobil Nod Phil Penney Ay Ak Planta Potom Woolworth Nowra Baker Watts & Co ED Waters JR Business the News Frederick By Louise Cook Baker, Watts W. Patrick & Bentz Street Baker, Watts & CO W. Patrick & Bortz Robert G. Hooper John W. Cutshall John Cunniff Radio Shack DYE Toy Corporation Peiges Stansbury EsroUr Frederickmmunity Slege FCC Goulds North Main St. Mount Airy Ber Goulds Assccny
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