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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 11, 1981

Page

19

Cookie Castle Change Announces New Owners and Offerings

Ajay Prakash and his wife Renu take over Cookie Castle at Francis Scott Key Mall Frederick offering cookies brownies and beverages. Fresh baked five or six times daily no preservatives and homemade style with warm cookies. Plans include donuts popcorn and fruit juices with expansion to other malls.

Francia Scott Key Cookie Castle Ajay Prakash Renu Ed Waters Jr Francis Scott Key Frederick Prakash Cookie City Greenbelt

Stock Market Edges Up Amid Oil Stock Strength and Rate Hopes

New York stocks gained modestly on slow trading as oil shares buoyed the market and investors priced in potential rate cuts. The Dow rose 1.33 to 43.87, with AT&T leading NYSE activity after antitrust expectations, while several banks and oil issues posted gains and Conoco traded near 93 1/2 before closing higher.

NEW York New York Stock Exchange E.F. Hutton Cities Service American Telephone & Telegraph Justice Department At&t Southern Co Public Service Electric & Gas Citicorp Chase Manhattan Exxon Occidental Gulf Tenneco Conoco Seagram du Pont Amax Colorado Standard & Poor S&P’s American Stock Exchange

AVEMCO reports record earnings for second quarter 1981

Arnold H. Johnson and William P. Condon announce AVEMCO Corp net earnings reach 600000 for the June quarter, 2 cents per share, up 29 percent from 1980. First half 1981 earnings total 1940000, 78 cents per share, up 15 percent from 1980. Revenues for Q2 7925000, down from 8125000, while six months revenues hit 14910000, up 27 percent. AVEMCO Insurance Co. posts quarterly gross premiums written 11589000, a 41 percent year over year gain. Year to date premiums total 20120000, up 31 percent from 1980.

Union Trust Arnold H. Johnson William P. Condon Avemco Corp National Aviation Avemco Insurance Co Commerce Clearing House Inc

Baker Watts & C Stock Quotations Notice

Reading of stock quotes shows Baker Watts and Company with prices and closing figures. The notice lists figures in a compact financial snippet typical of early 20th century newspaper pages.

Home ownership proves durable despite high rates study says

John Conniff cites a finance article arguing 5 percent annual house appreciation can yield strong returns when financed at 15 percent. Using a $100,000 home with $80,000 loan, 5 percent gain on value yields a 25 percent gain on initial equity, and deductible interest plus inflation effects may lower true rates. Commerce Clearing House reports second quarter earnings of $8.46 million and year to date $18.46 million, with revenue $82.25 million for Q2 and $173.07 million year to date.

New York

Homeownership as shelter and long term investment

The article argues that inflation erodes cash value but homeownership offers shelter and potential equity. Even with mortgage costs rising, owning a home remains a primary need for Americans, with demand driven by growth in the 25 to 34 age group. If interest rates fall, housing prices may rise less than expected, yet buyers should view housing first as shelter, not a mere security.

Also Mentioned on This Page

Cookie Union Trust Bancorp Baltimore The Union Trust Co Maryland Avemco Energy Conservation Specialists Baker Watts & C Ederick Office Monda Dow Jones Lad Industria CSX Corp Cocacl Fairchild Ind Giant St Gulf O H Harris Kmart Kim Woolworth John Conniff CCH the News the Assoc Wash Cry Gerstown Goulds North Main St Mount Airy, Maryland State Bank No Equitable Trust Company U.S. Treasury U.S United States Federal Reserve Federal Costomers Iunder Sentingeerin Tor Federal Deposit Insurance Corporation Joseph A. Cicero Comte Iy FDIC H. Grant Hathaway J. William Middelton Roy Hoffberger
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