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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 15, 1985
Page
20
Washington AP reports June total business sales fell 2.1 percent to 419.2 billion after a 0.4 percent May rise, the second largest monthly drop on record since 1867. Inventories rose 0.4 percent to 590.1 billion, signaling ongoing sluggish demand and a weak third quarter growth outlook.
Maryland Port Administration will give shippers 41 million dollars in subsidies and price cuts and has launched an advertising push to recapture cargo diverted to Hampton Roads and other ports. The move could cut operating profit by about 25 percent but aims to curb a 20 million dollar annual loss to Maryland's economy from cargo diversion.
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