Mixed indicators, stocks climb as tariffs roll back
Wall Street resumed gains with the Dow up 9.99 to 884.89 as volume topped 106 million on the NYSE. Rates fell, boosting sentiment while euro subsidies drew ire, and Bethlehem Steel announced cuts affecting 700 at Johnstown. Allis-Chalmers cut wages for 6,600 workers amid market woes.
MENTIONED IN THIS ARTICLE
United States
Wall Street
New York Stock Exchange
Treasury
Chemical Bank
Commerce Department
Steel
Dow and Broader Market Rally As August Advances
The stock market extended August gains with a broad advance after a mixed opening. The Dow Jones rose 9.08 to 884.89 as NYSE volume topped 106 million shares, with more than 1,250 issues up and transport and utility indices showing gains.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Mmeasure
NYSE
Uurnover Ulicl.oo Miluon
American Stock Exchange
Martin Marietta
Bendix
Teledyne
Data General
Prime Computer
Market In Brief Consolidated Trading Report NYSE
NYSE issues condensed trading data for Wednesday August 25 with total volume 123,240,720 shares. eNYSE index stands at 67.39 up 1.29 points and S&P Composite at 117.58 up 2.24 points.
MENTIONED IN THIS ARTICLE
Motorola
Continental Illinois
Atlam
Delta Airlines
Burlington Northern
Missouri Pacific
Norfolk Southern
Standard & Poor
S&p
NYSE
News Briefs From The Frederick Market Desk
The Frederick area business desk notes trading activity and notable price moves in regional equities and commodities as of late August 1982. Analysts comment on inflation signals, consumer spending, and upcoming earnings reports shaping the local market mood.
Intra state merger forms First Federal and Montgomery Federal
Officials announced the voluntary merger of Montgomery Federal Savings and Loan of Bethesda into First Federal Savings and Loan Association of Hagerstown. Total assets rise to about seven hundred million. New leadership includes James A. Early as senior vice president and S Thomas Stathes and Frank C Frantz as directors. Montgomery Federal offices in Bethesda Silver Spring and Kensington join First Federal in Hagerstown with advisory presence for remaining Montgomery directors. Montgomery founded 1959. First Federal founded 1924 with offices across Hagerstown Frederick and Bethesda.
MENTIONED IN THIS ARTICLE
First Federal Savings and Loan Association of
Hagerstown
Montgomery Federal Savings and Loan of
Bethesda
First Federal
E7tentilan
David B. Roy
James A. Early
S. Thomas Stathes
Frank C. Frantz
Montgomery Federal
Silver Spring
Kensington
Metroteller Banking
Frederick
Jeep and Renault sales rise in AMC Washington zone
American Motors Sales Corp. reports six month period ending June 30 1962 showing Jeep and Renault growth in Maryland North Carolina Virginia and the District of Columbia. Jeep up 23 percent from last year and June sales up 42 percent year over year. Zone Manager Harry Scharf credits pricing adjustments and new programs from Jeep.
MENTIONED IN THIS ARTICLE
American Motors Sales Corp
Washington
Jeep
Renault
Maryland
North Carolina
Virginia
District of Columbia
AMC
Harry Scharf
Jeep Orp
DuPont offers one-time attrition incentive in Delaware
DuPont announces a one-time voluntary separation program for professional and management staff in the Wilmington area. Eligible employees can leave between Sept 15 and Oct 15 with termination by Nov 0, receiving one week of pay per year of service plus their accrued pensions. Departments will gauge excess staffing, with 5 to 5 percent of about 14,000 workers likely to participate.
MENTIONED IN THIS ARTICLE
Wilmington, del
DuPont Co
Wilmington
Carl de Martino
de Martino
Pittsburgh Couple Sues Annapolis Crab House Over Rock Shrimp
A Pittsburgh couple, Neil and Susan Cohen, sue Annapolis Crab House Inc. alleging defective rock shrimp caused finger cuts and subsequent infections with high fever and dizziness during a vacation visit two years ago. They seek more than $10,000 in damages.
MENTIONED IN THIS ARTICLE
Pittsburgh
Maryland
Neil
Susan Cohen
Annapolis
Cohens
The
Goodies Crab House Inc
S&Ls cautious on rate cuts as housing outlook tight
John Cunniff reports falling rates lift hopes for buyers but lenders delay cuts until stability returns. S&Ls and savings banks face old loans and 13 percent certificates keeping costs high, with builders adopting a wait-and-see stance amid a housing market tempered by past rate swings.
MENTIONED IN THIS ARTICLE
New York
Savings and Loan Associations
S&ls
James Kendall
U.S. League of Savings Associations
Bill Young
National Association of Home Builders
Also Mentioned on This Page
U.S. International Trade Commission
Bethlehem Steel Corp
Johnstown
Volta Mn Aad
Dresser Industries Inc
Dallas
Weoesecter Opreid
IBH Holding AG
Allis-Chalmers Corp
Associated Prees
Dow
Dow Jones
Ally Pwrat
Black Dr
CSX Corp
Clorox
CocaCl
Comsat
Exxon
Fairchild Ind
Fst Mdine
Fedders
GenStar
S.&p Com
eDow Jones
the News
Cleveland
Plain Desie
Mursday
Talbot
Richard Terikel
Weduceday
Ohio
Elkton
Beina Akecekt
Pitt
John Cunniff
Savings and Loans
Young
Suscinéad Press
Beree
Radio Shack
Tandy Corporation
Frederick Reece
Pam
College
EREDE
Erry
Rosemont Avenue
North Market
Frederick County National Bank
Rosement Ave
ASE
Patrick Se
Phene
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