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Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Feb 29, 1980

Page

7

Area builder voted to NAHB position

David C. Smith of Frederick County is elected Area III Vice President of the National Association of Home Builders for the coming year. He will represent Maryland Virginia Pennsylvania Delaware and the District of Columbia as one of 15 national vice presidents. Smith has long NAHB activity including Maryland national representative three years past president of several state and regional home builders groups. He is named to the NAHB Research Foundation Inc board of directors for 1980 by NAHB President Merrill Butler.

David C. Smith Frederick County Area III National Association of Home Builders Smith Maryland Virginia Pennsylvania Delaware District of Columbia Area II NAHB State of Maryland Institute of Home Builders Frederick County Home Builders Suburban Maryland Home Builders Metropolitan Washington Home Builders Council Merrill Butler Nahb Research Foundation Inc

Workers reject oil companies contract in Denver

In Denver a key policy committee of the Oil Chemical and Atomic Workers Union rejected offers from seven major oil firms including Shell Union Texaco Gulf Amoco Chevron and Standard Oil of Ohio. The move leaves more than half of about 52 000 refinery workers still on strike as talks loom for new negotiations.

Denver Oil Chemical and Atomic Workers Union Committee Shell Union Texaco Gulf Amoco Chevron Standard Oil Bob Gossike Mert Bian Jones

Blue chip rally fades as market ends mixed in session

The Dow slid 0.68 to 854.44 after an earlier rise, as oil and resource stocks led late gains but broad markets failed to follow. Losers outpaced gainers on the NYSE 4-3, with oil issues active yet fading near close amid a weak January trade deficit report.

NEW York New York Stock Exchange Mobil

ABA National Credit Conference Set For March 16 18

More than 800 senior lending officers will gather at the American Bankers Association 32nd National Credit Conference March 16 18 at the Hyatt Regency in Atlanta. Topics include inflation, credit policy, and how government actions shape lending in the 80s with panels featuring A Robert Abboud William McChesney Martin Jr Archie Davis and Willard C Butcher. Conference chair Charles J Kane says sessions will address policy and the international environment as banks plan for the decade ahead.

the &S American Bankers Association ABA Hyatt Regency Hotel Atlanta Charles J. Kane Third National Bank Nashville Tenn Willard C. Butcher Chase Manhattan Bank New York N.Y Butcher Chase Manhattan Kane ABA Commercial Lending A. Robert Abboud First National Bank of Chicago William McChesney Martin Jr Federal Reserve Board Jody Jackson American Bankers Assoc Connecticut Ave N.W Washington, DC

Gelico reports higher quarterly and annual earnings

Government Employees Life Insurance Co. and subsidiaries announced fourth quarter operating income of 2.2 million up 19 percent and full year income of 8.2 million up 2 percent. Net investment income rose 9 percent to 11.7 million while individual life policy sales climbed 14 percent to 198 million.

Government Employees Life Insurance Co

Energy program funds new ideas in renewables

Congress authorizes the Department of Energy to implement a program to support development of ideas in solar heating wood uses wind systems geothermal resources aquaculture methane production and small hydroelectric systems. Region I includes Delaware Maryland New Jersey Pennsylvania Virginia West Virginia and the District of Columbia. Contact DOE for details.

Congress Department of Energy Region Itt Bor Appleatis Jewete Disinet Columbia Pronsylvania Virginia West Virginia Maryland Ferther Getacls U.S Enerem Whitedelphia

Government backs raise mortgage rates to 13 percent

Washington AP reports record up to 13 percent interest on government backed mortgages as FHA and VA boost rates by 1 percent amid Fed policy. The moves came within hours of each other and follow earlier increases, with mobile home and improvement loans also raised. Despite higher costs, officials say rate hikes are needed to preserve FHA and VA housing programs.

Washington Veterans Administration Federal Housing Administration Federal Reserve Board WAFHA Moon Landrieu Thomas Parliament U.S. League of Savings Associations Landrieu

Gasoline outlook: prices rise but demand falls in 1980

Washington brief from AP notes Energy Department 1980 outlook predicts gasoline supply ample but prices climb toward year end to about 1.50 per gallon. U.S. consumption expected at 6.8 million barrels daily in 1980, down from 7.03 million in 1979, with higher heating oil prices forecast for next winter.

Washington Energy Department Department American Automobile Assocation

Energy management expo sponsored by Potomac Edison

Potomac Edison will sponsor Expo 80 a two day energy management program at the Frederick Fairgrounds from 2 to 7 p m on March 19 and 20. The event targets industrial commercial and residential energy management decision makers with exhibits from solar insulation and heating firms and the latest products. Admission is by invitation only and advance registration is required by calling the nearest Potomac Edison office.

Potomac Edison Frederick Fairgrounds

Coast Guard PSA by HIK&A named among 100 Best TV Ads

A Washington agency HIK&A produced a Coast Guard television spot selected as one of Advertising Age's 100 Best TV Commercials. It marks the third time in four years an HIK&A Coast Guard PSA has been chosen. KIK&A is noted as Washington's oldest and largest full-service agency with advertising, public relations, market research and recruitment divisions serving various clients.

U.S. Coast Guard Hik&a Advertising Age Harry McMahan

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Dow Jones Chessie Exxon Fairchild Ind Fedders Bae Giant Gt A&p Gulf Oil Harris IBM Kmart Litton Marriott Corp Mercantile Bukshr K Penney Pepp Dr Plantrnits Sears USFG Warner L Watkins J Whittak Baker Watts & Co Frederick Archuleta TOMDE Alan Ed Waters Jr Bia Standard Oil of Ohio Union Pacific Interpace Filmways Sterling Drug McGraw Hill Sealed Air Standard & Four Gelico Idea Gagnon Hank Wilson By Glenn Bitt Holly Hills Country Cheb Frederick County Economic and Community Development Commission Chamber of Commerce of Frederick County Inc David Guggenheim Chamber Economic and Community Development Committee Donald D. Date Chamber of Commerce Bill Green By Martin Crutsinger Washington Ad Agency Frederick Fair Grounds Water Street Seaving Fred. CO den Bros Bureroni
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