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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jan 02, 1988
Page
8
The Dow Jones average fell 11.27 to 1938.83 but finished 1987 with a net gain of 42.88 points amid a mixed year. Volume on the NYSE reached 170.14 million shares as traders faced a weaker dollar and year-end tax selling, with broader measures below 1986 levels and a cautious outlook for January.
Frederick and Westminster livestock auctions report varied cattle and hog prices, including butcher cows 49.00-52.00 high yield and 41.00-45.00 utility, steers 52.00-63.50, veal calves up to 105.40, and hogs around 38.00-39.75. Listings cover bulls, stock cattle, calves returning to farm, lambs, sheep, goats, and small birds in multiple weight ranges. Quoted by Frederick Livestock Auction Tac Woodboro and Westminster Livestock Auction Inc, with dates late December 1987.
Marylanders show record low consumer confidence in the Maryland Poll, conducted Oct 10 to Dec 2 with 502 residents. Economist Timothy Triplett notes the Oct 19 crash shifted outlook and purchases, with 31 percent saying now is not a good time to buy and optimism fading since late 1935 highs.
Toronto Globe and Mail reports 1985 figures show 19.3 percent of 1,762 union executive board members were women, up slightly from 1978 but down from 1979. Women made 26.2 percent of Canada's 3.5 million union members. umbrella groups and affirmative actions are not fully counted.
Moscow reports a broad reform package raising manager leeway and profit ties as state subsidies shrink. Law changes promise layoffs and price rises while pledging self accounting by 1991, yet skepticism and strikes signal tension between reform and old guarantees. Authorities flag possible bankruptcies for underperforming firms.
In a shift after four decades, Warsaw and Budapest lead a wave of reforms with Poland raising retail prices by a quarter and Hungary moving to an income tax and VAT. Czechoslovakia lags, while Romania under Ceausescu resists market rules. East Germany weighs perestroika against a stable, Soviet‑leaning system. Across the bloc, leaders debate if democracy and capitalist tools can truly replace old economic controls.
Ed Winfield, a 15 year veteran, opens East Gate Meats at East Gate Shopping Center on East Patrick Street offering USDA choice beef veal chicken pork and a full service meat and cheese deli. He plans fresh seafood in summer and promises service not available at the supermarket. Hours are 8 a.m. to 8 p.m. Monday through Friday and 8 a.m. to 6 p.m. Saturday. Call 693 9323 for more information.
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