Dow Jones posts record one day drop amid market rout
The Dow Jones industrial average fell 39.10 points to 1526.61 in a 2.5 percent drop, the steepest one day decline in history. NYSE volume reached 100.33 million shares as bonds slid and rates rose on signs of economic strength and Fed inaction. Analysts called it a market correction after a strong rally, with five declines for every two advances on the trading day.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
DOW
New York Stock Exchange
Federal Reserve
Wall Street
Frederick Self Storage Sold to Maryland Partnership
Frederick Self Storage Associates renamed after sale to Fairfax Equity Corp. Randy Cohen remains manager. The 543-unit complex near Frederick Municipal Airport includes 11 single story buildings and a two-vehicle lot, with occupancy around 90 percent. Ryder Truck rental facility with awards noted. Assisting Cohen are Jackie Coglin, Lisa Morgan and Kim Kaiktsian.
MENTIONED IN THIS ARTICLE
Frederick Self Storage
Fairfax Equity Corp
Frederick
Monroe Ave
Maryland
Randy Cohen
Fairfax Savings Association
Baltimore
Cohen
Frederick Municipal Airport
Farmers & Mechanics National Bank
Frederick Self Storage Associates
Ryder
Jackie Coglin
Lisa Morgan
Kim Kaiktsian
Blues outline ambitious plans to speed service nationwide
Associated Press reports Blue Cross and Blue Shield of Maryland will add 24 seven toll-free service and weekend hours by year end after criticism from doctors consumers and the federal government. CEO Carl J Sardegna says claims will be paid in 30 days and calls answered in 30 seconds as reforms include new labor patterns and home-based processing to aid staff and customers. By midyear toll-free access expands to 12 hours daily and then 24 seven. The drive coincides with a proposed 5 billion Medicare pilot in Maryland drawing opposition from some citizens and hospitals.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Blue Cross
Blue Shield
Carl J. Sardegna
Blue Cross of
Blue Shield of Maryland
Sardegna
Blues
Nicholas Greaves
Bengun
Greaves
Area stocks and bank dividend news dated January 9 1866
Dow Jones Industrial average shows a loss while NYSE volume reaches 181 million shares. F M Bancorp parent of Farmers and Mechanics National Bank declares a 30 cent cash dividend payable February 3 to holders of record January 17. Noland Co declares a 14 cent dividend payable January 24 to record holders January 15. Mare isnec Frederick named one of 10 best dealers in Winners Circle aluminum fishing boats. London gold closes at 332.06 dollars.
MENTIONED IN THIS ARTICLE
Taneytown Bank & Trust Co
Taneytown
London
F&m Bancorp
Farmers and Mechanics National Bank
Farm Market Prices Reported by Auctioneers and Markets
Frederick Livestock Auction Inc quotes steady to higher bids across cattle hogs calves and sheep with steer good 5100-5325 and hogs 210-260 pounds 46.00-46.50 while dairy calf values hold near 70.00-91.00. Philadelphia produce markets show steady eggs and Delmarva poultry demand. Chicago grains mixed with soybeans up slightly and wheat lower as futures ease toward month end.
MENTIONED IN THIS ARTICLE
Frederick Livestock Auction Inc. Renue
Philadelphia
USDA
Delmarva
U.S
Chicago Mercantile Exchange
New York Mercantle Exchange
Texas
Canada
Calif
Byston Carton
Idaho
Oregon
N.Y Globe
Mexico
Also Mentioned on This Page
Bullish Dow
al Tene
Dary D
le Tooler
Ed Waters Jr
Fast Business
Edler
Associated Press
Blue Sheild
Taneytown Bank
Carroll D. Myers
Sue McVieley
Gtan
Taneytown Bank & Trust
Carroll County
Oliver J. Cejka, Jr
Frederick County
West
Patrick Street
Dick Kessler
King
Choice
MasterCard
Amerrcen
F&m
Alig Pwr
ATT
Vy Avemco
Baltge
Bb Bellatl
CS Corp
Clorox
ComSat
Exxon
Fairchild Indim - F&m Bancorp
Fst
Genex I
Hech B
Kmart
Litton
Lowes
Mack Trk
Marriott
MD Natl Corp
Mercantile Bokshi
M Moore Corp
No A Phil
Penney
Ee Plantrn
Potom
Ryan Homes
Safeway Sears
Standex
Tandy
Whittak
Baker Watts & Co
First Securities
CP Pen Eor
Frederick Monday
Standard & Utibty
Shelly
Delmarva Poultry
Coffee, Sugar and Cocoa Exchange
Chicago Board of Trade
Russ Thompson
W. Patrick St
Maloonwide Mutual Insurance Coc
Ponwide Insurance
Aineies Ghie
Gobi
Maine
Long Island
N. Dakota
Savoy
Board OF Trade
Chicago
Dhaue
Nick Frei
Frede
Hallie Tit
DAN Dee Country Inn
Federal Savings Bank OF Maryland
Thomas Johnson
Dfrick
Thay
FSLIC
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