Market Upsurge Sustains New York Rally On Tuesday
The stock market extended its 1980s rally with a late surge led by IBM shares. The Dow rose to 86.60, gaining 5.03 for the day, with seven-session gains near 40 points. IBM climbed about 3% to 70. The day saw strong volume around 52.3 million. Gold crossed 700 per ounce for the first time in New York, boosting miners and forest products stocks such as International Paper, Diamond International, Georgia-Pacific, Louisiana-Pacific, and Weyerhaeuser. Boeing also rose about 3% as aerospace shares benefited.
MENTIONED IN THIS ARTICLE
New York
International Business Machines
New York Stock Exchange
IBM
International Paper
Diamond International
Georgia-Pacific
Louisiana-Pacific
Weyerhaueser
Boeing
Loyola Federal Reports Large Reserve Increase
Loyola Federal Savings and Loan Association expanded reserves by 7.6 million, bringing total reserves to about 87 million. The year saw 66.5 million in interest paid to depositors, savings capital near 934.7 million up 46.5 million from 1878, and total mortgage investments around 262 thousand.
MENTIONED IN THIS ARTICLE
Joseph W Mosmuller
Cozrd
Loyola Federsl Savings K Load Asso
Loyola Federal
Bistow
Maryland
A & Eni
Bellesia
Fesern
Frederick business briefs note promotions and appointments
Randy D. Lawson of Buckeystown is promoted to Burner Department Dispatcher at Economy Oil Weil Brothers Division of Phoenix Inc. Timothy J. Moore Jr. of Amber Meadows leads Central Maryland Detached Agency of Prudential Insurance for the third year and is named Man of the Year for the Frederick office with over 3 million in 1979 production. J. Owen Cole of First National Bank of Maryland is reappointed to the Federal Advisory Council for a one year term. Joseph Moore, ex center director of Maryview Community Mental Health Center in Portsmouth, Va., is named executive director of the Health Systems Agency of Western Maryland.
MENTIONED IN THIS ARTICLE
Randy D. Lawson
Buckeystown
Oi/Weil Brothers
Phoenix Inc
Frederick
Timothy J. Moore Jr
Amber Meadows
Maryland
Prudential Insurance Co
Washington
Birthright of
J. Owen Cole
First National Bank of Maryland
Federal Advisory Council
Federal Reserve System
Joseph Moore
Maryview Community Mental Health Center
Portsmouth
Health Systems Agency
Western Maryland
Minority Business Warehouse Workshop in Baltimore
The Maryland Department of Transportation and MSOMBE will host a Minority Business Warehouse from 9 a.m. to 5 p.m. on January 19 at the State Office Building lobby in Baltimore. Lt. Gov. Bagley and multiple agency leaders will speak on minority participation in state contracts, bonding, and payment collection, with details on upcoming bids across MDOT, DGS, ICPSC, DNR, Health and Mental Hygiene, UMD, and Econ and Community Development.
MENTIONED IN THIS ARTICLE
Maryland Department of Transportation
MDOT
Maryland State Office of Minority Business Enterprise
Msombe
W. Preston St
Baltimore
Samuel Bagley
David Watts
Department of Health and Mental Hygiene
University of Maryland
Department of Economic and Community Development
Stockholder opposition halts Fredericktown Mercantile merger talk
A Fredericktown Bank & Trust Co. stockholder wrote Jan 11 opposing the merger with Mercantile Bankshares Corp of Baltimore. Richard B. Ward from Rockville claims the deal harms Fredericktown and stockholders, notes declines in Merc shares, questions dividend stability, and urges withholding proxies until a detailed presentation. He warns the Fredericktown trust department may vote in concert with management and weighs possible legal action.
MENTIONED IN THIS ARTICLE
Fredericktown Bank & Trust Co
Mercantile Bankshares Corp
Baltimore
Richard B. Ward
Rockville
Fredericktown
Ward
Mercshares
Ter
Fredericktown Bank
Trust Department
Government pressuring exports meets policy roadblocks
Washington AP report says the Carter administration urged small businesses to boost exports while entrepreneurs claim federal policies impede trade. Deputy Commerce Secretary Luther Hodges Jr urged action at a White House small business conference, saying the U S must stop treating international trade as a sideshow. Delegates numbered about 2100 as officials faced strong counterclaims from small business leaders.
MENTIONED IN THIS ARTICLE
Washington
Carter
Commerce
Luther Hodges Jr
White House
United States
U.S
Internal Revenue Code
IRS
Congress
Oil firms changing cards for gasohol
Washington AP reports Exxon and Gulf Oil reversed policy to allow credit card purchases of gasohol after congressional pressure. Exxon notes nonbrand fuels, including gasohol, may be charged on its cards. Gulf allows Gulf-brand fuel stations. Also, a conference discusses export obstacles and a plan to deliver 15 recommendations to Carter and Congress. Blue Cross Frederick office moves to Frederick County Square Center to be more accessible. Patrick Curran named manager.
MENTIONED IN THIS ARTICLE
Washington
Congress
Dan Glickman
D-Kan
Exxon Corp
Gulf Oil Corp
Pittsburgh
Exxon
Howard Kauffmann
Glickman
Kauffmann
Gulf
Blue Cross
Blue Shield
Frederick
Frederick County Square
U.S. 40 W
Baughmans Lane
Patrick Curran
Also Mentioned on This Page
Dow Jones
BethStl
Chessie
Giant
Gt A&p
Sears
Lake Placid
Bell System
At&t
Lawson
Moore
Ceeri
Mercantile
Louis L. Goldstein
the News
County Square
Stover Hearth and Patio
West 473
NGO
SOF
Soft Bausch & Lomb
Leners
Scott
Herd
Ceasi Ptt Cornet
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