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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jan 17, 1987
Page
2
The Dow Jones industrial average rose 4.90 to 2,076.63 marking its 10th consecutive record, while the NYSE saw 1.04 billion shares traded in the week. The Nasdaq composite fell 2.70 to 389.87 as analysts cited profit taking amid heavy trading and mixed sector moves.
Washington AP reports U S industrial production rose 0.5 percent in December marking the third straight monthly gain. The Fed noted November rose 0.6 percent and October 0.4 percent as the three month pace runs at about 3.25 percent, well above the 0.9 percent for the year.
In San Jose California the IRS seized 694 dollars believed to belong to Shannon Burns a 10 year old. Her father Kevin Burns owes more than 1000 dollars in back taxes dating to 1983. Shannon says the money came from cans homework gifts and family. The IRS demands proof the money is hers.
AP report notes Mack Trucks employees may be screened for asbestos related disease through a UAW Local 171 program. About 60 workers have had X rays read by an asbestos specialist. Officials say it is too early to determine exposure.
The Agriculture Department reported 1985 net farm income near a record overall but with wide state differences. California led at 3.4 billion, Texas 2.5 billion, Nebraska and Florida 1.8 billion, while Montana Wyoming and West Virginia posted negative incomes. National income fell 7 percent to 30.5 billion.
Baltimore AP report states Nolan Archibald will propose to Black & Decker board that its South African subsidiary be sold. The unit, small and unprofitable, posted about $8 million in sales in 1985 and employs 44 staff, with 26 whites and 18 non whites, as negotiations begin with local management.
The January ProNet meeting will be held Tuesday January 27 at Quality Inn Frederick Networking starts at 5 p.m. and dinner at 6 30 p.m. David Bork president of Coda Corp will discuss women participation in family businesses He is author of Family Business and Risky Business For more information contact Kathy Eichelberger Schultze at 694 8711 For reservations call Sharon Duggan at 865 3263
At Willowdale and surrounding markets on January 13 to 15 1987 thorough bids show hay and straw mixed grasses steady to higher on top grades while low quality softens. Alfalfa and Timothy ranges with good to very good loads up to 160 dollars per bale and several 90s to mid 100s for mixed hay. Slaughter cattle hogs and calves cross regional values with steers and heifers showing mixed gains and dairy and stock cattle purchases active. Woodboro Westminster and West Westminster livestock listings show diverse ranges across species with calves, bulls, hogs, sheep, and poultry.
Thurmont woman Jamie L Plum, to wed John Fitzgerald in September, won a two person Caribbean trip as part of First National Bank of Maryland’s Frederick Towne Mall office grand opening. Bank officials presented the prize at Welcome Aboard Travel.
Maryland Court of Special Appeals upheld a lower court ruling ordering Frederick Weisman Co. Inc. the parent of Mid-Atlantic Toyota to pay former executive Arthur B. Connors 2.5 million for misrepresenting his contract. Connors joined in 1981 as executive vice president after leaving Ford Motor Co. with a $200000 salary.
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