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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jan 18, 1992
Page
15
Area market watchers report quotations from Ferris Baker Watts Inc for regional stocks. The brief note lists current bid and ask levels, with brokers noting minor fluctuations across several issues and sector leaders in banking and manufacturing.
Grain and livestock prices gathered from Chicago and local sales note futures on grains and detailed bids for beef cattle, dairy, veal, hogs, sheep, and poultry. Reports cover bid ranges for butcher cows, steers, heifers, calves, and goats with prices across multiple weight classes.
Prices listed for hay and straw lots from Willowdale Auction Co dated Tan. 16, 1992. Alfalfa varieties range from 100.00 to 175.00 per unit with mixed and Timothy options from 60.00 to 131.00, straw from 35.00 to 100.00, and firewood hardwood at 80.00 per cord.
Washington reports the foreign trade deficit fell to 3.57 billion as exports hit a record and imports dropped amid weak demand from a recession. A separate release shows December industrial output slid for the third month, and 1982 marked the first annual drop since that year.
Washington AP reports Clyde Prestowitz of the Economic Strategy Institute tells House energy and power subcommittee that offering incentives to lure foreign owned plants harms the U.S. economy, as transplants create fewer jobs and divert capital. He cites a 1990 study showing net U.S. job losses and billions in economic impact. The testimony accompanies hearings on the ailing domestic auto industry. A separate Frederick seminar for new and existing small businesses is announced with speakers and contact details.
Frederick firm Analogy a Beaverton based high technology company with strong international sales has opened an office at Westview Courts in Frederick. It relocated its eastern office from Annapolis to better serve clients said W Bradford Blough southeast region manager. The Saber system a leading CAD software product for electrical engineers drives the business which accounts for over 30 percent of sales in Europe and more than 12 percent in Japan. The company formed in 1985 and maintains offices from Oregon to New York plus Germany England France Scandinavia Japan and Korea.
Stock prices rose in afternoon trading to fresh highs led by the Dow Jones average up 15.43 to 3,264.98. Advancing issues slightly outnumbered decliners while Big Board volume reached about 284.61 million shares by 4 p.m. EST. The S P 500 stood at 418.86, Industrials at 498.15, Wilshire around 4,107.885 billion, Nasdaq Composite at 626.85, AMEX 415.32.
Rep Beverly Byron D 6th will speak at the Chamber of Commerce of Frederick County annual dinner and officer installation at 6 p.m. Thursday January 23 at the FSK Holiday Inn. Reservations 662-4164. ANNAPOLIS The Maryland Chamber offers a seminar in Baltimore January 21 to help employers limit losses from defecting key employees with trade secrets and customer lists. Registration $50. call Dorothea Stierhoff 301-576-5090. Company execs quoted on Frederick growth and regional staff details. Call 696-1330 for more information.
The third ADDY awards will be presented Thursday January 30 at the FSK Holiday Inn. Chic Davis, last year’s judge, serves as master of ceremonies with a 6 p.m. cocktail reception, 7:30 p.m. dinner, and an exhibition of entries. Tickets cost 35 dollars per person or 250 dollars for a table of eight. For tickets call Deidre Lewis at 694-4083.
The Frederick County Chamber of Commerce will host an all member breakfast from 8 to 9 15 a.m. Thursday February 6 at Day's Inn Frederick. Topic is technical preparation and business partnerships. Reservation line 662 4164.
Maryland investment services firms resume hiring after a three year slump as falling rates and baby boom retirement planning boost demand. Ferris, Baker Watts plans a 10 percent expansion to 165 brokers in Annapolis, Legg Mason adds 3 percent, Alex Brown seeks 5 percent growth, while Koonce Securities to add three brokers in Rockville.
Nearly 100 banks and securities firms agreed to pay about 5.2 million in fines for inflating customer orders on government sponsored agency bonds. Firms denied or admitted no wrongdoing and will halt violations while fixing records. Major names like Bank of America Goldman Sachs Nomura participated in the settlement.
IBM reports a 1991 net loss of 2.8 billion with a 64.8 billion revenue for the year due to 3.4 billion retirement and cost-cutting charges. Fourth quarter lost 14 billion or 2.42 a share as revenue fell 4.2 percent to 22.1 billion from a year earlier.
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