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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jan 30, 1988
Page
4
U S stock averages rise with gains across the Dow S P and NASDAQ as investors weigh economic direction. Trading stays active aided by a bond rally, with five dividend related issues driving over 60 million shares on Big Board.
Washington County planning panel to review a 56 acre site near Md 65 and I-70 showing a potential shopping center hotel restaurant and up to 416 condominiums and apartments. Developer Ed Joy says project is in early stages amid sewer line extensions and new state police and DMV facilities. McDonalds plans a restaurant near the interchange as a hotel and other residential and commercial proposals surface.
The Veterans Administration on Friday announced a one percentage point drop in its maximum interest rate for federally backed VA home loans to 9.5 percent. The cut, effective Monday, aligns the VA rate with a declining mortgage market and reduces the monthly payment on a $70,000 VA loan by about $52.
Conrail said its fourth quarter 1987 profit fell 33.6 percent to 79 million dollars or 1.15 per share from 119 million in 1986. The decline stems from increased tax liability after the government sold Conrail in a March 1987 stock offering, ending tax protections.
Chicago Board of Trade futures mixed with wheat, corn, oats and soybeans trading. Prices shift across contracts with Mar May and Sep maturities, reflecting modest gains and losses. futures activity shows sizable daily sales and open interest across grains.
President Reagan revoked duty free status for South Korea Taiwan Hong Kong and Singapore effective January 2 1983 affecting nearly 10 billion in imports while drafting 105 million in sanctions on Brazil for refusing U.S. software imports. White House officials say the move aims to aid emerging economies and is not punitive.
GS Communications sought to erect a 140 foot cable TV tower about a mile from Antietam National Battlefield. Keedysville residents formed Citizens Against the Tower and appealed to the Maryland Court of Special Appeals, but the appeal was dismissed January 7 for cost and likelihood of success. The group cited property value and battlefield impact concerns despite local approvals.
James Gang Pizza branches on Old National Pike and Thomas Johnson Drive will donate 25 cents from every large pizza sold on February 16 to the Maryland Chapter of the Cystic Fibrosis Foundation.hay and straw markets show steady to lower bids with multiple loads traded. alfalfa and Timothy hay prices varied by quality and count. mixed hay and straw ranges noted. Wood cord prices quoted by Willowdale Auction Co. with Dan Poole as manager-auctioneer.
Classic Touch a full service hairstyling shop for men and women is on the second floor of the Patrick Center building on West Patrick Street It offers massages facials manicures pedicures waxing perms coloring and a Wolfe tanning bed Victoria Smith is manager and Debbie Kostellc Paula Colliflower are stylists The shop is open Monday through Saturday and phone contact is listed The BBB reported 1987 assistance requests totaling over 194000 a 10 percent rise from 1986 with auto complaints leading the list.
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