Radar Brake tested on Preston Trucks in Hagerstown
Preston Trucking Co tests a radar brake system on two of its three thousand trucks in a Valley Mall demonstration. The omni directional radar alerts drivers via a dashboard buzzer when approaching objects within about 1000 feet. demonstrations by veteran driver Jerry Davis drew Maryland and Pennsylvania state police, with a promotional robot named Fubar on display.
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Hagerstown
Preston Trucking Co
Valley Mail
Jerry Davis
Preston
St. Louis
North Carolina
Scott
George Rashid
Michigan
Fubar
Maryland
Pennsylvania
Valley Mall
Cadar Anil
George Line
Ed Waters Jr
Mack Trucks to shut Hagerstown plant for ten weeks
Mack Trucks will close its Hagerstown Maryland plant for a total of ten weeks before year end due to slumping sales. The plan includes an earlier closing in late July and early August and extended shutdowns during the weeks of August 30 September 6 October 18 November 22 29 and two weeks in December.
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Hagerstown
Mack Trucks
Mack
Bill McCullough
Western Maryland
McCullough
Preston truck safety device gains mixed views
Officers in Maryland question placing the device on standard cars calling it an automatic pilot risk while praising its safety potential for trucks. The system gained national attention after a That's Incredible segment where Preston drivers avoided a trooper at risk. Peggy Bird of Arnold Graphics praised the system for shipments up to 50000 dollars and for night safety. George Line noted 50 Preston trucks use a fuel computer saving about 10 gallons per day by keeping RPM near 1100 instead of 1300, at roughly 1900 dollars each.
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Maryland
Preston
Peggy Bird
Market Ends Slump as Rates Hint at Easing Traders Rally
The New York equity market closed higher after a turbulent day led by a rebound in bonds and short term notes as traders weighed chances of lower interest rates. The Dow fell early then rose to 804.98, down 5.32, with bank stocks hit by Penn Square Bank’s failure but later improving. The S P 400 gained 0.36 to 120.32 amid speculation of easier credit. Frederick County National Bank declared a semiannual dividend of 80 cents payable July 30 to holders of record June 30, 1982, as assets and earnings hit new six-month highs.
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New York
New York Stock Exchange
Learcher
Penn Square Bank
Treasury
Federal Reserve
Easier Credit Standard & Poor
Frederick County National Bank
New Stock Exchange Low Point in 1932 Dow Industrials
Fifty years ago Thursday the New Stock Exchange hit its lowest mark in history. On July 8 1932 the Dow Jones Industrial Average stood at 41. Most recall the great crash of 1929. The Dow’s level was not surpassed again until 1954.
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New Stock Exchange
UCL Am
Dulne Dow Jones
Soviet grain troubles blamed on economic incapacity
A U S official said the Soviet Union faces grain harvest problems due to economic incapacity, a chief factor in the world food shortage. Jose Sorzano, U S delegate to the United Nations council, noted Moscow buys account for about 40 percent of the increase in international grain purchases.
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Geneva
Switzerland
U.S
Soviet Union
Jose Sorzano
United Nations Economic and Social Council
Moscow
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