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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 16, 1994
Page
10
The Fed reports a 0.5 percent jump in June production led by a surge in utility output amid heat, marking the 13th consecutive increase. Excluding electricity, production rose only 0.1 percent. Inventory growth and a call for higher rates reflect a moderate yet firm expansion.
The Work and Family Roundtable launched in June and next meets Aug 17 from 8:30 to 9:30 a.m. in Frederick at the Chamber of Commerce board room 438 Market Street. Pat Rosensteel of the Child Care Consortium coordinates. continental breakfast is free. The Aug 17 session will explore employee benefits options. Reservations: 662-4549.
Japan posted a June trade surplus of 11.35 billion dollars, up 15 percent from a year earlier, with the United States market totaling 4.73 billion. Despite a strong yen, exports rose, contributing to a 1994 first half surplus of 60.01 billion dollars, 5.1 percent higher year over year.
Stocks closed mixed as the Dow rose 14.56 to 3753.81 on Friday amid bond strength and afternoon computer driven double options expiration. Volume reached 274.64 million shares as advancers outpaced decliners about 11 to 8 on the NYSE. The week ended with gains for the Dow and mixed results for major indices. In Tokyo, the dollar held at 98.30 yen after a weak start. the Nikkei rose 52.11 points to 20,770.15 as share prices edged higher on the Tokyo Stock Exchange.
FCNB Bank in Frederick plans to apply to the Federal Reserve Bank for permission to establish an electronic funds transfer facility at Discovery Crossings Shopping Center Walkersville. The Fed will weigh factors including FCNB’s record in meeting local credit needs and comments are invited by August 25 1994 to the Richmond Fed office.
Fragmentary OCR lists names Frederick Von Mad Amber Afeadows Motemoral with numbers 301 and 256 and the date Sunte 9, but no coherent case claims or jurisdiction are readable. The incomplete entry appears to be a legal dispute note lacking essential details.
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