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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 27, 1994
Page
5
Americans grew mildly pessimistic about future business conditions and job prospects in July per the Conference Board. The index eased to 91.6 from 92.5, with 17 percent predicting improvements and about 10 percent fearing worsened conditions, while auto purchase plans rose and major appliance plans fell.
The Labor Department reports compensation for American workers rose 3.2 percent annually in the second quarter, the same as the March figure, marking the slowest rise on record. Wages and benefits costs edged up while health insurance and unemployment costs moderated. Economists say inflation remains contained with potential for further rate moves by the Federal Reserve.
James W Bear joins Farmers and Mechanics National Bank Freder ick as vice president and regional branch manager overseeing Brunswick Heights Damascus Emmitsburg Mount Airy Mount St Marys New Market Thurmont Union Bridge and Walkersville branches with 19 years of retail banking experience. He holds Series 6 Series 53 life licenses and is a University of Maryland business administration alumnus and 1987 Maryland Banking School graduate.
AP report shows wheat corn and soybeans futures with open high low and last prices across contract months. It lists sales, open interest, and price movements in dollars per bushel, noting minimums and various bid quotes as of the trading day.
U S stocks eased on Tuesday with disappointing quarterly reports from blue chips and rate worries. The Dow ended down 6.16 at 3735.68 as volume on the NYSE reached 232.56 billion shares. S P 500 slipped to 453.36 while Nasdaq fell 1. The Tokyo session saw the dollar firm against the yen and the Nikkei edge higher by 47.71 points to 20245.37.
Quotations courtesy Ferris Baker Watts Inc for area market stocks. The brief list highlights current prices and notable moves, reflecting local investor activity. Market sentiment appears steady with slight gains in several blue chip names and mixed results in energy issues.
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