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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 29, 1972
Page
2
Britain's housewives rush to stock food amid a national dock strike that halts 70 percent of import export traffic and idles 500 ships. Government talks and plans for a state of emergency loom as 42,000 longshoremen press for better job security and higher severance pay. The dispute centers on the anti strike act after five stevedores were jailed for illegal picketing.
Commercial Credit Corp. will open a new full service installment finance and personal loan office in Frederick Towne Mall on Monday August 14. W B Turley notes this will be the 26th Maryland office offering personal loans and financing for auto boat mobile home RV and travel trailer dealers as well as consumer goods through monthly payment plans. C E Skip Cunningham II is district manager with William E Bailey as loan manager. Cunningham comes from Silver Spring and Bailey from Silver Spring with four years at the office.
The article explains that F.O.B stands for free on board and defines seller duties to load goods onto the carrier at the contract’s named location. It covers transportation modes including railroad car ship or plane and clarifies where title and risk transfer.
New York. While many industries report strong earnings in recent weeks steel firms are expected to unveil sharp gains in 1972. Early returns point to improved profitability across major steel producers amid rising demand and higher prices.
Analysts cite artificial 1971 boosts from mass buying ahead of a feared steel strike. Inventory was worked off by year end, setting stage for substantially higher second half 1972 profits. Auto makers lift outlook with GM, Ford posting record quarters. sentiment says current profits misread, third quarter could surge. Foreign imports expected to ease domestic steel market share from last year’s peak of 18.32 million tons.
Eugene Withrow a 26 year old Philippine native was jailed in Baltimore for over three weeks after police mistook him for his brother Patrick, a 24 year old with a stolen pistol in a Philadelphia case. Fingerprint checks were delayed, an attorney was not immediately available, and a Baltimore Prisoners Aid counselor helped secure his release after a Sun report. Police later confirmed the Philadelphia suspect was missing a finger, clarifying the mix up.
Baltimore AP Judge Harry A. Cole ruled Maryland unemployment benefits law discriminates by denying aid after the fifth month of pregnancy. The decision cites 14th Amendment protections and emphasizes individual health differences, awarded in a suit brought by Rosemarie B. Orner of Baltimore Symphony harvest.
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