Dow hits new high as bonds lift market report
The Dow Jones gained 7.67 to 8121.11 near a fourth record in five sessions while the Nasdaq waned on weak computer shares. Bond strength with the 30 year yield at 6.40 percent supported equities as investors awaited key second-quarter costs and July payrolls data.
MENTIONED IN THIS ARTICLE
New York
Dow
Clinton
Treasury
Federal Reserve
Edward Collins
Daiwa Securities America
Alcoa
General Motors
New York Stock Exchange
Standard & Poor
Dell Computer
Bear Stearns
NYSE
Compaq Computer
IBM
Tokyo
Frankfurt
London
Crown Amer
Exxon
Dow Jones
Fcnb Co
F&m Bancorp
First United
Fred Brew
Alpha Ind
Chant Foods
GTE Corp
Ie Bge
Mig
GaPacific
Bell
BioWhittaker Hiss Kmart
Black Dr
Med Life Tech
Lockheed
Coca Cola Csx Corp
Vis
Marriott
He Mercantile
Grain futures rise as drought bites US Midwest markets
Weekend heat and scant rainfall kept pressure on corn and soybeans amid forecasts of little rain ahead. November soybeans climbed to 6.19 1/4, December corn to 2.52, while wheat eased on demand hopes. Tracer Inc posted quarterly net income of 10.5 million dollars.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Midwest
Illinois
Ulinois
Egypt
U.S
Chicago Mercantile Exchange
Golf Tournament Sponsored by Dan Ryan Builders at Clustered Spires
Dan Ryan Builders will sponsor a Friday golf tournament at Clustered Spires Golf Course Frederick to raise funds for Frederick Nonprofit Building Supply Inc. Registration at noon with a shotgun start at 1 p.m. Call Jonathan Titus or Kathy McGee for details. Additional sponsors sought.
MENTIONED IN THIS ARTICLE
Dan Ryan Builders
Spires
Frederick
Building Supply Inc
Jonathan Titus
Kathy McGee
Managistics Group files for 2.2 million share offering
Rockville based Managistics Group Inc filed a registration with the Securities and Exchange Commission for an offering of 2,200,000 shares of common stock. 1,800,000 will be sold by the company and 400,000 by a selling stockholder. Underwriters receive a 30 day option to buy up to 330,000 additional shares to cover over allotments. Proceeds aim at working capital, international expansion, faster product releases, and possible acquisitions. Alex Brown & Sons, Morgan Stanley and Robertson Stephens & Co. LLC lead the offering.
MENTIONED IN THIS ARTICLE
Managistics Group Inc
Rockville
Securities and Exchange Commission
Alex. Brown & Sons Inc
Morgan Stanley & Co
Robertson Stephens & Co., LLC
Uni-Mart reports drop in quarterly earnings to three cents per share
Uni-Marts Inc. reports net earnings of 185,892 dollars or three cents per share for the quarter ended June 30, down from 1.1 million dollars or sixteen cents per share in the prior year. Officials attribute the decline to higher depreciation and interest costs.
MENTIONED IN THIS ARTICLE
Tracer Inc
Uni-Marts Inc
First Bank of Frederick reports higher net income
First Bank of Frederick, a unit of First Frederick Financial Corp, posts a 21 percent rise in net income to 530 325 dollars or 1 06 per share versus last year 434 432 or 88. The bank notes a 25 percent loan rise and 13 percent asset growth to 92 049 513 dollars as of June 30. CEO Jack H Goldstein credits loyal customers and staff for results and highlights a 3-for-2 stock split payable Aug 15 with record date Aug 1 plus a 150 percent cash dividend to boost long term shareholder value.
MENTIONED IN THIS ARTICLE
First Bank of Frederick
First Frederick Financial Corp
Cial
Jack H Goldstein
First Bank of Frederick Corp
R. Michael S. Menzies
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Dji
Bakshr
Nations Bank
Mvryan
Penn
Jcpenney
Pepsico Potom el
Fis
Sears
Toys R Us
Ed Waters Jr
Uni-Mart Report
Firth
Bahamas
Pete Deen
Mane Chyb Sete
Harry Retf
CellularOne
Stering Communications
Carnal Cruse
Ft. Lauderdale
Freeport
Island Palm Hotel
Sterlings Communications
Georgetown
Hagerstown
Lander Wal Vlora Resa
Sockville
Ve Pranaa
Paris
Paka Srememon
Washington
SPAP
Scottsdale Securities Inc
Scottsdale
Ol & Gas
Scottsdale Securities, Inc
Discount Stock Brokers
Monroe Street Plaza
SIDC
Qank & Roth _ Sa
Matorhouse
Memilynch
BOF
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