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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 30, 1981
Page
21
Frederick Maryland business notes summarize market moves and local corporate activity on Thursday July 30 1981. Highlights include regional company performance, stock trends, and financial developments affecting area firms and investors.
New York trading was muted with late selling after an early rise. The Dow fell to 997.40 as airlines suffered on strike fears and volume eased to 37.81 million shares. House approval of the Reagan tax plan and Senate action supported gains elsewhere.
A panel of four veteran agricultural bankers and a finance professor at Iowa State, speaking at an ABA semiar, say deregulation will boost competition, liquidity management, and access to nonlocal funds for farming. They warn of higher risk from variable rates and stress on smaller banks, while banks pursue new deposits, services, and partnerships to support growing farm debt and commodity markets.
Routzahn's Frederick stores donated furniture to a state pilot project offering housing options for people leaving Springfield Hospital Center. The gifts furnish a townhouse managed by Way Station Inc., part of Department of Social Services and project HOME. Way Station serves Frederick County adults with psychological disabilities and operates three houses.
Merrill Lynch hosts a free seminar about today’s volatile bond market and potential opportunities for investors. A Memli Lynch Research outlook suggests rates may fall in six months, possibly boosting bond prices and yields. Attendees will learn strategies to capture gains and avoid pitfalls, with Q&A and reservations required.
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