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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jun 18, 1983
Page
5
Stocks finished mostly lower as a six session buying surge ended. Dow fell 6.11 to 1242.19 while the week still rose 46.08. NYSE composite rose to a record 98.00 as Pan American led activity with over 2.7 million shares traded.
Janice Borgman, now Stephen J. Furst, senior vice president of Hess's Department Stores, names Borgman as store manager of Hess's Frederick in the Francis Scott Key Mall. Borgman began in 1971 in Hess's management training and rose through jewelry buyer, china buyer, merchandise coordinator roles at Hess's Richland Westgate Bethlehem Stroud Stroudsburg Hartisburg and Lebanon before a final move to Schuylkill Valley north of Pottsville. She is a native of Allentown. In broader market notes, Pan AMS prospects buoy Forbes, Atlantic Richfield up 2, Standard Oil firms up to 2 1/2 or 4 4, Wyly down, and overall NYSE volume shows a dip from Thursday with several indexes mixed.
The Upjohn company, a global health care producer, announced first quarter 1983 results with sales totaling 484 million dollars, up 5.2 percent from 1982. Net earnings rose 6.0 percent to 45.5 million dollars, or 1.14 dollars per share.
Governor Harry Hughes says Maryland does not have a hostile business climate and challenges executives to name specific problems. He spoke at a weekly news conference and dismissed legislators' claims that the special General Assembly session is to polish his image.
Richard L. Hemp center, senior branch officer and Libertytown Office manager at Farmers National Bank receives a 20 year service award. Charles W. Hoff Jr., president, presents the honor with Kenneth M. Boone watching. C. Kurt Holter photo. Hughes urges Maryland legislature to shield corporations from hostile takeovers amid a special session debate.
Melart Jewelers Inc. repaired Horace Bremmerman s sewing machine under an old warranty after a headquarter visit and a ceremonial scrap of a polishing cloth to verify origin. The process included sending the machine to an expert for cleaning and parts replacement, fulfilling the customer with service.
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