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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jun 27, 1985
Page
11
AP reports a slight market gain with a narrow trading range led by transportation issues and takeover speculation. The Dow rose to 1323.81, S&P composites gained, and volume eased from the prior session as bond auctions proceeded.
U S International Trade Commission Chairwoman Paula Stern told Congress that many U S industries must cut jobs to compete with low cost foreign producers. She cited contraction from Japanese auto exports and said the auto industry’s future looks more competitive, with the panel handling industry complaints.
Ocala entrepreneur Robert Wormser grew Emergency One from a backyard operation to a $51 million producer of aluminum fire trucks. The firm delivers 45 day basic trucks, tests on the job, raffles, and direct sales to fire chiefs while expanding into chassis for heavy transport with Federal Motors. Joined by 350 employees and an $8 million payroll, Wormser aims for a 25 percent share of the market.
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