Stock market falls to new early 1980 low on broad losses
New York markets slid Thursday as the Dow Jones industrial average dropped 9.98 points to 800. SB, its lowest close since November. Gold fell about 44 dollars an ounce to just over 521, while silver sank more than 3 dollars to 25.50. Bank lending rates rose as Chase Manhattan raised its prime rate to 18 percent amid a broad selloff with about two losers per winner on the NYSE.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Carter
Homestake
USA
Dome
Handy & Harman
Sunshine Mining
Callahan Mining
Hecla Mining
Newmont Mining
Asaree
Phelps Dodge
Kennecott
Chase Manhattan Bank
Texaco
Mobil
Gulf Oil
Exxon
NYSE
Exchange
Standard & Poor
Maryland sees record over $1 billion in 1979 business projects
Maryland businesses and new firms moving into the state initiated 1.12 billion dollars in capital projects in 1979, a more than fourfold rise from 1978. 483 firms started investments expected to support 18,875 jobs and about 300 million dollars yearly in state economic impact.
MENTIONED IN THIS ARTICLE
Annapolis
Maryland
Department of Economic and Community Development
James ©. Roberson
Department
Garrett County
Roberson
Harry Hughes
Jim Devine
Rates drive home buyers from market as loans dry up
An AP survey shows record high mortgage rates beyond 14 to 16 percent forcing many Americans to drop or postpone home purchases. Bankers report slumping applications and lenders retreating from long term loans as buyers face steep monthly payments rising from 448 to 873 dollars for a $50,000 30 year mortgage.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Detroit
Salt Lake City
Also Mentioned on This Page
Dow Jones Industrials
Allg Pw
BethSt
CocaClay
Fairchild Ind
Feddert
MD Bae
Guif Oiath Harris
TBM Tha
Kmart
Ib — Litton
Marriott Corp
MD Nauco
Mercantile Mi Bakshr
Lk Mobilem
Penney
Peop Dr
Als Sears
Tandy Texaco
USFG
Warner L
Watkins
Whittak
Baker Watts & Co
Frederick
Baltimore-Washington
St. Lows
Brad Bryant
Community Federal Savings & Loan
Don Baker
Century 21
Lancelot Realtors
St. Louis
Congress
Mags
Lawn & Garden
Aru
Porn
Tor Deeeese & Drought
Brent Orthenic Pier
Banit Bury
ORTHO
cPae Abe
Reg Price
Weil Brothers
Phoenix, Inc
Woodard
America
Mayfield By
Rowvte