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News in Frederick, Maryland

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Mar 14, 1980

Page

3

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.

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.

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.

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
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