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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 23, 1980
Page
12
Phoenix Inc offers a free booklet titled Energy Cost Cutters and asks residents to share energy saving ideas from the past year. The firm will compile and distribute the booklet this summer and accepts ideas via newspaper ads or forms at South Wisner Street business office in Frederick.
New York stocks surged with blue chip gains led by Dow Jones rising 11.86 to 442.92 as market volume climbed to 41.04 million shares. Banks cut prime rates sparking optimism that lower short term rates will spread, while oil and chemical stocks posted broad gains amid a “search for quality.” CBS rose after naming a new CEO Thomas H. Wyman, Pillsbury stock fell slightly, and City Investing climbed on a $300 share offer.
The Chessie System and Mack Truck Co. said they will cut 223 and 92 hourly positions respectively, citing weak national economy. Chessie plans 184 jobs at Brunswick rail yard and 39 at Ridgley car shop plus 440 furloughs at Raceland Kentucky. Mack says Hagerstown plant total exceeds 600 layoffs since March, with 3,674 workers remaining by Monday.
Frederick store celebrates Haggar Day with a special window display by owner Dick Kessler and designer Jack Cullum to win a Haggar competition for most unique window. Kessler ties Haggar to King's 51 years of family service, noting Haggar quality, laser-cut patterns, and midwestern appeal. The display changes biweekly with original antiques, emphasizing personal service in a crowded retail field.
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