Economy benefits from Fed rate cuts amid cautious growth
New York AP reports that after about two dozen rate cuts over three years the economy shows muted strength. Economists credit lower rates for steady consumer and corporate gains, though effects are tempered by real estate slumps, defense cuts, budget deficits, and tighter banking rules. Mortgage refinancing rises and bond issuance to refinance debt supports activity despite slow overall growth.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Bernard Markstein III
Meridian Bancorp
Reading
Markstein
Fed
Samuel Kahan
Fuji Securities Inc
Chicago
McKelvey
Mortgage Bankers Association
Securities Data Corp
John Lenski
Moody's Investors Service
F. Ward McCarthy
Stone & McCarthy Research Associates
Princeton, NJ
GUM Seeks Pre Revolution Grandeur Revival in Moscow
In Moscow the GUM department store on Red Square plans a major facelift to restore its pre revolutionary grandeur. The three story landmark, a former symbol of modern commerce, now funds renovations from centennial celebrations while Western stores like Yves Rocher L Oreal and Lego expand inside. Aimed at making GUM Moscow’s premier shopping area the revival follows years of disrepair and partial nationalization, with 75 percent of centennial funding earmarked for upgrades as shoppers await a return to luxury.
MENTIONED IN THIS ARTICLE
Moscow
Red Square
GUM Department Store
Alexander Bredikhin
GUM
Samsonite Luggage
Botany 500 Menswear
United States
Santens Towels
Belgium
Soviet Union
Bredikhin
Glavny Universalny Magazin
Gosudarstvenny Universalny Magazin
Lenin
Stalin
Yves Rocher
L'Oreal
Lego
Gennady Danishevsky
Blitz
Mortgage rates dip slightly in national survey
Washington report shows average mortgage rates at 7.93 percent, down from 8.02 percent last week. The Federal Home Loan Corp released the national survey noting the decline reflects the first decision in three weeks, with rates before closing not including points or fees.
MENTIONED IN THIS ARTICLE
Washington
Sear
Hahn promoted to senior vice president at FCNB Corp
Helen G. Hahn rises to senior vice president and cashier at FCNB Corp, expanding duties to oversee information services, CD/IRA and bookkeeping departments while maintaining customer service and wire transfers. She moved to the East Patrick Street Operations Center, began with FCNB 26 years ago, and is active in church and community groups.
MENTIONED IN THIS ARTICLE
Helen G. Hahn
Fcnb Corp
FCNB
Helen
A. Patrick Linton
Hahn
Evangelical Lutheran Church
Leats Foundation Inc
United Way Allocation Committee
American Legion Auxiliary
Frederick Community College
City Club Luncheon on 1990s Investing at Patrick Center
The City Club in the Patrick Center Frederick will host a noon luncheon seminar on investing for the 1990s Tuesday Oct 13. Deborah E. Vose CFP will speak on methods for optimum financial success with focus on international and domestic markets and growth income planning. Call 695-9707 for details.
MENTIONED IN THIS ARTICLE
Patrick Center
Frederick
Deborah E. Vose
CFP
Corn Prices Hit Four-Year Low On Busy Harvest Outlook
Corn futures slid to the lowest near term level since 1988 with December at 12.1144 a bushel as harvest prospects loom for a potentially record U.S. crop. Soybeans fell to a 14 month low while wheat and oats declined. Livestock futures rose on the CME with cattle hogs and feeders showing gains. Local prices from Woodsboro and Westminster reflect mixed calf and hog values across regional markets.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago Mercantile Exchange
Delvery
Frederick September 28 1992 livestock and hay prices
Utility cows to 49.00 per cwt and high dressing to 0.75. Canners 4.00 to 4.5 per cwt. Steers 73.50 to 77.50. select 65.50. Heifers 54.00 to 57.00. Stock cattle steers 77.00 to 85.00. heifers 63.00 to 73.00 for 300-500 lb and 65.0 to 67.0 for 500-700 lb. Bulls up to 80.00 for 350 lb and 66.0 to 73.0 for 500-700 lb. Purebred Angus one at 60.00. Veal calves culls 52.00 to 59.00. weak 45.00. Farm calves Holstein bulls No1 150.00 to 170.00, No2 120.00 to 150.00. 2090 lb 80.00 to 110.00. Heifers 1200 to 202.00? ? (unclear). Beet bulls 99.00 to 155.00. Westminster hay sale prices: alfalfa 1.30 to 3.00 per bale. canow 162.00 to 112.00 per ton. mixed 0.80 to 2.60 per bale. large round 13.00 to 16.00. Clover 1.20 to 1.50 bale. Grass 0.75 to 1.76 bale. Straw 0.30 to 1.50 bale. Rye 1.50 per bushel.
MENTIONED IN THIS ARTICLE
Woodsboro
Westminster
Dr Vincent E DiFabio Elected Maryland Oral Surgeons Leader
Dr Vincent E DiFabio with offices in Frederick and Germantown has been elected president of the Maryland Society of Oral and Maxillofacial Surgeons. The organization is the 12th largest in the nation with 128 members. DiFabio lectures and conducts workshops for peers and teaches at the University of Maryland Baltimore. He is a Diplomate of the American Board and a Fellow of major national associations in the field.
MENTIONED IN THIS ARTICLE
Vincent E. DiFabio
Frederick
Germantown
Maryland Society of Oral & Maxillofacial Surgeons
Maryland Society
DiFabio
University of Maryland
Baltimore
American Board of Oral & Maxillofacial Surgeons
American Association of Oral & Maxillofacial Surgery
The
American College of Oral & Maxillofacial Surgeons
Also Mentioned on This Page
Diene Mo Wirth
Wner
Presi
Venice
Talelion
Mitchell Nichnowitz
Elvira Khomyakova
Diane Wirth
Patrick Boyle
Baltimore Life Insurance
Mr. Boyle
Nancy
New Orleans
Nikkei Down
Dutty
Pete
Lee Rettige
Standard&Poor
Standard&Poor’s
Farm Market Reports
Woodsboro Livestock Sales
Frederick Livestock and
Westminster Livestock Aucten
Westminster Livestock Aucton
Potom el
Dow Jones
Sears
IBM
Kmart Life Technologies Is
Litton
Lowes
Loyola Corp Tae
Marriott Lis
Ya Mercantile Bakshr
Moore Corp
Ye Nations Bank
We Penney Ole
Home Equity Line
Gharar Ie
CITIZENS _SAVINGS BANK
Ahem
Annael Peresnipe
Sogou
Patrick St
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