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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

Oct 17, 1979

Page

2

Dow Jones suffers seventh loss in row

The Dow Jones industrial average fell for the seventh straight session, closing 21.54 lower at 829.52 amid easing volume and lingering uncertainty on rates and oil. Bank stocks recovered modestly on solid earnings, while broader indices slipped, with NASDAQ closing at 138.34 and the S&P measures down.

Dow Jones NEW York Dow New York Stock Exchange Paul Volcker Federal Reserve Exchange Standard & Poor S&p Citicorp Hanover American Stock Exchange Balt GE BethSt Cocall Exxon Fairchild Ind MD Bne Fintkt de Giant I Gt A&p Gulf Oil As Harris IBM Kmart Litton Marriott Corp Unichgd MD Natl Cp Mobil No A Phil Penney Plantin Sears Standex Tandy Texacoola Warner L Whittak Robert Hooper Baker, Watts & Co

Chessie System names new news and editor staff

Lloyd D. Lewis, former Huntington Herald Dispatch editor, becomes director of news and community relations for Chessie System. Anne Platek, ex Penton IPC, named assistant editor of Chessie News. Paul K. Dell joins New York Life President's Council for an Arizona educational conference. Francis X. Knott of Arundal Corp is named to Maryland National Corp board, parent of Maryland National Bank with Frederick County facilities.

Lloyd D. Lewis Huntington W. Va Herald Dispatch Chessie System Anne Platek Penton/IPC Inc Cleveland Chessie News Paul K. Dell CLA Frederick Council of New York Life Insurance Co Arizona Francis X. Knott Arundal Corp Maryland National Corp Maryland National Bank Frederick County

Wall Street panics over Fed moves spark market doubts

Louis Rukeyser notes Wall Street’s hysterical reaction to the Fed’s credit tightening, arguing the market’s nerve is poor and often wrong. He cites past misreads, questions Fed strategy, and urges cautious analysis of inflation, monetary growth, and the coming election year, plus a note on rising construction contracts totaling 714 billion in five months.

New York Wall Street Federal Reserve Board America Paul Samuelson U.S Fed Paul Volcker Mea Culpa F. W. Dodge McGraw-Hill

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