Market higher as rally lifts averages in light trading
New York stocks rose from intraday peaks led by energy shares as the market halted its worst slide of the year. The Dow gained about 120 to 8300, the S and P 500 advanced 24 to 10338, and the Amex index climbed as US Filter and Riley Co moved on corporate actions amid thin volume of about 29.65 million on the Big Board.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
GS Standard & Poor
S&p
American Stock Exchange
Riley Co
US Filter
Local surveyors win awards from Maryland Society
A number of area surveyors were honored by the Maryland Society of Surveyors in diverse categories. Winners included Dewberry Nealon and Davis Gaithersburg Evans Hagan and Holderer Westminster and Baltimore Fox and Associates Hagerstown Hanson and den Oxter Rockville along with Catonsville Community College judges from several counties. ACCOUNTING FIRMS MERGE Main Lafren Co and Hardman and Cranstoun merge to form a firm with 475 partners and over 2,000 staff in 83 offices nationwide. The Hagerstown area office is at 100 W Washington St.
MENTIONED IN THIS ARTICLE
Maryland Society of Surveyors
Dewberry, Nealon & Davis
Gaithersburg
Evans, Hagan & Holderer
Westminster
Baltimore
Fox & Associates
Hagerstown
Hanson & den Oxter Ltd
Rockville
Catonsville Community College
Main Lafren ® & Co
Hardman and Cranstoun
The
W. Washington St
Understanding degree days in oil heat and delivery timing
We explain degree days as a measure of how cold it is versus a 65 degree base. Each day the mean outdoor temperature is subtracted from 65, giving degree days that help oil dealers estimate burn rate and schedule deliveries with a five day safety margin. Changes in consumption or new heat areas affect forecasts. a brochure, Consumer's Guide to Economical Oil Heat, is available free by writing to Consumer's Guide, PO Box 128, Wethersfield, Conn.
MENTIONED IN THIS ARTICLE
Wethersfield
Conn
New Series EE Savings Bonds to Replace Older E Bonds
The Treasury will issue Series EE Savings Bonds starting January 2, 1980, offering a guaranteed interest rate and security features similar to the existing E Bonds. The Double E bonds will double in value by maturity after eleven years, with denominations from 50 to 10,000 and a 6.5 percent yield at five years or more. They can be bought via Payroll Savings Plans and Bond-A-Month Plans.
MENTIONED IN THIS ARTICLE
Treasury Department
Sears
Maryland bankers seek higher ceilings on credit cards and loans
The Maryland Bankers Association plans to ask the General Assembly to raise maximum interest ceilings for credit card purchases and installment loans. Lenders say current rates fail to cover rising costs driven by higher discount rates, with 12 percent already seen as inadequate. The association urges 15 percent for installment loans over 3500 and elimination for loans under 3500, while national banks charge 13 percent on such loans. Edward J McNeal of the Retail Merchants Association backs the proposals, warning of reduced consumer credit without caps.
MENTIONED IN THIS ARTICLE
Maryland Bankers Association
General Assembly
William K Weaver
The
Bankers Association
Lernders
Federal Reserve Bank
Weaver
Association
Edward J McNeal
Retail Merchants Association of Maryland
New teen center opens on Market Street Frederick
Good Times, the new club for teenagers at 54 Market St Frederick, will host a disco dance at 11 30 p m Friday October 19. The center serves no alcohol and aims to keep youths off the streets. Owner David L Smith notes it provides pool tables amusements and free admission.
MENTIONED IN THIS ARTICLE
Good Times
Market St
Frederick
David L. Smith
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