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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Oct 31, 1989
Page
5
Grain futures and livestock trading at the Chicago Board of Trade show varied moves across wheat corn and soybeans with price fields and open interest shifts. Quotes include Dec Mar and May positions for WHEAT CORN and SOYBEANS plus Friday sales and open interest figures.
Central U S meat trade notes light boxed beef demand and mostly steady prices. Reports cover 65 loads of boxed cuts and 491 2 loads of pork, with detailed carcass prices for beef, pork, and utility cuts and daily slaughter estimates for cattle hogs calves and sheep.
Omaha stock market report shows hogs and cattle with declines and steady to lower prices. Hogs 1-1.50 lower. U S 1-35 230-250 lbs 46.50-47.00. 1-45 20-380 lbs 48.00-46.50. sows under 500 lbs 50-1.00 lower. meat weight ranges varied. Cattle and calves 3300 head. steers and heifers 50-1.09 lower. cows weak to 1.00 lower. select and choice weights listed. sheep lambs mixed with price ranges. lambs and pelts noted.
Martin Marietta Corp. board authorizes a quarterly cash dividend of 33 cents per share on common stock. The payment date is December 29 to holders of record at the close of business December 4.
The Dow rose after last week’s slide but failed to rally. volume fell to 126.63 million shares amid mixed breadth with 684 advancing and 774 declining on the NYSE. Analysts cited bargain hunting and hopes for modest economic growth while warning earnings may disappoint for some time. The Dow, S&P and Nasdaq all showed small moves, with the NYSE composite at 185.59 and the S&P 500 at 85.07.
The dollar rose against major currencies in European trading as markets stayed calm and cross currency activity rose. The Bank of England reportedly stepped in to prop up the pound after Nigel Lawson’s resignation, with gold and silver firming and Tokyo sessions showing yen weakness.
Forbes list honors Maryland firms T Bowe Price and Associates of Baltimore Group 1 Software of Greenbelt Polk Audio of Baltimore E A Engineering and Science Technology of Hunt Valley Crown Books of Landover. The ranking reflects sales from 5 to 330 million and earnings growth and balance-sheet strength. James Madison Limited reports Q3 1989 income of 951000 or 9 cents per share versus 1.6 million or 15 cents a year earlier.
The Frederick Business and Professional Women's Club hosts its annual fashion show at 6 p.m. Tuesday in the Sheraton Ion. Tickets cost 18 dollars and are sold by Emily O Keefe and Linda Wilson. Participating stores include J Harrison s Jorgene s and Madame Pompadour s. Reservations close November 4. Seated: Linda Wilson fashion coordinator. standing: Bette Bennett Alice Houck and Evelyn Ayersman.
Blue Cross and Blue Shield of Maryland filed two alternative amendments with the State Insurance Commission as Congress has not passed a final Medicare Catastrophic Coverage Act. The filings propose rate changes from a 8.2 percent decrease to a 9.6 percent increase based on age, plus dropping the PLUS drug discount portion and adding Healthtrac.
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