Dow soars record one day gain as market rallies
New York stocks surged with the Dow Jones industrial average gaining 75.23 points to 2,568.05 on the day. Traders cited lower interest rates, brighter inflation expectations, a stronger dollar, and computerized trading as fueling the advance. Gainers outpaced losers by nearly 2 to 1 with volume at 209.51 million shares. The rally followed a correction that trimmed the Dow by 230 points from its Aug 25 peak and signaled a possible end to the downturn according to several analysts.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Dow
NRC urged to set clear guidelines for plant shutdowns
The Nuclear Regulatory Commission should define nationwide guidelines for closing nuclear power plants after safety violations, per a GAO study requested by Sen. Alfonso M. D'Amato. The report urges the NRC to signal utilities which safety and management problems could trigger a shutdown and argues current leniency leads to plant self-imposed closings.
MENTIONED IN THIS ARTICLE
Washington
Nuclear Regulatory Commission
General Accounting Office
Alfonso M. D'Amato
R-N.y
Congressional Watchdog Agency
NRC
Tortoise suit wins for Florida collector in turf clash
Eric Platt won a 1500 dollar small claims suit against landscaper Thomas DiCandia after a court default ruling. Platt, 35, had acquired a rare Aldabra tortoise and alleged the mower’s actions killed a year-old reptile. DiCandia did not appear for the Sept. 2 hearing.
MENTIONED IN THIS ARTICLE
Fort Lauderdale
Fla
Eric Platt
Indian Ocean
Platt
Thomas DiCandia
Tom
DiCandia
Maryland tax amnesty nets over eight hundred fifty thousand dollars
Maryland's tax amnesty has drawn more than 853000 since starting Sept 1 and is expected to exceed 1 million by week’s end. Officials led by State Comptroller Louis L. Goldstein tour Western Maryland to promote the program as Oct 1 deadline looms.
MENTIONED IN THIS ARTICLE
Maryland
Marvin Bond
State Comptroller’s Office
Louis L. Goldstein
Bond
Marvin Walsh
State Office
Frederick
Frederick County
Goldstein
Massachusetts
Wlingis
Washington
Montgomery County
Maryland Waterways
Department of Natural Resources
Comptrollers Office
W. Patrick
Sematech unites U S chip firms to meet Japanese rivals
U S semiconductor companies pool resources to form Sematech a start up research group aimed at preventing wasteful duplication and boosting manufacturing parity. Key players include IBM Micron Advanced Micro Devices and Rockwell with chief co chairs Dixon Woods Knight and Rime. Founding members seek about 1.5 billion over six years with 100 million annual government support eyed from federal state and local levels as Reagan era scrutiny looms.
MENTIONED IN THIS ARTICLE
Far East
U.S
Sematech
Jack Woods
International Business Machines Corp
Woods
Department of Defense
Michael Borrus
Berkeley Roundtable
Japan
Joseph Parkinson
Micron Technology Inc
Boise
Idaho
Parkinson
Carpenters
Colin Knight
Advanced Micro Devices Inc
Daniel K. Rime
Rockwell International Corp
Semiconductor Products
Knight
United States
Defense
Santa Clara
Calif
Reagan
Economic Policy Council
Senate Armed Services Committee
Stocks of area interest show Baker Watts quotation
Over the counter trading quotations from Baker Watts and Co in Frederick list USFG Wash Gs Whittak 3978 24 3734 Mi percent. The note provides a brief market update with broker courtesy.
MENTIONED IN THIS ARTICLE
Baker Watts & Co
Frederick
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Happy Clown
College Park Plaza
Carlton
Barbarateen
R. Carro Roderick
Sam Yu
Paul Freiberger
San Francisco Examiner
Usfg
Wash
Whittak
Valerie Marcin
Che Frederick News-Post
Dow Jones
Allg Pwr
Avemco
Raltge
BellAth
Draayunched
CSX Corp
Clorox
ComSat
Exxon
Moore Corp
No A Phi
Penney
Planten
Iz la Potom el
Sears
Tha Southland
Standex
Market Street
Rose Hill Plaza
Frederick’s
Amber Meadows
U.S. Route 15
Motter Avenue
Maribeth Wisco Kline
Scott & Co
S. Market Street
Dyehi
John Hanson
Apple
Ithe Savings Bankrsp
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