Home sales up 13.4% in AprilSales of new and resale homes...

BUSINESS DIGEST

May 20, 1994

Home sales up 13.4% in April

Sales of new and resale homes in Maryland rose 13.4 percent in April, compared with the same month last year, the Maryland Association of Realtors said yesterday.

The average price of a home remained about the same, at $131,798.

The number of sales throughout the state increased to 4,045. The number of pending sales contracts rose 11.5 percent to 3,844, compared with April 1993.

Sales were up for the month in Baltimore, Carroll, Harford and Howard counties. Sales remained at about the same level in Baltimore and fell 10.4 percent in Anne Arundel County.

DMT workers end walkout

Some 50 employees of DMT Trucking Co. returned to work yesterday, ending a brief walkout after a federal judge issued an injunction.

The walkout began at midnight Wednesday night as part of a dispute over the Baltimore company's payments to the workers' pension fund, according to John Clemens, president of Local 557 of the International Brotherhood of the Teamsters.

The workers were ordered back to work by U.S. District Judge John R. Hargrove, who said the dispute should be resolved without resorting to the economic pressure of a strike.

Jobless claims down last week

The number of Americans applying the first time for state unemployment benefits dropped by 14,000 last week, the first decline in three weeks, the Labor Department reported yesterday. It said new claims totaled 367,000, down from a revised 381,000 in the week that ended May 5.

Genstar employees reject union

Employees of Genstar Stone Products' concrete division yesterday defeated an organizing bid by the International Union of Operating Engineers.

Workers at the company's White Marsh, Texas, Marriottsville and Jessup facilities voted 71-24 against the union, according to Genstar's attorney.

P&G to shift some production

Procter & Gamble Co. announced yesterday that it would transfer a small part of its skin care products production away from its plant in Hunt Valley by early 1997. A spokeswoman for the company said that no jobs would be affected and that the plant will continue to be the company's largest producer of cosmetics products.

New CFO at McCormick named

Robert G. Davey has been promoted to chief financial officer of McCormick & Co. Inc. He replaces James A. Hooker, who retires on July 1. Mr. Davey, 44, has been president of McCormick Canada Inc., a McCormick subsidiary, since 1991.

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