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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Aug 25, 1978

Page

7

Dow Near 900 Level as Stocks Post Small Gain

The Dow industrial average hovered around 900 then closed up 0.35 at 897.35 amid late profit taking. Analysts cited a wavering dollar and a Fed money supply report as restraining influences, with gainers outpacing losers about 4-3 on the NYSE. National Airlines jumped on takeover bids, Pan American and Texas International drove activity.

New York Dow Federal Reserve Fed New York Stock Exchange National Airlines Pan American Texas International Airlines

Penalties waived for six firms in gas allocation dispute

Columbia Gas of West Virginia moved to waive penalties against six firms cited for over running gas allocations in 1977. Raleigh Reach-Mix Metal Litho Corp and Warwood Tool Co had penalties waived for various reasons. Wheeling Closure Co had its gas allocation increased and was removed from the list. Also Gov Rockefeller announced Lewisburg Historic District added to the national register in Greenbrier County. The state plans to computerize 2500 highway project records to speed status checks and corrective actions.

Charleston W.va Columbia Gas West Virginia Columbia PSC M.D. McDonnell Black Rock Contracting Inc Dunbar Retreading Service, Inc Raleigh Reach-Mix Metal Litho Corp Warwood Tool Co Wheeling Closure Corp Raleigh Reach- Mix Lewisburg Greenbrier County Jay Rockefeller Fairlea State Department of Highways Charles Williams DOH

DNR Workers Seek Equal Pay Study Over Inspectors

Water resources division employees petition the Civil Service Commission for a wage equity investigation. Attorneys claim inspectors and supervisors are paid less than reclamation division peers despite performing similar work. DNR officials note base pay matches at 9 780 while surface mine inspectors have mandatory 15 000 after one year, and a 10 percent raise was issued July 1. Civil Service cautions broad payroll implications if parity is set at 15 000.

Charleston W.va Water Resources Division Department of Natural Resources Department Reclamation State Civil Service Commission J. David Cecil Civil Service Commission David Callaghan DNR Callaghan Charles Lewis

West Virginia Sees No Takeup for FHA Graduated Mortgage Plan

Nationwide FHA and HUD program offers five GPM plans with payments starting lower than standard loans. Despite 22,000 families adopting GPM nationwide this year, no West Virginia residents have applied. HUD official Carl Smith cites unclear reasons while noting lenders can participate.

Charleston W.va West Department of Housing and Urban Development Congress Congressional

Coal suits filed in Floyd and Fayette circuits

Three lawsuits totaling 109.4 million dollars in damages over disputed coal mining contracts were filed in Floyd Circuit Court and Fayette Circuit Court. Harkins Mineral Associates accuses Island Creek Coal Co and Floyd County Coal Inc. of breaching a 1966 lease and failing to pay royalties, leaving coal seams unrecovered. Additional suits involve Biltmore Coal Corp. and Southeast Energy Corp. over May contracts and equipment leases, including a 1 million ton by 1981 plan and a claim Ford Energy did not pay for 400000 dollars of coal mined.

Prestonsburg Floyd Fayette Lexington Harkins Mineral Associates Island Creek Coal Co Floyd County Coal Co., Inc Harkinson Prater Beaver Creeks Floyd County Floyd County Coal Evans Elkhorn Coal Co West Virginia Island Creek Joe D. Weddington Clifford Bevins Biltmore Coal Corp Weddington Bevins Ford Energy Corp Southeast Energy Corp Kentucky Eastern Coal Corp Beer Biltmore Ford Energy Greenup Ford

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