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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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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Basko
NaftSti
Eaton Wie
Norton
Exxon
Occid Pet
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Onmio
Owen C
Owen I
Alcoa
Penney Am Air
Pepsico
Sila
Am Can
Phil Morr
Pr. Phill Pet
Gillette
Dls
QuakOat
Goodrn
RCA
Am Motors
Raiston
Goodyr Reich
Nearmco
Avco Ninger
E Scott P
Bend
Singer Co
Boeing
Borden
JanMan Cpc
Sis Joy Mig
Sperry
Kaisr al Me St Brands
Chrysler
Kmart
Koppers
Coca Col
Kroger Wa Ster Drug
Wis Co
Texaco
Timkin
Lykes
Maratha O
Runiroyal
Curtis
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Mead Corp
Westy EI
Dow Ch
Weyer
Amax Aie Great
Preips Dodge
Amerada
Grumman
Pittston
Gulf & West Ye
Plantronics
Amer Family
Potomac E! Ia
Amer Stand
Hardees
AMF
Hanes
Proc & Garn
AMIC
Hanna Min
Rein el
Asarco
Hecks
Reynolds Ind
ATO
Holiday Inns
Reynolds Met
Atlas Corp
Hosp Corp Alla Robins AH
Bakr Inti
Houvoilm
Robertshaw
Joe Maris
Bakgbee
Hughes Too S's
Bank of VA
Humane
Inexco
Scoa Ind
Sedco Moa
Smiths Trans NT
Jim Walter
Southern Co S
Boise
Cas
Litton
Lockheed M
Tenneco
Cabot Corp
Texas
Caro Pwr
la Pacific
Texas Instr
We McGraw Ed
Joko! B's
MAPCO
Tiger Intdia Caterpillar Mariott
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Trico
Citicrop 204 Media
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Mesa Pete
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Merck
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Mitchell Enrgy
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el Paso Co
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American Stock Exchange
Wheat First Securities, Inc
American Furniture
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Beard Oil
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Burke Parsons
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Galveston Houston
General Energy Lewes Companies
Netowstra Fininvom
Pulaski Furniture
Reserve Oil Moris
Sam Solomon
Strother Drug
Westmoreland Coal
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Bluefield Plaza
Mountain State Briefs
Todey
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Stadium Drive
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Oxford
SALE
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OUR
REG
Coe
Orson
Star Bottom
Bluefield Ave
Willow & Mulberry Sts