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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 25, 1998
Page
5
Financial price quotations published for August 24 1998. Ron Campbell Investment Planning and Robert Thomas Securities provided the closing figures, detailing market values for multiple securities at session end. The notice lists instrument names and associated prices as recorded by the firms.
Blue chip stocks rose modestly as the market extended a rebound from Friday’s plunge, but investors remained wary amid global economic and political instability. The Dow edged up to 8,566.61 after volatile swings and mixed results across broader indicators.
A London source says British Airways will order 59 short haul jets from Airbus Industrie while keeping Boeing for larger aircraft. The move would mark a major shift from Boeing, though BA plans more Boeing 777s in a separate $5 billion fleet revamp.
Elder-Beerman Stores Corp reports second quarter net income of 239000 on sales of 125.5 million, reversing last year's 2.3 million loss during Chapter 11. Excluding Stone & Thomas acquisition costs earnings would be 592400 or 5 cents per share. The firm emerged from bankruptcy in December and will operate 58 stores across six states after completing the 21 store purchase.
The Treasury sold 5.75 billion in three month bills at 4.920 percent and 7.25 billion in six month bills at 4.940 percent. The three month rate matched a high not seen since August while the six month rate dipped to a January low. A separate Fed report showed the one year T bill yield at 5.24 percent, up from 5.23 percent.
A sequence of property deeds and conveyances listed for Mercer County with multiple grantors and grantees. Entries include transfers in Plymouth and East River Districts, Bee and Cumberland Heights Additions, various tracts and easements, and parcels in Princeton Bluefield Matoaka and related streets. Names include John T Via Farm Albert Anderson Dickerson and McKinney Jr along with Appalachian Power Company and First Bank Mercer Co. notables. The record records transfers across numerous parcels and easements, including RW Easements and CP subdivisions, reflecting a busy docket of private property transfers.
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