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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 27, 1997
Page
5
NEW YORK AP investors pulled money from the pricey blue-chip sector and moved into smaller company shares. The Dow Jones average fell 77 points to 7,782 after an early deficit and a midday dip, while bonds traded amid mixed signals from economic reports on retail sales consumer confidence and manufacturing activity.
Acken Signs plans to move from Bluefield West Virginia to the old Lowe's building in Bluefield Virginia. A welcome ceremony is set for today at 10:30 a.m. at the new site. The company expects to relocate its manufacturing division and has been negotiating with the Tazewell County Economic Development Office for months.
The Roanoke Valley SAFE KIDS chapter will give limited shopping cart safety belts at Mick or Mack and Super Save Fresh Foods on Saturday August 30. The program informs families and grocers about preventing falls from shopping carts and reducing injuries seen in emergency rooms nationwide.
Mercer County officials host Dan Meadows from the State Treasurer’s Unclaimed Property Division on September 3 at 11 30 a m to explain the program and how to check if you have unclaimed property Richlands chamber and Claypool Hill Mall announce the 17th annual Arts and Crafts Show October 3 5 at Claypool Hill Mall spaces are available contact the Richlands Chamber of Commerce 540 963 3385 A free Social Security seminar September 9 6 30 to 8 p m at First Century Bank drive in facility 525 Federal St Bluefield presenters include Mario Machi president Machi Associates and retired Wytheville SSA manager contact 324 3244 for reservations
New readings on consumer confidence and manufacturing point to a stronger economy in the second half of the year, sparking inflation concerns. Investors weigh the risk of higher rates as the Federal Reserve has not raised rates since March. Gary Thayer notes that growth may bring economic pressures despite low current inflation. Markets initially dropped, lifting long‑term rates.
Bluegrass Livestock Market at Lewisburg reports stocker and feeder steers by weight from 69 to 86 dollars for under 500 pounds and up to 75 dollars for 501-750 pounds, with over 750 pounds at 69 to 72. Heifers run 55 to 77 dollars under 500 pounds, 58 to 74.50 for 501-750, and 60 to 70 for over 750. Bull calves 52 to 87.50, baby calves 21 to 47.50. Slaughter cattle include heifers 37 to 40.25, cows 18 to 36 with most 28 to 33, bulls 38.25 to 43.75, cow and calf pairs 410 to 450, and sheep and lambs Blue 77.25 Red 73, Bucks 30.
Petit larceny involved a change purse with 10 dollars stolen at Colony Center. recovered minus 10 dollars. Burglary reported on Wickam Avenue with television and VCR stolen, noted at 4 26 p.m. Assault on a Pine Street resident by four men with no charges pressed. Microwave stolen from Bee Street at 5 30 p.m. Police Chief Kassay’s paper box theft recovered and returned by Officer Syres.
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