Market Advances as Dow Tops 1045 on Rally
New York AP reports the stock market rose for a third straight day ahead of Christmas. The Dow Jones industrials gained 10.03 to 1,045.07, lifting the week’s total to 33.57 as investors priced in potential rate cuts. Markets will be closed for a holiday.
MENTIONED IN THIS ARTICLE
New York
Kaisr al
Stock Exchange
Sbiaedta Lockhd
AMR Cp
Alcoa
AdRich
Avnet
Niamp
Bethstl
NwstAir
BorgWa
Brnswk
RCA
EsKod
Exxon
Scott P
Sears
Singer
Getty
Texaco
Gillette
Gdrich
Goodyr
Gulf Oil
Ussteel
IBM
William
Kmart
Wheat First Securities, Inc
American Furniture
Apple Computer
Atlantic Oil
Bassett Furniture
Bluefield Supply
Burke Parsons
Coherent
Dominion Bankshares
Federated Income
Energy
First Carolina Inves
Heilig-Meyers Wty
General Energy
MCI Communication
Miller Tech Sha Pulaski Furniture
Quadrex Corp
Ragen Precision Ms
Sunlite Oil Co
Westmoreland Coal
New York Commodity Exchange
Over The Counter Stocks Mixed Amid Year End Trading
Trading paused for Christmas as NYSE volume slowed to 62.88 million shares while gains clustered in housing related issues. IRS ruling allows profits from 1982 or 1983 reporting. losses through next Friday affect 1982 accounts. General Motors and Ford moved, Amax surged, Harnischfeger fell on a quarterly loss. indices rose.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Internal Revenue Service
Louisiana- Pacific
Jim Walter
Evans Products
General Motors
Ford Motor
Chrysler
Amax
Metals and Energy Company
General American Oil of Texas
Mesa Petroleum
General American
Harnischfeger
Standard & Poor
S&p
Shiflet Chosen as House Majority Leader in West Virginia
Speaker Clyde Lee named Del Marion Shiflet to be the House majority leader, a veteran who has held the post twice before. Shiflet, 55, an insurance agent from Union, will replace Roger Tompkins who did not seek re election and ran for Congress instead. The article notes upcoming committee appointments and the possibility of a female member on the Rules Committee.
MENTIONED IN THIS ARTICLE
Charleston
W.va
Clyde Lee
House of Delegates
Del
Marion Shiflet
D-Monroe
Marion
Democratic Party
House
Lee
Shifler
Roger Tompkins
Tompkins
Congress
Union
Ivor Boiarsky
Lewis McManus
Charles M. Polan Jr
D-Cabell
Joseph P. Albright
D-Wood
See
House Rules Committee
Martha Wehrle
Dhanawha
Sarah Neal
D-Greenbrier
Supreme Court Holds Bankruptcy System In Limbo
The Supreme Court refused to extend the stay for the bankruptcy court system, denying Rex Lee's request to allow more time for Congress to restore constitutionality. The high court had earlier set Oct. 4, then Dec. 24, but Congress did not act, risking chaos as federal courts may absorb bankruptcy cases amid high filings.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Reagan Administration
Congress
High Court
Rex Lee
Solicitor General
Reagan
Israel Opens Talks With Lebanon On Normalization
Israel signals talks with Lebanon to start next week focusing on normalization of relations and security guarantees rather than full withdrawal. Israel seeks open borders and a buffer zone. Lebanon prioritizes withdrawal of foreign forces and full government authority. Talks to alternate between Khalde and Kiryat Shmona with U S representatives present.
MENTIONED IN THIS ARTICLE
Tel Aviv
Israel
Lebanon
Menachem Begin
Uri Porat
U.S
Beirut
Khalde
Kiryat Shmona
Also Mentioned on This Page
Wheat First Securities Inc
Scoa Ind
Firestone
MAPCO
SEDCO
ARA Sves
Va Bkil
Mary Kay
Sony
Ashland Oil
Flour Corp
McDonalds
Sthrn Co
Avon
Fowls Inds
McGraw
Lou Roy
Foster Wh
Media Gn
Atlas Corp Mesa Petr
Spectra Phy Bakr
Frort MeMr
Strer
Baltg&e
Ga Pacific
Murphy
Texas
Gould
Gymsum
Tiger
Tesco
Belco
Grace
Grumman
Newmont
Blue Bell
Trico Ind
Bps
Boise
Hanna Min
Nik & Sthn
Hecks
No Am Coal
Tucson
Hercules
Occidental
Burroughs
Occintl A
UNC Rses
Cabot Corp
Union Pac
Pwr
Occindt
US Air
Hughes Tool
United Tech
Cstl
Humana
Overnite Univ Leaf
Coca Cola
Sita Ingersoll
Parsons
Col Gas
Inexco
Maris
Warner Com
Comb Eng
Pennwalt
Warner Lamb
Itek
Wncona
Crane
Pepsico
Dan River
Pittston
Kaneb Sves
Westaghse
Dome Petr
Lear Siegler
Whittaker
Duke Power
Lear Petri
Quak St O
Wilms Elec
Shiflet
Judiciary Committee
del. Lyle Sattes
Okanawha
Education Committee
Larry Swann
Doddridge
Swann
James W. Teets
Preston
Bluefield Daily Telegraph
Porat
The
Flat Top National Bank Choir
WKOY
Bank of Bluefield Federal
Raleigh Street
Ashlea Ma
Easy Living
White Sale
Sale
Priscillas
Leggett
Mercer Mall
Princeton
MasterCard
VISA
American Express
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