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Bluefield Daily Telegraph in Bluefield, West Virginia

27 Dec 1997

Page 6

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Bluefield Daily Telegraph December 27, 1997 Page 6 old newspaper archives

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Dec 27, 1997

Page

6

Stocks edge higher on lightest trading day of year

New York reports a calm post Christmas session with the Dow up 19.18 to 7679.31 as 154.84 million shares traded on the NYSE, the lowest of the year. The Nasdaq gained amid bargain hunting in tech while IBM and Merck moved only slightly. Overseas markets showed mixed signals with South Korea rising and Japan retreating.

MENTIONED IN THIS ARTICLE

RON Campbell Investment Planning Robert Thomas Securities, Inc Abbott Labs Allegheny Electric AFLAC Ameritech At&t Corp IND. Tech Ashland Coal Inc Ashland Oil Inc Atlantic Richfield Baker-Hughes Inc Baltimore Gas & EL Bell Atlantic Bellsouth Corp Bethlehem Steel Boeing CO CBS Corp Cabot Oil & Gas Carolina Power Chevron Corp Chrysler Corp Chubb Corp Citizens Utilities Coca-Cola CO Columbia Gas Sys Columbia Healthcare CON Nat'l Gas Corning Inc Crestar Financial CSX Corp Detroit Edison Dominion Res DOW Chemical Dupont Eastman Kodak Emerson Electric Ethyl Corp Exxon Corp First Union Corp 1St Virginia Bank Flowers Industries FMC Corp Food Lion Inc Ford Motor CO GEN. Electric CO GEN. Motors Corp GTE Corp Georgia Pacific Gillette CO Glaxo Holdings Goodyear Tire Hercules Inc Humana Corp IBM Corp Ingersoll Rand Intel Corporation Mart Corp Kroger CO Lowe's CO Lucent Technologies Mapco Inc McDonald's Corp MCI Communications Merck & CO. Inc Microsoft Corp Mobil Corp Monsanto CO Mylan Labs, Inc Nash Finch CO Nationsbank Corp Navistar Int'l Nike, Inc Norfolk Southern Occidental Pete ONE Valley Bank J.C. Penney CO Pennzoil CO Pepsico Inc Phila, Electric Philip Morris Cos Phillips Petroleum Pittston Brinks Pittston Potomac Elec PWR Praxair, Inc Pulaski Reebok Int'l REX Stores Corp Reynolds Metals Rite Aid Corp RJR Nabisco Hldg Ars Rockwell Int'l Sara Lee Corp Sears Roebuck Tenneco Inc Texaco Inc TRI Continental Union Carbide Union Pacific Unisys Corp Universal Corp Usair Group Usx-Marathon Oil USX U.S. Steel Wal-Mart Walt Disney CO Wendy's Int'l Westvaco Corp Valley Nat'l Gases Xerox Corp DOW Jones New York Technology Rir New York Stock Exchange IBM Merck
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IMF G 7 loan pledge lifts South Korea markets

In Seoul traders flooded the floor as stocks surged after the IMF and G Seven agreed on a $10 billion emergency loan package to Seoul. The Korea Composite Index jumped 6.7 percent to 375.15, the won rebounded, and turnover topped decliners as hopes rose for a rapid market recovery and renewed foreign lending.

MENTIONED IN THIS ARTICLE

Seoul South Korea Lee Kyu-chul International Monetary Fund Lee IMF G-7 Korea Stock Exchange U.S
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Cuba urges optimism as 1998 nears despite modest growth

In Havana the government urged optimism ahead of the 39th New Year since Castro’s revolution. Vice President Carlos Lage, touring Camaguey, said Cubans can endure hardship and face 1998 with confidence though growth is projected at 2.5 to 3.5 percent. The sugar harvest is seen below 4 million tons as centers close. tourism is to be boosted for hard currency.

MENTIONED IN THIS ARTICLE

Baek Jung-hyun Samsung Securities Co U.S South Korea Lee Lim Changyuel Kim Daejung Kim Havana Fidel Castro Carlos Lage Granma Communist Party Lage Cuba Camaguey Fulgencio Batista Castro Europe Jose Luis Rodriguez Rodriguez
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Dollar mixed after rising against Japanese yen

The dollar was mixed as Tokyo stocks fell, rising against the yen while slipping to a month low against the British pound. Traders sought havens amid Asia's troubled economies and weak Tokyo market, with concerns over corporate failures and a cautious stance before possible intervention.

MENTIONED IN THIS ARTICLE

New York Tokyo U.S Asia Tokyo Stock Exchange Ble Japan
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Also Mentioned on This Page

Mbc-Tv Tokyo Mitsubishi Kevin Harris MCM Currencywatch Korea United States Viacon Ramey Hiei Bluefield Area Foundation Bluefield Area Foundation, Inc P.O Bluefield Metro Raime Y Tazewell Hileweller Ney Ramey Tazewell Hileweterr Eyata
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