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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Dec 29, 1992

Page

6

Stocks end mixed after blue chip rally on thin Christmas Eve trading

The Dow climbed 7.02 to 3333.26 as blue chips led a late rebound amid light volume on Christmas Eve. IBM, Bristol-Myers Squibb and Disney moved modestly, while high bond yields, profit taking, and Iraq concerns tempered the session.

RON Campbell Investment Planning Robert Thomas Securities, Inc SIPC Abbott Labs Allegheny Power AM. Family Corp Aoe Ameritech A Tne At&t CO AM. Water Works Anheuser-Busch Apple Computer Ashland Coal Inc Een Aere Aarednererss Baltimore Gas & EL Bearings Inc Bell Atlantic Bellsouth Corp Bethlehem Steel I Boeing CO Cabot Oil & Gas Carolina Power Fct Hevron Corp Chrysler Corp. Are Anc Rena Chubb Jbb Corp Corning Inc CSX Corp Detroit Edison Dominion Beshs DOW Chemical Dupont Eastern Eastman Kodak Emerson Electric Ethyl Corp Exxon Corp Uth Rest Virginia Bank Flowers Industries Rowers Fmc Corp Food Lion Inc Ford Motor CO Rene Ieee GEN. Electric CO GEN. Motors Corp GTE Corp E Eerie En Igeorgia Pacific Gillette CO Glaxo Holdings Goodyear Tire Hercules Inc Humana Corp IBM Corp Ingersoll—Rand JOY Technologies EY Centurian K-Mart Corp Kroger CO Lowe's CO Mapco Inc McDonald's Corp MCI Communications Merck & CO. Inc Mobil Corp Monsanto CO Mez Mylan Labs Nash-Finch CO Nationsbank Corp Eiercete Navistar Int'l Norfolk Southern Occidental Pete ONE Valley Bank Pacific Telesis J.C. Penney CO Pennzoil CO al Mh Dh Mim Phillips Petroleum Pittston Coal Potomac Elec PWR Praxair, Inc Bankshares Reynolds Metals Ees Rite Aid Corp RJR Nabisco Hldg Rockwell Int'l Sara Lee Corp Sears Roebuck Oulanmaenpeineeieen Sherwin Williams Shoney’s Inc Panonageemengadiligemens Signet Banking Southern CO Parc Eere Avait Tenneco Inc Seine Texaco Inc Union Carbide Union Pacific Unisys Corp Universal Corp Usair Group USX Marathon Oil U.S. Steel Wal-Mart Walt Disney CO Amana Noa Wendy's Westinghouse EL Westmoreland Coal Westvaco Corp Xerox Corp DOW Jones NEW York New York Stock Exchange Wall Street Iraq Conference Board IBM Glaxo Abbott Laboratories Merck Syntex Bristol-Myers Squibb Northeast Bancorp First Fidelity Bancorporation Northeast

Companies cash in on late breaks

New year brings tax fear as Clinton plan prompts many to accelerate compensation and option exercises. CEOs and stars like Cone McGwire and Sierra took large signing bonuses while firms advance year end bonuses, stock sales, and deferred pay to trim 1993 taxes. Bear Stearns and others move stock to save on future corporate deductions.

New York Clinton Washington William J Goldberg Kpmg Peat Marwick David Cone Kansas City Royals Mark McGwire Ruben Sierra Oakland Athletics Wall Street Bear Stearns Cos Bear Stearns Walt Disney Co David Coleman Vickers Weekly

WV Legislature to tackle finances education and health

West Virginia lawmakers plan February sessions focusing on finances, education funding, and health care amid projected tax shortfalls and red ink in Medicaid and retirement systems. Gov Caperton and leaders cite federal changes, infrastructure needs, and possible “sin taxes” as tools to close gaps, with attention to higher ed funding and health program reforms.

Charleston Gaston Caperton Washington Bill Clinton West Virginia Caperton Senate Keith Burdette D-Wood Republican Party David McKinley Chuck Chambers D-Cabell Chambers Burdette Clinton Nancy Tolliver Department of Health and Human Resources

Dollar Gains Amid Middle East Tensions On Holiday Week

The dollar rose against major currencies in New York trading as Middle East tensions escalated. Gold held at $332.90 on the COMEX with quotes near $333 at RNBNY. Investors sought the safe haven while Iraq-related news supported the gain along with military actions and warnings.

New York Middle East New York Commodity Exchange Republic National Bank of New York Iraq U.S United Nations Persian Gulf United States

Also Mentioned on This Page

NYSE American Stock Exchange Merrill Lynch & Co Morgan Stanley Group Inc Shearson Lehman Brothers Inc International Game Technology Reno Nev Charles Mathewson Robert C. Byrd McKinley Bluefield Daily Telegraph Bluefield
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