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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

Jul 01, 2003

Page

8

S&P Notches Best Quarter Since 1998

New York AP report notes the S&P 500 gained 14.9 percent in the April-June quarter, its best since late 1998, while the Dow rose 12.4 percent and the Nasdaq up 21 percent. Russell 2000 also rebalanced amid quarter-end shifts with light trading and holiday volatility.

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Tobacco crop forecast shows 1874 low amid quotas and imports

The Agriculture Department reports the 2002 tobacco crop at 413,710 acres, a 3 percent drop from last year and the smallest since 1874 due to lawsuits, tax-driven demand declines, and government quotas. Florida Kentucky North Carolina Tennessee and Virginia farmers cut plantings as quotas shrink and imports rise. Grower Roger Quarles notes lenders and leases struggle to cover quotas.

Washington Ulysses S. Grant Agriculture Department Florida Kentucky North Carolina Tennessee Virginia Thomas Capehart Department Capehart U.S

Treasury raises short term rates at Monday auctions

The Treasury sold 17 billion in three month bills at 0.885 percent and 18 billion in six month bills at 0.95 percent, both up from last week. The discounts understate returns at 0.903 percent for three months and 0.971 percent for six months. The Fed reported one year constant maturity yields rose to 1.02 percent from 0.95 percent.

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Also Mentioned on This Page

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