Dow Falls Sharply As Rates Rise Toward Fed Move
The Dow Jones average dropped 50.59 to 5,642.80 as higher rates spooked traders. Analysts pointed to comments by former Fed official Lyle Gramley about a 50 basis point rate hike at the July 3 meeting, following strong housing data and a 6.7 percent April rise in new home sales. Bond prices sank, the 30 year yield neared 7 percent, and the stock market saw more decliners than advancers on light volume.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Lyle Gramley
Fed
Gramley
Commerce Department
Econo
Treasury
Larry Wachtel
Prudential Securities
Arthur Hogan
Dean Witter Reynolds
New York Stock Exchange
Bank merger doubles NBI assets expands Virginia reach
TAZEWELL Va National Bankshares Inc parent of The National Bank of Blacksburg and Bank of Tazewell County announced the affiliation became effective and Bank of Tazewell County becomes a wholly owned subsidiary. BTC shares convert one for one into NBI stock with a 190 768 share dividend declared June 14. Combined affiliates hold 13 branches in Virginia and more than 385 million in assets.
MENTIONED IN THIS ARTICLE
Tazewell
National Bankshares, Inc
NBI
Blacksburg
National Bank of Blacksburg
Bank of Tazewell County
BTC
Bank of
Tazewell County
Jim Rakes
Ray Dodson
Community Bank
Ing
Rakes
Virginia
Daily Record 911 Call Totals by Category on May 20–26
A historical Daily Record tally lists 911 calls received May 20 to 26 with category counts. Notable entries include Missing Person 3, Death by Own Action 2, Assault 28, Motor Vehicle Accident 31, Burglary 5, Shots Fired 7, and Prowler 4, spanning departments Bluefield Mercer Sheriff Bramwell Princeton West Virginia State Police Mercer Mall Security and rescue services.
MENTIONED IN THIS ARTICLE
Crumpecker Hill
D.ull
B&e
Bluefield
Mercer
Bramwell
Princeton
West Virginia State Police
Mercer Mall
Notice of Change in Rates for Bramwell Waterworks
Public notice states Bramwell Waterworks approved a tariff increase on May 20 1996 raising average residential bills by 14.72 dollars (93 percent) and commercial bills by 6.22 dollars (also 93 percent) affecting about 279 customers in Mercer County West Virginia. The increases take effect July 5 1996 unless PSC orders otherwise and reflect new annual revenue of roughly 52583 dollars. petitions alleging discrimination may be filed within 30 days with the PSC Executive Secretary. The notice provides locations to review the proposed rates and outlines petition procedures and mailbox addresses for filings.
MENTIONED IN THIS ARTICLE
Bramwell
Mercer
Public Service Commission
Commission
Public Service Commission of
West Virginia
Brooks Street
P.O. Box
Charleston
Bramwell Waterworks
Bramwel Waterworks
Bramwel Town Hall
Secretary of the Public Service Commission
P.O
Notice of Forfeiture Petition Seizes Car and Funds in Mercer County
In Mercer County WV the Circuit Court hears a petition for forfeiture under WV law involving a 1979 Oldsmobile VIN 3X69K9M125452, checking and saving accounts at One Valley Bank, and $892 in cash. Bluefield Police Department seeks to forfeit assets owned or held by Phillip Williams, with claims due by July 2, 1996. A copy of the petition is available from the Clerk. entered May 17, 1996 by Clerk Wilma F Grubb.
MENTIONED IN THIS ARTICLE
West Virginia
Saa
Oldsmobile
ONE Valley Bank
Bluefield
Avenue
U.S
Bluefield City
Mercer County
Phillip William
Rogers Street
Phillip Williams
Bluefield Avenue
Wilma F. Grubb
Circuit Court
Police blotter notes multiple incidents in Bluefield Virginia
The Bluefield blotter reports a Thursday accident on Mountain Lane with no injuries. Other entries include a disabled vehicle at Cumberland Road and Maryland Avenue, a missing person later found at Bluefield High School, an abandoned vehicle on Bland Street with a citation, a warranted arrest on College Avenue, a noise disturbance at Gabby’s on Jefferson Street, a fight on Stowers Street, kids playing on College Avenue with a warning, and petit larceny on 2001 Ohio Street involving about $115 and two packs of cigarettes.
MENTIONED IN THIS ARTICLE
Bluefield
Mountain Lane
Coy Saunders
Cumberland Road
Maryland Avenue
K.C. Hazuka
Bluefield High School
T.L. Simmons
Bluefield Jr. High School
Bland Street
W.T
Ohio St
G.A. Haynes
Plant tour to preview Baptist Valley water project site
Tazewell County officials will tour the Coca Cola Roanoke plant June 13 to study an ultra filtration membrane system similar to what is planned for Baptist Valley. The PSA and town will fund a $7,500 feasibility study, with construction possible next spring and total project costs around 10.6 million dollars. The current Baptist Valley water source is deemed a potential health hazard.
MENTIONED IN THIS ARTICLE
Tazewell
Baptist Valley Water Project
Coca Cola
Roanoke
County Public Service Authority
Jim Spencer
Bishop Water
Spencer
Baptist Valley
Authority
PSA
Cavitt’s Creek
Virginia Rural Economic and Community Development Administration
Bluefield
Graduation omission corrected for Princeton Senior High senior
Princeton Senior High School graduate Tiffanylyn Thomason was unintentionally left out of the 1996 Graduation Special Section in Friday’s edition and is now acknowledged in this correction.
MENTIONED IN THIS ARTICLE
Princeton
Tiffanylyn Thomason
Princeton Senior High School
Also Mentioned on This Page
Ron Campbell
AM. Family Corp
Ameritech
At&t Corp
Anheuser-Busch
Apple Computer
Ashland Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Boeing CO
Cabot Oil & Gas
Carolina Power
Chevron Corp
Chrysler Corp
Chubb Corp
Nat's Gas Columbia Healthcare
Corning Inc
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
DOW Chemical
Dupont
Eastern Ent
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
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
K-Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
MCI Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
Mylan Labs
Nash Finch CO
Nationsbank Corp
Navistar Int'l
Nike, Inc
Norfolk Southern
Occidental Pete
Pacific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Pittston Minerals
REX Stores Corp
Reynolds Metals
Rite Aid Corp
RJR Nabisco Hldg
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney's Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
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's
Westinghouse EL
Westmoreland Coal
Westwaco Corp
Xerox Corp
DOW Jones
Dow
Daily Record
Bluefield Rescue
Princeton Rescue
Oh-Y
Brush
Athens
Bluestone Valley
Bluewell
East River
Green Valley
Matoaka
Montcalm
Oakvale
Charles R. Smith
Renegade Entertainment Presents
Bluefield City Auditorium
Bluefield, WV
Amos Quick
Darren
D’s” Saunderstone
Fetch
Tommy Gee Mix
Bluefield Regional Medical Center
Martin Beals
Martin Beals, M.D
Stadium Drive
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