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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 03, 1995
Page
9
Closing price quotations for June 2 1995 provided by Ron Campbell Investment Planning and Robert Thomas Securities Inc. include market figures, with traders noting daily shifts and the latest figures from the two firms.
New York AP reports mixed stocks with blue chips down on weak payroll data. Dow fluctuated from down 42 to plus 17 before finishing negative as broader market rose on lower rates. Labor Dept showed May payroll losses of 101,000, yet unemployment eased to 5.7 percent.
Washington AP reports May 1991 saw a 101,000 payroll job loss the largest in four years with manufacturing and construction hit hardest. The unemployment rate ticked to 5.7 percent while the Leading Economic Indicators fell 0.6 percent for April, fueling recession worries and speculation the Federal Reserve might cut rates soon.
Mitsubishi Electronics executives inspect Newport News Virginia as a potential plant site. Tom Chapman says the visit is routine with no definite plans. Local leaders note interest in using 50 acres of farmland including 38 acres city purchased recently. Denton says officials have already visited and will return. He hopes a decision comes soon.
Virginia's unemployment rate fell to 4.0 percent in April, a five year low, with 140,200 jobless in the month. The Virginia Employment Commission cited a strong economy driven by spring tourism, Easter trade, and a building boom, while government jobs declined due to school spring breaks and initial unemployment claims dropped to 21,631.
Daily records from Bluefield and nearby towns detail disturbances at the Holiday Inn and Mountain e er Lanes, thefts at 1203 West Virginia Manor and S-Mart, a bicycle theft on S-Mart Bluefield Ave, a two vehicle crash on Spruce Street Bluefield Avenue, and arrests for disorderly conduct. An intoxicated subject removed from a roadway. juvenile shoplifter. Mercer County sheriff and Tazewell VA police report hostages not fully verified. domestic dispute resolved with court order. disabled motorist incident with keys locked inside.
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