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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 08, 1990
Page
6
AAA estimates a four member family should budget 173 a day for lodging and meals plus 25 per 300 miles driven bringing the total to 198. The shift from 192 last year reflects higher Northeast costs and regional price differences. Greg Jordan.
A lengthy closing stock list shows percentages next to many corporations including AmerPwr Amer Brands Amerada Ashland Oil Avon Atlas Cabot Coca Cola Kroger Disney General Electric and Pfizer among others. Prices or percent changes are mixed with many large caps showing single to double digit movements across industries from energy to consumer goods and technology.
Division of Commerce officials announced rate hikes for state parks lodging and cabin rentals effective June 15. Average room increases mix show a $3 nightly rise and cabins $15 weekly, with single lodge rooms at about $43.50 per night and deluxe cabins at $390 weekly. Brown notes rising costs and needed renovations. By next fiscal year the state will invest $1.48 million in furnishings and upgrades for lodges.
New York stocks fell for a third straight session as investors grew cautious after a weak week. The Dow slipped 14.32 to 2897.33, with 638 up, 852 down, and 528 unchanged on volume of 160.42 million on the NYSE. Composite indices declined across the board and bonds showed little change to slight gains amid ongoing rate concerns.
Edith Citron on behalf of Heck's stockholders settled a securities fraud suit against Heck's Inc and three former officers for 515000. If approved, 350000 would go to former owners holding over 4.6 million shares. The 1986 suit alleged 1985 money loss of 4.5 million due to an accounting error.
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