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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 10, 1998
Page
5
AP reports a strong April in housing with new home sales at 888,000 annual rate, beating prior record 881,000 as low mortgage rates and unemployment lift demand. Florida window company owner notes future extra purchases as homeowners furnish and expand. Sharon Burnett buys second home and spends about 10000 on furnishings.
Leading indices posted slim gains in cautious trading ahead of Fed chair Greenspan’s congressional report. The Dow fell 19 to 9049, halting a three session rise, while Nasdaq led gains but decliners outpaced advancers. Merck boosted the Dow, American Express declined after Monday gains. overseas markets mixed with Nikkei up 1.5 percent and DAX and FTSE down.
Alderson Market sold 126 head on June 5, with receipts totaling 43152.21 dollars. Prices ranged for stocker and feeder steers from 75 to 93 dollars for under 500 pounds and 56 to 73 dollars for over 750 pounds, while heifers and cows also posted varied prices across weight classes.
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