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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 11, 1997
Page
5
The Dow Jones industrial average closed above 7,500 for the first time as stocks rose on a broad advance despite a weak technology sector and bond market. The index surged late in the day to about 7,539, marking a third straight record high while Tokyo's Nikkei also rose.
The West Virginia SBDC and McDowell County Development Authority offer free counseling on Starting a Small Business at Welch Job Service on Tuesday June 17 from 10 a.m. to 3 p.m. Will Willis will cover planning financing licensing advertising tax requirements and record keeping. Appointments are limited call 436-3833.
The Manufacturing Technology Center and SWCC prepare a Mobile Learning Unit for on-site training. On June 13 the unit will open 9 am to 2 pm for community residents at SVCC in Richlands Virginia, showcasing programs for manufacturing careers and teacher in-service use.
FCFT announces a 31 cent per share dividend for the second quarter of 1997, up from 24 cents after a 5 for 4 split. Total payout is $1.75 million with record date June 16 and payment June 30. The dividend yields about 4.2 percent versus 2.8 percent industry average. First quarter 1997 net income rose 8.4 percent to $3.7 million. ROA 1.81 percent and ROE 16.57 percent. Market maker Ryan Beck and Co. can provide stock information at 888-231-7226.
Alderson Va June 6 sale at Alderson Livestock Market moved 253 head for 65299.34 dollars. Stocker and feeder steers ranged 65 to 81.50 per cwt, heifers 33.50 to 69, cows 31 to 34, bulls 40 to 48.25, calves 135, donkey 145, sheep and lambs to 92.50, goats to 96. Narrows Va June 7 sale totaled 127,253.42 dollars. Sheep 89 head, lambs 60 to 93, cows 26 to 40, bulls 43.50 to 50.50, stock feeders 62 to 88, baby calves 35 to 105, cows with calves 400 to 650, bred cows 300 to 450.
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