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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 13, 1986
Page
3
The article presents closing stock quotations provided by Wheat First Securities, Inc. including price ranges, daily net changes, and authoritative listings for a selection of equities, with emphasis on notable market movers and sector leaders.
New York stocks ended mixed in a light session. The Dow fell 7.94 to 1838.13 on profit taking while broader measures rose. NYSE volume was 109.06 million shares, the lightest since May 19, with a five minute trading gap due to computer problems.
FDIC chairman William Seidman warned that a record up to 160 banks will either fail or require government aid by year end 1986, up from 120 last year. He noted 55 failures or interventions by June 9 and about 1,300 banks on the problem list, reflecting ongoing turmoil in the banking sector.
Narrows Virginia hosts a livestock sale with 300 lambs sold at 81.10 for 90-115 lb vintage, 1509 stock feeder cattle to 67, 75 slaughter cattle with cows 27-38 and bulls 40-47.25, 315-520 cows with calves, baby calves 40-80, feeder calves 54-67 and 45-57 for heifers, and overall revenue 79720.82.
A compact plastic lens camera goes on sale in Japan on July 1. Industry watchers note possible next models may include built in image quality analysis to determine which photos are worth keeping.
May retail sales edged down 0.1 percent to 117.05 billion, the third decline in four months, as strong auto and furniture demand failed to offset weakness elsewhere. Analysts note housing and foreign trade bolster second-half growth while investment plans turn gloomier.
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