Bank official warns RICO reform could curb small business lending
Harrison of First Community Bancshares testifies to a Senate panel on how RICO reform may affect financial institutions. He argues fear of RICO claims could deter community banks from extending credit, threatening the future of small business funding. The report also notes rising popularity of lender buy-down mortgages where initial rates are lowered before moving to a fixed rate.
MENTIONED IN THIS ARTICLE
James Harrison
First Community Bancshares
Senate
American Bankers Association
Harrison
Livestock Sale Report From Alderson Market June 9
A total of 209 head of livestock were sold at Alderson Livestock Market on June 9, bringing in 44 835 98 dollars. Stockers and feeders include heifers and steers across choice good medium and common grades with prices ranging from 61 50 to 98. Bulls hogs sows boars and cows plus cows and calves and goats are listed with per hundredweight or per head values. Cows and calves sold from 410 to 785 while goats ranged from 15 to 37 per head.
MENTIONED IN THIS ARTICLE
Alderson Livestock Market
B.h
Winter wheat harvest slips to 11-year low in US
Washington AP reports the winter wheat crop is pegged at 1.41 billion bushels, down 10 percent from last year and 2 percent below the May forecast. Based on June 1 surveys the average yield is 34.5 bushels per acre, below May’s 34.9 and last year’s 39.2, with July 12 set for the next estimate.
MENTIONED IN THIS ARTICLE
Virginia
Bristol
Virginia Department of Transportation
Bonham Road
Bristol Highway
Bland
Buchanan
Dickenson
Grayson, Lee, Russell, Scott, Smyth
Tazewell
Washington, Wise and Wythe
Norton
Washington
Agriculture Department
Dow Jones Rises 5.42 Points In Mixed Monday Trade
The Dow edged into positive territory after an afternoon recovery in blue chip stocks finishing up 5.42 at 2518.84. Analysts cite profit-taking after a recent advance but remain optimistic as investors await signs of sustained lower rates. NYSE volume 151.46 million shares.
MENTIONED IN THIS ARTICLE
New York
Bensarage
Dow Jones
Dow
Wall Street
Eugene Peroni
Janney Montgomery Scott Inc
Peroni
New York Stock Exchange
NYSE
American Stock Exchange
Also Mentioned on This Page
IBM
Kmart
Kroger
Alcoa
McDerl
Acyan
Merck
Ye At&t
Ye Mobil
AdRich
BellSo
Nynex
PacEnt
Chrysir
PacTel
Citicorp
Pennzol
duPont
Reyid
SwBell
Tenaco
GenEl
GPU
Ucarb
Gensco
Gillete
William
Wheat First Securities, Inc
I AmErPwr
ComRes
Grumman
Mohasco
Saralee
Clorox
Genetech
McDowals
Pittston
Warm Limbrt
Carop&e
Ga Pacific
Mfsgitr
Wstman
CostalComp
Gerb Sc
Marion Labs
Quak Sto
Wstnghse
Co. Gas
Grace Wi
MesaLp
RJR Nabisco
Whittaker
Crane
Mea
Ofshr
Reebok
Cyprus Min
GTE
MesaRoy
Rockwell
Valero
NEW York (Ap
Wheat First Securities Inc
Ask
Apple Computer
Bassett Furniture
Burke Parsons Bowlby
Cadmus Communications
Dominion Bankshares
First Fed S&l SC
Figgle Intl
Fingermatrix Inc
First Carolina Inc
Financial Corp
Key Centurion
Ladd Furniture
MCI Communications
Nash-Finch Co
Nat’! Banc of Commerce
Noland Corp
One Valley Bancorp
Presidential Airways
Premier Bankshares
Pulaski Furniture
Leskie Pinson
Business
Bassett
Bench Craft
Jones Furniture Gallery
Bluefield
Bishop
Grassy Spur
Stony Ridge
Church House Hollow
Crocketts Cove
Company Store
Radio Street
Grundy
Pv de
Pineville
Princeton
Welch
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