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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 17, 1992
Page
5
Listing of closing market prices with quotations provided by Ron Campbell Investment Planning and Robert Thomas Securities Inc NASD SIPC contact details given for investor inquiries.
The dollar fell against most major currencies in Europe on Tuesday while gold prices declined. In Tokyo the dollar closed at 127 yen, later London quoted 126.60 yen, and New York midmorning showed 126.57 yen. The pound rose to $1.8605 in London and $1.8637 in New York. Gold edged lower to $342.59 in London and $342.05 in Zurich, with various European rates also easing.
The Commerce Department reports the U.S. current account deficit at 5.3 billion dollars for the first three months, a 26.5 percent improvement from the prior quarter. The gain reflects lower oil prices, more foreign tourism spending in the United States, and stronger overseas earnings for U.S. banks. Separately, May housing starts rose 11 percent, recovering part of April’s 17.3 percent drop, while industrial output climbed 0.6 percent in May.
On Tuesday the Dow fell 7.76 to 3347.14 as NYSE volume reached 119.69 million shares. The NYSE composite slipped 0.11 to 225.51 while the AMEX market value index declined 1.06 to 387.72. Housing starts rose 11 percent in May but building permits fell 0.7 percent, signaling uneven economic progress.
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