Rebounding dollar lifts stocks from slump in New York
Stocks rose from a three session skid as the dollar strengthened and bond markets buoyed sentiment. The Dow gained 16.80 to 3724.77 while volume reached 251.03 million shares but late selling trimmed most gains. Greenspan warned currency moves require monitoring though growth outlook remained bright.
MENTIONED IN THIS ARTICLE
NEW York
Wall Street
New York Stock Exchange
Lysts
Dow
Federal Reserve Board
Alan Greenspan
Congress
Fed
Greenspan
House Budget Committee
Treasury
Three Major Firms Build Justice Crosstie Mill Tieing West Virginia Growth
Gilbert based International Lumber Co Pocahontas Land Corp and Norfolk Southern joined to develop a Justice Mingo County sawmill producing railroad cross ties. The plant employs 22 locals plus 30 logging jobs, with 3 million dollars invested and 56 percent of lumber from Pocahontas holdings. NS plans to buy at least 15 percent of annual cross ties from the mill.
MENTIONED IN THIS ARTICLE
Ron Campbell
AM. Family Corp
Ameritech
At&t Corp
AM. Water Works
Anheuser-Busch
Apple Computer
Land Coal Inc
Ashland Oil Inc
Atlantic Richfield
Baker-Hughes Inc
Baltimore Gas & EL
Bearings Inc
Bell Atlantic
Bellsouth Corp
Bethlehem Steel
Chevron Corp
Chrysler Corp
Chubb Corp
Citizens Utilities
Coca-Cola CO
UMBIA
Columbia Healthcare
CON
Nat'l Gas
INC
Crestar Financial
CSX Corp
Detroit Edison
Dominion Res
Chemical
Eastman Kodak
Emerson Electric
Ethyl Corp
Exxon Corp
First Union Corp
Virginia Bank
Flowers Industries
FMC P
Food Lion Inc
Ford Motor CO
GEN. Electric CO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Humana Corp
18M Corp
Persoll-Rand
JOY Technologies
K-Mart Corp
Kroger CO
Lowe's CO
Mapco Inc
McDonald's Corp
Mnci Communications
Merck & CO. Inc
Mobil Corp
Monsanto CO
MYLAN
Nash Finch CO
Navistar Intl
Norfolk Southern
Occidental Pete
ONE Valley Bank
Pacific Telesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris Cos
Phillips Petroleum
Neete— Ee Goratase
PO Elec
PWR
Praxair, Inc
Premier Bankshares
Pulask
Reebok Intl
Reynolds Metals
Rite Aid Corp
RJR
Nabisco Hldg
Rockwell Intl
Sara Lee Corp
Sears Roebuck
Sherwin Williams
Shoney’s Inc
Signet Banking
Southern CO
Tenneco Inc
Texaco Inc
Union Carbide
Union Pacific
Unisys Corp
Universal Corp
Marathon Oil
USX
U.S Steel
Wal-Mart
WAL Co
Wendy's Intl
Westinghouse EL
Westmoreland Coal
Westwaco Corp
Xerox Corp
DOW Jones
Gilbert
International Lumber Co
Bluefield
International Lumber
Pocahontas Land
Mingo
McDowell
Wyoming
Rick Harris
Justice
Corley Manuacturing Co
Bob Raines
Pocahontas
Raines
James H
Buck" Harless
International Industries
Justice Plant
Cabin Creek
Kanawha County
Koopers Industries
Salem
May manufacturing activity grows in Fifth District
The Federal Reserve Bank of Richmond report shows 149 Maryland to West Virginia manufacturers saying shipments orders and the average work week rose in May. Backlogs and employment grew slightly with expectations for continued shipment and work week gains over six months, while finished goods inventories held steady then were seen to fall. Raw material costs rose more than finished goods but less than the national average, with April’s pace not matched.
MENTIONED IN THIS ARTICLE
Federal Reserve District
Federal Reserve Bank of Richmond
Maryland
North Carolina
South Carolina
Virginia
West Virginia
U.S
Also Mentioned on This Page
Sears
Sy — Aue
Olmely Tos
Sears Best
Ebi
Hades
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