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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 26, 1999

Page

5

Quiet Dow session ends with mixed gains in 1999 year

U S markets closed a calm trading day with the Dow up 17.73 to 10552.56 while the week fell 303 points as worries over rates and profits lingered. Nasdaq and S&P paused with modest declines. AOL dropped after a Merrill Lynch note. Juniper Networks priced at 34, closed at 98 9/16, up 19 1/2 percent. Alcoa rose after a higher target amid stronger aluminum prices. Fed meeting looms with rate hike expected, tempering enthusiasm this weekend.

RON Campbell Investment Planning Raymond James Financial Services Abbott Labs Allegheny Electric AFLAC Ameritech At&t Corp AM. Water Works Anheuser-Busch Apple Computer IND. Tech Ashland Coal Inc Ashland Oil Inc Atlantic Richfield Baker-Hughes Inc Baltimore Gas & EL Bankamerica Bell Atlantic Bellsouth Corp Bethlehem Steel Boeing CO CBS Corp Cabot Oil & Gas Carolina Powers Chevron Corp Chubb Corp Citizens Utilities Coca-Cola CO. Cen O Columbia Gas Sys Columbia Healthcare CON Nat'l Gas Corning Inc Suntrust Banks CSX Corp CVS Corp Daimlerchrysler AG Detroit Edison Dominion Res DOW Chemical Dupont Eastern Ent Eastman Kodak Emerson Electric Ethyl Corp Exxon Corp First Union Corp 1St Virginia Bank Flowers Industries FMC Corp Food Lion Inc Ford Motor CO GEN. Electric CO GEN. Motors Corp GTE Georgia Pacific Gillette GLAXO Goodyear Tire Hercules Inc Humana Corp IBM Corp Ingersoll-Rand Intel Corporation K-Mart Corp Kroger CO Lowe's Cos Lucent Technologies McDonald's Corp Merck & CO. Inc Microsoft Corp Mobil Corp Monsanto CO Mylan Labs, Inc Nash Finch CO Navistar Int'l Nike, Inc Norfolk Southern Occidental Pete ONE Valley Bank J.C. Penney CO Pennzoil CO Pepsico Inc Phila. Electric Philip Morris Cos Rite Aid Corp RJ Reynolds Rockwell Int'l Sara Lee Corp Sears Roebuck Sherwin Williams Shoney's Inc Southern CO Tenneco Inc Texaco Inc TRI Continental Union Carbide Union Pacific Unisys Corp Westwaco Corp Williams Cos Valley Nut'l Gases Xerox Corp DOW Jones New York Standard & Poor AOL Juniper Networks Inc Federal Reserve Cecil Treasury Alcoa Dow Merrill Lynch IBM J.P. Morgan Lockheed Martin

Interest rates still expected to rise

The economy grew 4.3 percent in early year aided by strong consumer spending. Economists expect growth to cool but not enough to stop the Federal Reserve from raising short term rates to curb inflation. Major analysts foresee possible rate increases in mid year and another in August if growth remains solid.

Washington Federal Reserve Commerce Department Fed First Union David Orr Orr Mark Zandi Regional Financial Associates

West Virginia's largest strip mine loses blanket permit

Environmentalists urge dismissal of two federal complaints after the U S Army Corps of Engineers withdraws Arch Coal's nationwide permit for the Spruce No 1 mine in Boone County. The company must pursue an individual permit and environmental impact statement, a process that could take up to two years. The move marks the first time the corps has demanded an individual permit for a mountaintop removal project under the Clean Water Act.

Charleston U.S. Army Corps of Engineers Arch Coal Inc Boone County Arch West Virginia Highlands Conservancy U.S. District Charles Haden Conservancy Corps Hobet Mining Inc

West Virginia Lottery profits rise on strong video play

West Virginia lottery revenue for 11 months ending May 31 rose to 128.5 million from 101.7 million a year earlier, a 26 percent gain, with video lottery at the four race tracks delivering 18.4 million in May up from 14.3 million last May. Online and instant games showed mixed results as on-line sales dropped from 17.8 million in May 1998 to 6.7 million.

Charleston West Virginia State Lottery Commission Mountaineer Racetrack Chester Charles Town Virgil Helton Helton

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