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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 27, 1986
Page
3
New York stock quotations show mixed movement among blue chips with Coca Cola, McDonalds, Disney, DuPont, and IBM among widely traded issues. Several firms post fractional gains while others slip, reflecting cautious trading as investors weigh earnings and economic signals.
The Dow falls 4.85 points to 1,880.20 as NYSE volume slows to 134.07 million shares. The S&P 400 loses 0.18 to 277.71 and the S&P 500 declines 0.19 to 248.74 while the NASDAQ composite climbs 0.65 to a record 402.87 amid talk of takeovers and other major transactions. The Amex market value index closes down 1.34 at 283.85.
A federal grand jury indicted Shearson Lehman Bros Inc and seven individuals including Joseph Mastronardo Jr in a gambling and money laundering scheme spanning 1982 to 1985. The operation allegedly earned about 1.2 million dollars yearly with 1 million weekly gross receipts, directing profits to Cantley who laundered cash into negotiable instruments.
Trading data reveals mixed movement with prices around 347.50 to 383.30 and a late surge pushing totals higher. Wed sales reach 17,000 while open interest climbs to 117,175, up 549.
Narrows Livestock Market in Narrows Virginia reported June 21 sales totaling 72 992 87 dollars. Lambs three figures show 96 sold with feeders at 64 75 and choice and prime at 90 115 pounds 72. Slaughter ewes brought 15 to 23 50. Slaughter cattle 70 sold with cows 28 75 to 36 75 bulls 38 to 48 25. Stock feeder cattle 150 sold steer calves 300 500 pounds 50 to 60 heifer calves 300 500 pounds 40 to 54 baby calves 25 to 75 cows with elves 300 to 455.
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