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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 30, 1992
Page
5
The Dow Jones average rose 37.45 points to 3,319.86 as investors expected possible Fed credit loosening. Advancers led decliners 2 to 1 on the NYSE with 1,222 up, 562 down, and volume around 176.7 million shares as the Fed Open Market Committee nears its meeting.
Washington reports May new home sales declined 5.6 percent to a 501000 annual rate, the lowest since September. The West led the drop at 34.4 percent, with Midwest down and Northeast and South up. Analysts cite housing as no longer leading the economic rebound.
California Florida New Jersey face unresolved budgets as social program costs rise and natural disasters strain funds. Republican Pete Wilson seeks a 15 percent 6 billion cut to a 56 billion plan while California Democrats push tax hikes and two year deficit spread. Florida cites a 254 million shortfall under recession and growth pressures with Chiles vetoing a no tax plan.
Norfolk Southern, with 3M Diamond Grade sheeting, runs a year long study on four Southern trains to measure retroreflective tape effectiveness at grade crossings from Sheffield Alabama to Wansley Georgia. VNTSC monitors, then compares accident data to prior years. Premier Bankshares declares 11 cent per share dividend payable August 1 for record holders July 15.
At Bluegrass Market Lewisburg on June 20 a total of 298 head sold for 70168.46 dollars with varied prices for steers, heifers, calves, cows, bulls, hogs, sheep and goats. Narrows Livestock Auction Market reported 88286.17 dollars on June 20 with hogs, lambs, cattle, stockers and goats sold. July 4 sale closed. Tazewell Farmers Livestock Market to hold stock ewe and ram sale July 1 starting 6 pm with sheep weighed and penned. further details via contact.
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