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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Feb 06, 1988
Page
5
Grain futures update shows Wheat Corn Oats and Soybeans with bid ask and percentage changes for March May July September and December deliveries. Includes sales and open interest figures and notes on cattle, dairy, and hay auctions plus a February 1988 business forum ahead.
U S job market shows 5.8 percent civilian unemployment, 7.0 million jobless, and 385,000 gain in civilian employment. Payroll growth slides to 105,000, the smallest since 1986, while retail adds 155,000 amid mixed signals on economy’s strength.
Washington officials say an agreement is near to boost World Bank capital by about 80 percent to 171 billion dollars enabling annual lending of 20 billion dollars to more than 400 developing nations. The United States may contribute about 80 million dollars a year for five years, with a tentative Feb 16 board meeting to decide.
On Friday February 5 1988 the Dow Jones Industrial Average closed at 1910.48 down 13.09 points. NYSE reported 162 569 400 shares traded and New York gold stood at 443.10. Over the counter quotations provided by Baker Waits Co Frederick office 662 6488 with no trading.
New York markets extended a sluggish session despite lower rates. The Dow fell 13.09 to 1910.48 as volume slipped to 161.41 million shares. NYSE composites dipped, S and P indexes mixed, and NASDAQ rose modestly amid thin turnover.
Ferris & Co Inc will consolidate its Western Region and close its Frederick Maryland office on Feb 15 located at 17 S Market St. Brokers will be reassigned to nearby Ferris branches and clients will not be affected. The firm, headquartered in Washington DC, says it will maintain personal service to investors.
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