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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jun 02, 1993
Page
17
Dow Jones Industrial at 3552.34 up 24.91 with volume 231.5 million shares. New York Gold at 377.35. US government notes 11 percent, 5 year wash? Gs 40 percent uncigd. NASDAQ quotation courtesy Ferns Baker Watts Inc.
New York markets rose as investors priced in lower interest rates and positive economic news. The Dow jumped over 40 points briefly hitting a record before closing up 24.91 points at 3,552.34. Volume reached 231.50 million on the NYSE with advancers ahead of decliners by about 12 to 7.
The US dollar closed at 107.00 yen, a fresh record low, after briefly dipping below 107 in Tokyo. Stocks moved higher with the Nikkei 225 index up 49.06 points to 20,591.41 as price gains narrowed the daily loss. Local traders noted continued yen strength concerns and currency volatility amid global market shifts.
A commercial auction will sell Festival of Frederick Shopping Center on Prospect Boulevard at 10 30 am on Wednesday June 23. The event, anchored by Weis, covers about 90 150 square feet on nearly 14 acres and is conducted by Michael Fox Auctioneers of Baltimore. Also 10 commercial condominiums at 5744 Industry Lane go to sale at noon Tuesday June 15 at the same location. Contact Michael Fox Auctioneers at 410 653 4000 for details.
Chicago Board of Trade futures show wheat and corn bids drifting with Jul Sep and Dec contracts quoted. Treasury auctions push three and six month bills to five month highs, while MWQFA bonds gain AA rating and Taneytown Bank posts Q1 earnings of 530259 dollars.
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