Dow slips as yields rise amid mixed Monday trading
Stocks were mixed as the Dow fell 9.24 points to 5687.87 while bond yields climbed to 7.1 percent on the 30 year Treasury. Analysts noted ongoing rate pressure, but some investors remained hopeful about earnings strength and inflation data due later in the week. Westinghouse boosted the Dow by 7/8 as it signaled a potential split of its conglomerate.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Dow
A. Marshall Acuff Jr
Smith Barney
Treasury
Bridsy
Thursty
Federal Reserve
New York Stock Exchange
NYSE
Standard & Poor
American Stock Exchange
Westinghouse Electric
J.P. Morgan
DuPont
United Technologies
Mr. Acuff
Tokyo
Frankfurt
London
Exxon Wins 250 Million Oil Spill Insurance Verdict
A Houston jury ordered Lloyd’s of London and about 256 underwriters to pay Exxon Corp 250 million dollars to reimburse cleanup costs from the 1989 Exxon Valdez spill in Prince William Sound Alaska. Exxon argued it paid 210 million in premiums and seeks recovery of about 2.5 billion spent on cleanup.
MENTIONED IN THIS ARTICLE
Houston
Lloyd’s of London
Exxon Corp
Exxon
Exxon Shipping Co
Shi
Joseph Hazelwood
Hazelwood
T-bills rise to highest yields since 1995
Washington AP Treasury auctions priced three month bills at 5.16 percent and six month bills at 5.34 percent, both up from the prior week. The three month rate marked the highest since 5.30 percent on December 11, 1995, and the six month rate the highest since 5.38 percent on October 2, 1995.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Noland reports May sales up 3.3 percent at $43.8 million
Noland sales for May reach 43.8 million, up 3.3 percent from May 1995. For January through May 1996, total sales amount to 190.5 million. Uni-Marts declares a 3 cent per share dividend payable July 17 to stockholders of record June 26.
MENTIONED IN THIS ARTICLE
Noland Co
Uni-Marts
Country Frills Relocates To Downtown Frederick Shop
Country Frills owned by Lance and Leesa King moves from Mount Airy to 148 Market St Frederick opening a crafts shop with 27 local artists. The store offers ceramics, dolls, wood furnishings, gourmet foods, cards and more and operates Tue–Sat 10 am to 6 pm and Sun noon to 5 pm. Call 631-1889. AVEMCO Corp Frederick sells National Assurance Underwriters Inc to a large insurer and creates National Aviation Underwriters with a $2.2 million after tax gain.
MENTIONED IN THIS ARTICLE
Mount Airy
Frederick
Country Frills
Lance
Leesa King
Market St
Mrs. King
Avemco Corp
Avemco
National Assurance Underwriters Inc
National Aviation Underwriters
Also Mentioned on This Page
Chicago
Chicago Board of Trade
Dow Jones Industrial
BroWhittaker
Citizens Bank
CSX Corp
Coca Cola
Comsat
Crestar
IBM
Te Kmart
Life Tech
Lockheed
Marriott
Mercantile Bokshi
Ferris, Baker Waits Inc
Noland Sales
ARK Family
First
Maryland
ARK Funds
Ed Waters Jr
Lance King
Leesa
Seusd
Frederck News-Post
D.U.S
D.U.L
Pennsylvannia
West Virginia
Arthur W. Boyce
West
Patrick Street
Prachang
Meow PA
Chamber of Commerce of
Frederick County
Ariel Scarborough Compu
City Club
Sadrereher Gov
Sem
Farm Family
Had
Karen Sowers
Progrun
George E
BusiNess Card Exchange
Z Ce
Addee
Eer
Jay McRoberts II
Dds
Evergreen Square
Rt. 85
Buckeystown Pike
DDS General Dentistry
Frederick Nes
Fradenck News
Ost
Scottsdale Securities Inc
AP Business
Scothdale
OI & Gas
Scottsdale Securities, Inc
Uote. Gayore Peas
Pele
AMC Ey
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