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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Mar 07, 1995
Page
8
Grain futures on the Chicago Board of Trade show wheat and corn activity with Mar Jul Sep and Dec contracts and open interest figures. In Washington, Treasury Department auctions lift short term rates as three month bills average 5.77 percent and six month bills 6.00 percent, both up from prior levels.
Nissan Motor Co, Japan's second largest automaker, will press ahead with cost reductions and staff cuts over three fiscal years to offset a prolonged recession and yen appreciation. Affected are Japanese operations with about 7,000 jobs targeted to drop to 48,000 by early 1996 from 53,000 in 1993. production plants abroad remain unaffected.
Wall Street finished mixed as selective buying and a weaker dollar kept gains modest. The Dow rose 7.95 to 3,997.56 while decliners outpaced advancers about 2 to 1 on the NYSE. Volume reached 301.09 million shares as bonds steadied and analysts weighed dollar impact and possible Fed action. The dollar’s slide boosted overseas exposure for some firms but raised concerns about higher rates. Major upticks came from consumer non cyclical and tech names such as Philip Morris, Advanced Micro Devices, and Texas Instruments. International stocks were mostly flat or down. Public notice: Weichert Realtors in Frederick will host a home buyers seminar on Wednesday March 8 from 7 to 8:30 p.m. at 1065 W. Patrick St.
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