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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 19, 1987
Page
9
Dow Jones Industrials fall 13.86 points to 2258.665 as NYSE volume reaches 175.306 million shares. London gold rises to 473.25 dollars per ounce. Over the counter trading shows no activity. Quotations provided by Baker Watts and Co Frederick office 662-6488.
Washington AP reports U S factories mines and utilities operated at 78.9 percent capacity in April the weakest in over three years. The Fed noted a 0.4 point April decline following a 0.3 point March drop. Economists warn of stagflation risks amid rising rates and tighter credit. Banks raised prime to 8 25 percent as talk of Fed rate hikes grows causing stock losses.
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