Dow tops 4000 as stock market hits milestone
The Dow Jones Industrial Average reaches 4000 for the first time on Thursday with an NYSE close of 4003.33, amid mixed reactions. Traders express hope and caution while noting the milestone’s psychological value and limited predictive power for future gains.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Dow
United States
Robert Sobel
Hofstra University
New York
Clinton
Newt Gingrich
Elyria man builds H M Concrete from humble start
Elyria entrepreneur Joe Harris and partner Tom Moats launched H M Concrete on June 5 1992 after Harris sold his car to fund the venture. The company posted 71000 in first year sales and grew to 230000 by year end. Premier Bank & Trust later financed with 259000 in loans. Harris aims for 1.7 million this year as the minority business expands into municipal and private contracts with 26 fulltime staff and a five man masonry crew.
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Elyria
Joe Harris
Tom Moats
Harris
H&m Concrete
Wadell Simmons
Premier Bank & Trust
H&m
Harris and Moats
Premier
Lorain County
Convenient Food Mart
Grafton Road
Simmons
Moats
$450 Million North Star Steel Mill Planned for Delta Ohio
North Star Steel Co and BHP Steel of Australia announce a $450 million steel mill in Delta Ohio to employ 350 people. The plant, a joint venture named North Star BHP Steel LLC, will use an electric furnace to convert scrap into molten steel for the auto industry, with production aimed for October 1996. The 515 acre site near the Ohio Turnpike interchange at Delta prompted the interchange approval by the Ohio Turnpike Commission.
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Delta, Ohio
North Star Steel Co
BHP Steel of Australia
North Star
Ohio Turnpike Commission
Delta
Toledo
Turnpike Commission
Umberto Fedeli
Commission
Ohio 106
New York Metals Closing Prices Report
AP reports COMEX gold at 37950 per troy ounce and silver at 4803 per ounce. Merc platinum 478.80 per ounce and palladium 45765 per ounce. Spot nonferrous metals include aluminum at 832 cents per pound and copper 13330 cents per pound. Lead 42 cents per pound, zinc 54-57 cents, tin 37315 per pound, mercury 235 per 76 pound flask.
MENTIONED IN THIS ARTICLE
New York
Comex
Lorain nightclub to get a new look and manager
A Lorain east side club Riverbend Sports and Lei sure Lounge at 1039 Bridge Drive will be remodeled and its dance floor expanded to over 3,000 square feet. Owner Nez Yingling announced on Wednesday that John Noles of Noles Enterprises will operate the club beginning that day.
MENTIONED IN THIS ARTICLE
Lorain
Riverbend Sports and Leisure
Bridge Drive
Nez Yingling
Yingling
John Noles
Noles
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