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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 04, 1996

Page

13

Treasury rates rise in short term bills and one year yields edge higher

The Treasury auctioned 14.6 billion in three month bills at 5.09 percent and 14.7 billion in six month bills at 5.21 percent discount rates. The one year bill yield rose to 5.70 percent from 5.59. Avis said suitor discussions occurred but declined to identify a buyer and details.

Treasury Treasury Department

New sheep wool checkoff referendum planned by Oct 1

The American Sheep Industry Association will hold a new sheep industry checkoff referendum by October 1 after the February 6 vote was invalidated in May. Secretary Dan Glickman said the law and rules are sound but administration inconsistencies were noted. The plan aims to replace funding lost with the 1995 National Wool Act phaseout and would levy 1 cent per pound on lamb and 2 cents per pound on grease wool.

American Sheep Industry Association U.S Dan Glickman

Mud slows planting across Iowa counties

Iowa farmers beg for dry days and warmth as wet weather holds up spring plantings. The Iowa Crops & Weather report shows rainfall averaging 1.58 inches, May the wettest since 1959, with temps from 40s to 80s. Corn 96 percent planted, soybeans 58 percent. east central 92 percent corn, 34 percent soybeans. southeast 85 percent corn, 27 percent soybeans. Rain remains the main limiter. hay harvest 1 percent complete with most moisture surplus.

Marlene Lucas Gazette Rural Affairs Iowa Iowa Crops & Weather Report May Decorah Fayette and Leon Burlington Linn Johnson al Schminke van Horne

Builders ramp up spending as housing gains shield April rise

U S construction outlays rose 1.4 percent in April to a 551.7 billion annual rate, led by residential building up 1.4 percent with single family homes at 155.7 billion. Apartment spending jumped 7.2 percent while non-residential rose 2.1 percent, paced by hotels and motels up 7.2 percent and office buildings up 63 percent.

Washington Commerce Department

Airlines raise jet fuel surcharge amid rising costs

American Airlines Cargo imposes a 4.3 percent fuel surcharge on U S domestic cargo and priority parcel charges beginning July 1. Hawaiian Airlines Mahalo Air and Aloha Airlines had earlier raised interisland fares by 2 dollars to cover higher fuel costs.

New York American Airlines Cargo U.S Hawaiian Airlines Mahalo Air Aloha Airlines American Airlines Tim Smith Mark Najarian William Berman American Automobile Association Continental United States Hawaii Puerto Rico U.S. Virgin Islands

US farm exports seen hitting record 60 billion by year end

Exports to Mexico drive a projected 60 billion in 1996 farm sales, a 10 percent rise from 1995. Mexico shipments may reach 4.4 billion, a new high, with corn wheat soybeans and cotton leading gains. Japan purchases rise to a record 12 billion, while Asia and Europe boost coarse grains and wheat exports.

Mexico U.S Washington Agriculture Department China South Korea USDA Southeast Asia Department Japan European Union

Stocks fall as auto demand fuels inflation fears

The Dow Jones tumbled 18.47 to 5,624.71 as bonds rose then eased after a May report showing car demand strength. Chrysler's May sales up 20 percent and truck sales up 16 percent spurred inflation worries while overall manufacturing weakened, keeping the market volatile.

NEW York New York Stock Exchange United Fire and Casualty Rockwell Chrysler

Also Mentioned on This Page

Avis Carpenter Avis Inc HFS Inc Demetria Mudar Parsippany N.J Days Inn Howard Johnson HFS Century 21 Electronic Realty Associates Ford Ford Motor Co Francine Romine Bortom Nnet Darling Iowa Agricultural Statistics Ssurpus Gazette Graphic Vavid Construction Interisland de Industrial Hanson Ads Ible BarNetwks American Stock Exchange ivaxCe Imatra Intel S DOW Jones Rea Indus Standard & Poor's Indus Transet Telecom En Iites Wilshire Wilshire Associates Associated Press Rideyv Nautica ALISO Clancy's Ltd Ilen's AP Business KCRG the Gazette Ieke Apy United Security Savings Bank F.S.B Fulgerwood Rd Cedar Rapids Marion Blvd Marion
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