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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
United Fire and Casualty
Rockwell
Chrysler
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