Dow Jones Opens Lower As Index Drops Sharply
The Dow Jones average stood at 9,580.04 at 11 a.m., down 197.89 from this morning's opening. Investors watched a broad retreat across the market as trading continued.
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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Apr 03, 2001
Page
1
The Dow Jones average stood at 9,580.04 at 11 a.m., down 197.89 from this morning's opening. Investors watched a broad retreat across the market as trading continued.
Outside Tonight mostly cloudy with a chance for thunderstorms north and east. Wednesday becomes partly sunny with a chance for thunderstorms east. Highs 70 to 80. Wednesday night partly cloudy with a chance for thunderstorms north east and southwest. Lows from the lower 40s northwest to the lower 60s southeast.
Finney County Commissioners postponed endorsing tax break incentives for ConAgra Beef executives since the item was not on Monday's agenda. They will discuss it next Monday with public comment. Karen Livingston urged caution, warning incentives could invite rival bids from Tyson Seaboard or IBP.
Alan Fankhauser, commission chairman, said the incentive package targets ConAgra only, not other firms. A December fire damaged one third of the ConAgra plant, prompting discussions cited in the article.
Finney County Commissioners unanimously rejected KDOT’s offer to cap city and county expenses at 225000 for a U S 50 400 study from Garden City to Mullinville. Local share would be 200000 of a 1 3 million project.
Voters in Garden City and Holcomb report light participation in the general election with several wards seeing sparse turnout. In Holcomb USD 363 and city council seats are on the ballot while Garden City lists three city commission and four school board seats. An error at Georgia Matthews Elementary briefly misprinted the USD 457 term ballot instructions, prompting corrections by Clerk Carol Brown and election judges.
IBP Inc files suit in Delaware Chancery to force Tyson Foods to honor a merger agreement to buy the beef packing business for 3.2 billion dollars. Tyson spokesman declines comment while IBP signals aim to settle the dispute expeditiously.
The Telegram provides local news, sports and editorials on its internet site at www.gctelegram.com. It notes access to local updates and features beyond the print edition, inviting readers to visit for current coverage.
Topeka AG Carla Stovall will return to the U S Supreme Court to press Kansas standards for detaining sexually violent predators after prison. The case asks whether states must prove incapacity to control dangerous behavior or simply that the person is dangerous and seriously mentally ill. Crane, convicted twice of sex offenses, is the defendant in the case awaiting the court’s fall review.
In western Kansas, sparse rains and high pump costs left fields underperforming. Hempers, Stevens County farmers, and others face drought, late dormancy break, and decisions to replant or switch to sorghum or sunflowers as Kansas reports mixed wheat conditions and slow jointing.
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