Dow Jones Dips 80 Points At 11 A.M.
At 11 a.m. the Dow Jones average stood at 10,817.60, down 80.06 from this morning's opening as traders weighed early market results and economic signals.
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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
May 02, 2001
Page
1
At 11 a.m. the Dow Jones average stood at 10,817.60, down 80.06 from this morning's opening as traders weighed early market results and economic signals.
A cooler day with mostly cloudy and windy conditions across the west. Patchy light rain possible in the northwest, with partly sunny conditions in the central and eastern zones. Central and northeast faces may see thunderstorms. Tonight rain is likely in the west with thunderstorms likely in the east. Lows range from the mid 30s in the northwest to the lower 60s in the southeast. Thursday brings more rain chances in the west.
The Telegram announces its Internet site www.gctelegram.com offering local news, sports and editorials for readers seeking online access to the paper’s content.
ConAgra Beef Co plans Friday talks in Omaha to review damage estimates after a December 25 fire destroyed about a third of the Garden City plant. Gary Acromite says engineers will classify salvageable equipment and assess structural damage, with ongoing activity and no timeline. The company previously donated 25,000 to United Way of Finney County.
Kansas school boards pushed budget cuts amid doubt about state funding. Across the state districts reduced staff by one to two positions, with Melvern Osage County cutting 2.5 positions to save about $65,000. Statehouse debates focused on a roughly $60 million education package and potential ties to social services.
Excel's Dodge City beef plant employees petitioned for an election to decide if United Food and Commercial Workers Local 340 remains their bargaining unit. Leonel Rios filed with the NLRB. the petition gained 30 percent support while two charges against the union and plant management are under agency investigation.
USD 457 financial officer Kathleen Whitley says the district’s internal review flagged irregular expenditures, leading to an investigation of a former employee for alleged embezzlement of 4820 dollars. The system allowed pinpointing noncompliance across buildings, departments, and grant funds.
Kansas farmers saw average net income drop 7.7 percent to 39,197 in 2000 from 42,488 the previous year, amid drought and rising energy costs. Government payments averaged 45,614 per farm, roughly 116 percent of income, helping many farms break even. Farm economist Marty Albright notes the trend, with long term reliance on federal support.
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