Market Rally Follows Prime Rate Cut Amid Grain Outlook
The stock market rose with the Dow up 10.17 to 922.57 and volume at 25.39 million as Morgan Guaranty cut its prime rate to 6.2 percent. Analysts linked the rally to easing rates and hopes for lower inflation and rising grain supplies, noting favorable prospects for a bumper world crop. Corporate leaders like IBM and Kodak posted gains while most major groups advanced. bullion issues lagged.
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New York Stock Exchange
Morgan Guaranty Just
Agriculture Department
IBM
Burroughs Rose
Xerox
Eastman Kodak
Mid Missouri Forecast Delivers Warm, Clear to Partly Cloudy Conditions
Central Missourians can expect clear to partly cloudy skies tonight with a low in the mid 60s. Thursday brings partly cloudy, warm weather with a 20 percent chance of thunderstorms and a high in the mid to upper 80s.
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Central
Missouri Heat, Haze Persist As Thirsty Week Forecast
In Kansas City area inverted temperatures created hazy skies as forecasters warned Missouri would stay hot and muggy. Some thunderstorms were possible today in the south with more on Thursday and chances of showers through Friday to Sunday as a stationary front traps warm air south and cooler air north.
MENTIONED IN THIS ARTICLE
Kansas City
Missouri
Jefferson City Weather Snapshot and River Levels
Jefferson City readings show yesterday’s high at 102 degrees, overnight low 61, with rainfall of .04 inches in the last 24 hours ending at noon. Month-to-date total 2.71 inches, year-to-date 16.50. Sun sets 8:33, sunrise 5:44. rivers show Jefferson City at 8.7 feet, up 0.1, with other gauges steady or down modestly.
Weather outlook with warm temps and possible showers
The extended Missouri outlook for Friday through Sunday calls for partly cloudy and very warm conditions. Highs will reach the upper 80s to mid 90s with overnight lows in the upper 60s to lower 70s and a chance of showers and thundershowers during the period.
MENTIONED IN THIS ARTICLE
Missouri
Trapped officer dies in Arnold patrol car blaze
Police say Steven Arthur Jarvis 28 died after his patrol car was rear ended by a tractor trailer on Interstate 55 near Meramec River. The car burst into flames trapping him. He leaves two children and had served about 18 months. Another Arnold officer John LeCompte died last November in a burglary case. Local college news notes elected officers and a degree award at University of Northern Colorado.
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Steven Arthur Jarvis
Meramec River
Jarvis
John LeCompte
Lindy’s Recreated Flight Tour Launches From LaGuardia
The City of St. Louis funds a second Lindbergh tour after the first re enactment. Mayor James Coleman will ride in a replica Spirit of St. Louis for the first leg as the cross country 1927 barnstorming voyage resumes from LaGuardia Marine Air Terminal at 10 30 a m.
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Man Convicted In Death Of Youth He Hired To Steal
A Salem man Alonzo Light, 57, was convicted of manslaughter for hiring Robert Bradshaw, 18, who was electrocuted July 5, 1976 while stealing copper wire from a power pole near Mountain View. Light received a three year sentence and may appeal while free on $10,000 bond. The trial occurred in Texas County Circuit Court after a venue change from Howell County.
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Salem
Alonzo Light
Robert W. Bradshaw
Mountain View
Texas County
Weldon W. Moore
Howell County
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