Interest Rates and Stock Prices Drive Market Shifts
The piece analyzes how falling rates spurred a stock boom from bank savings, fueling mutual fund growth to 3,712 funds and assets of $2.14 trillion. It questions fiduciary prudence, noting few stocks meet prudent-man standards while yields lag postwar averages, and asks how rising rates may affect new, inexperienced investors.
MENTIONED IN THIS ARTICLE
Investment Company Institute
Sindlinger & Co
U.S
John Wright
Wright Investors Service
Wright
Standard & Poor
Sindlinger
Rise in capital investment could boost 1994 growth
U S businesses plan an 8 percent rise in capital spending this year after a 7.1 percent jump in 1993, to a projected 633 billion dollars for building and equipment. The Commerce Department survey, covering Q1 1994, suggests the largest investment surge since 1989, aiding the ongoing expansion while fueling inflation and rate fears. Separately, initial jobless claims rose 6 thousand to 337 thousand last week, defying expectations of a slight fall.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Labor Department
Lawrence retailers post 1993 sales gain of 15 percent
Lawrence retailers saw 1993 sales rise 15.12 percent to 720.9 million from 626.2 million in 1992, driven by a positive national mood and local activity including a new Wal Mart store and South Iowa Street growth. KU ties highlighted. May and September strongest months due to graduation and student return.
MENTIONED IN THIS ARTICLE
Lawrence
Kansas University Small Business Development Center
Mike O’donnell
SBDC
O’donnell
Wal-Mart
Iowa Street
Union Strikes Hit Trucking Firms Nationwide
Scattered violence on picket lines as up to 75,000 Teamsters drivers dock workers and mechanics strike against major trucking companies. The nationwide walkout, the union’s first since 1979, disrupts deliveries though Lawrence Kansas shows limited local impact with few picket lines and no talks scheduled.
MENTIONED IN THIS ARTICLE
Teamsters
Bill Moore
Kansas
Lawrence
Moore
Adrienne Lallo
Hallmark Cards Inc
Kansas City
Sprint wins U K network approval in direct clash with BT
Sprint, based in Kansas City, received a green light to build a public telephone network in the United Kingdom, aiming to compete with British Telecom. It would be the first foreign company allowed to build such a network, though ground breaking remains uncertain pending licenses for transatlantic cables and other business hurdles.
MENTIONED IN THIS ARTICLE
Sprint
United Kingdom
British Telecom
Kansas City
U.K
Analysts forecast Fed rate boost in May amid market volatility
Analysts expect the Federal Reserve to raise rates again in mid May after two small increases in February and March. They cite market volatility and uncertainty about the economy as reasons to pause briefly to assess the impact of prior hikes before a potentially larger move. Long term rates have risen despite hopes for a drop.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Wall Street
Fed
Bruce Steinberg
Merrill Lynch
Washington Post
Steinberg
Clinton
Local Stocks and Market Update Notice
Local stocks page reminder urges readers to dial 865 5000 for numbers and enter 9100 for local stocks and 6730 for the stock market update with a complete market wrapup promised in Saturday's Journal World.
MENTIONED IN THIS ARTICLE
Journal-World
Local Market and Livestock Prices Across Regions
Midland Elevator lists morning prices for wheat at 3.47, corn 2.70, milo 4.32, and soybeans 6.56 per bushel. Omaha markets report hogs down across several lots with a 42.50 to 43.50 range. cattle and calves and sheep largely absent. St Joseph quotes show varied hogs with multiple weight bands. sow prices range 37.50 to 44.00. Nonferrous metals prices in New York end with copper near 0.92 per lb and gold around 383.90. Dodge City notes slow feedlot sales with limited slaughter steer and heifer activity. weekly totals reach 61,500 head. Rates and contacts provided by Commerce Bank of Kansas City.
MENTIONED IN THIS ARTICLE
Midland
Omaha Livestock Omana, Nes
Usda
Omaha
U.S
Dodge City
Also Mentioned on This Page
Gwyn Mellinger
Journal-Worlh
O Donnell
Kansas Department of Revenue
Philadelphia
Joseph Wiles
Sean Martin
Center
Yellow Freight Systems Inc
Bridgeview, Ill
Curt RS
United Missouri Bancshares Inc
Crosby Kemper Jr
Malcolm M. Aslin
Kemper
Aslin
Central Bank
Cess
AlliedSig
Office Depot
Applebee's
O'Reilly Auto
Payless Cash Buckle Inc
JC Penney
Casey's Wee
Pepsico
CommBancsh
Quaker
Dayton-Hud
Fleming
Sealright
Sears
Goodyear
Hercules
Sthwest Bell
Kmart
TRW
Kroger
Trinova
LabOne
Sarenvente
UtiliCorp
St. Joseph
St. Joseph, Mo
Commoditie
New York
Bullisuay
London
Comex
N.a
Handy & Harman
Mercury
N.Y
Web
Commerce Bank of
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
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