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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 02, 2005
Page
5
Local market brief notes stock movements and quotes with a tease directing readers to www.jworld.com/section/business for the latest stock quotes. The fragment mentions a local interest stock but lacks complete details or figures.
Kansas leads a nine state region in July with a 57.7 employment and production index, driven by aviation related output and longer work hours at transportation equipment makers. Nationwide, the Institute for Supply Management reported a 56.6 index in July, up from June, as auto sales and production strengthened. Ernie Goss predicts the Fed will raise rates 0.25 percent Aug. 9 and likely again in September, citing growth momentum and a looming rate hike.
Washington Post columnist Michelle Singletary highlights frugal savers across the U S. Ed LaClare Phyllis Robbins Gayle Parsons and Dale Stewart win cash prizes for penny pinching feats that saved money and aided charity. Stewart donated about 70 dollars from Hawaii bottle returns since January.
Chicago Board of Trade soybeans edged higher while grain futures were mixed. Wheat rose to 3.305 per bushel, corn and oats fell, soybeans gained marginally. Live cattle and hogs advanced on the Chicago Mercantile Exchange, and February pork bellies rose. Local elevator prices varied with soybeans around 6.55 to 6.58, wheat near 3.25. Nonferrous metals and precious metals quoted by London and NY exchanges.
Subway and Quiznos, both with Lawrence locations, engage in spirited market share race as Subway expands its toasted sandwiches while labeling Quiznos a source of new customers. Executives say growth stems from competition, with Subway boasting 18,000 U.S. stores and a $6.27 billion annual sale, and Quiznos positioning as a higher quality, pricier alternative with about 4,000 outlets.
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