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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 04, 1995
Page
3
A Monday start for a Target store job hotline in Lawrence offers 1 0 managerial supervisory and guest service roles. Applicants call 1-800-966-4812 ext. 013, available 7 am to 11 pm daily for brief screening interviews as the new store prepares for an October opening.
The USDA charged IBP Inc a Dakota City Nebraska meatpacker with price discrimination in cattle purchases from the Beef Marketing Group a nine feedlot operators group. The four page complaint says IBP paid higher for livestock bought from BMA terms than to other suppliers and refused to share BMA terms.
The U S economy added 55 000 jobs in July, far short of the 109 000 expected, with the unemployment rate rising to 6 7 percent. Factory layoffs tied to auto plant shutdowns and aircraft cuts drove the decline while June's gains were revised up to 250 000. Credit markets fluctuated as analysts weighed inflation risk and the potential for Fed rate moves.
Union Pacific Corp. signs a definitive agreement to buy Southern Pacific Rail for 25 a share or 4 billion. Cash tender offer for up to 25 percent, then remaining shareholders may choose 25 cash or 0.4065 Union Pacific stock. 60 percent of Southern Pacific shares would convert to UP stock with 40 percent bought for cash. Antitrust approval required. If approved, UP would become the largest railroad in North America with a 34,000 mile network in 25 states plus access to Canada and Mexico.
Prices show Midland Elevator grains corn 2.44 milo 4.66 soybeans 5.87 per bushel. Dana Newary uspa omiati Livestock Market notes hogs 48.00-48.50 US L-3s 220-260 lb, sows up to 2.00 higher, receipts 5,552 this week. St Joseph Lifoskry reports hogs 47.00-47.50 230-270 lb, 44.50-45.50 210-230 lb, 34.00 300-500 lb, 3450-3540 for 600-700 lb. Donut Cer Kansas feedlot sales show slaughter steers 64.00, heifers 64.00, with wide ranges for weights and loads. Kansas City report cites steady to higher live cattle prices with many head sold and total week volume around 110,000. New York metals prices list copper 1.39-1.44, lead 0.42, zinc 0.24-0.54, gold 384, silver 5.19, platinum 422.0-542.4 per ounce. Rates from Commerce Bank of Kansas City note interbank values as of today.
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