Market Gap Follows King Day Closures Across Exchanges
U S stock markets closed for Martin Luther King Day for the first time with NYSE NASDAQ AMEX and Chicago Board of Trade observing the holiday. Frank Zarb urged that the pause aids reflection on King’s impact while most employers did not grant paid time off. Foreign stocks rose as Asia rebound expectations supported Wall Street. Farmland Industries reported a first quarter profit drop to 17.3 million on 2.3 billion in sales amid IT conversion and year 2000 issues.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
American Stock Exchange
Chicago Board of Trade
Frank Zarb
National Association of Securities Dealers
King
Bureau of National Affairs Statistics
Banking Institution
Bureau
Social Service Agency
Wall Street
Asia
Thailand
Malaysia
South Korea
Singapore
Indonesia
Philippines
Hong Kong
U.S
International Monetary Fund
Farmland Industries Inc
Farmland
Feed
United States
Lawrence
Kansas City
Black & Veatch
Coffeyville
Tonganoxie development heats up despite winter
The North Star development in Tonganoxie grows with 26 acres on U S Highway 24 40 adding 11 commercial and 23 residential lots. Partners Lem Evans Bob Hunter and John Bateson report sales picking up with three lots sold to Dial Realty Corp of Omaha and interest in a convenience store. Construction of homes for sale is planned for June with prices around 110 000 to 125 000 dollars. The project aims for brick or stone buildings and broad commercial use including fast food and offices, boosting the town’s tax base. The city administrator says the plan meets requirements and signals a strong local growth outlook.
MENTIONED IN THIS ARTICLE
Tonganoxie
Community National Bank
Lem Evans
North Star Development
Dial Realty Corp
Omaha
U.S. Highway 2440
Evans
Bob Hunter
John Bateson
Eudora
Alco
Wal-Mart
Tonganoxie City Limits
Chris Eppley
Eppley
Lem
Mike Yoorr
Journal-Word
Northstar
U.S. Highway 24-40
218Th Street
Tonganoxie High School
Union Pacific chief says freight woes fading after congestion
Union Pacific Corp. Chairman Richard Davidson said almost all of its 36 000 miles of track are running normally aside from 250 miles between Houston and New Orleans. He noted past backlog and accidents but promised safety improvements with federal officials and unions, and an expected record coal movement from Powder River basin this month.
MENTIONED IN THIS ARTICLE
Omana
Nes
Houston
New Orleans
Union Pacific
Los Angeles
Phoenix
Southern California
Union Pacific Corp
Richard Davidson
Southern Pacific
Omaha Press Club
Davidson
Dallas
Omaha
Union Pacif
Atta
Powder River
Wyoming
Firm halts expansion plans in Lawrence area
A national firm that ranked in the top 200 of Fortune Magazine’s top 500 small businesses has paused its Lawrence expansion. The company eyed an 80,000 square foot Mallinckrodt Veterinary site and an Miami Oklahoma plant project to produce animal feed supplements, with initial employment around 35 and later up to 60.
MENTIONED IN THIS ARTICLE
Lawrence
Bill Martin
East Hills
Miami
Okla
Fortune Magazine
Martin
Heinz Pet Products Co
Topeka
Hills Pet Nutrition
Mallinckrodt Veterinary
Omaha
Douglas County Development Inc
National Computer Systems
Dodge City livestock market quotes mixed with cattle hog quotes
Quoted Monday market activity shows limited trade with no sales of steers or heifers at Dodge City. In St Joseph receipts reach 700 with modest gains for slaughter cattle and steady to up slightly for hogs. Omaha and Oman show similar mixed results across hogs cattle and lambs with price ranges and weight-specific quotes.
MENTIONED IN THIS ARTICLE
Dodge City Livestock Dopce Crrv
St. Joseph
St. Josefu, Mo
Payless Cashways to cut 175 jobs in 4th quarter loss
Payless Cashways Inc reports a 1997 fourth quarter loss of 201.8 million including reorganization costs and plans to cut 175 jobs by 25 percent at its Kansas City HQ and regional offices. The retailer cites slower rebound after Chapter 11 and December sales down 12.2 percent at stores open one year. Regional offices in Dallas and Indianapolis to close, six regions consolidated into four with remaining sites in Kansas City Sacramento Denver Cincinnati and stores in 20 states including 3434 Iowa St. in Kansas City.
MENTIONED IN THIS ARTICLE
Kansas City
Payless Cashways Inc
Payless
Payless Cashways
Dallas
Indianapolis
Sacramento
Calif
Denver
Cincinnati
Iowa St
Lawrence
Also Mentioned on This Page
Tonganoxie Development
Mike Shields
Shields
Jworld.com
Kansas
Chief
Dick Davidson
Neb
Richard Brack
Brack
Ijworld.com
15Th Street
23Rd Street
East Hill
Terry Stevens
Journal-World Graphic
Omaha Livestock
Oman, Neb
USDA
Dogbert and
the Skeptic
CK Skeptic
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