Inflation fears divide economists amid mixed signals
Analysts split on inflation as job cuts hit blue chips from Sears to IBM. While some see no wage pressure with 7 percent unemployment and abundant graduates, others worry about price pressures. Currency shifts and import prices exert limited impact, say Morgan Guaranty and DRI economists, keeping inflation debate alive.
MENTIONED IN THIS ARTICLE
Sears
IBM
van Doorn Ooms
Committee For Economic Development
America
Morgan Guaranty Trust
Toyota
Mark Lasky
DRI Inc
Lexington
Mass
Market quotes from Midland Elevator and regional grain and livestock markets
Morning prices report from Midland Elevator Lawrence show wheat 3.07, corn 2.34, milo 3.87 and soybeans 6.59. Omaha quotes list hogs and cattle ranges with varied weights and sows, while St Joseph prices show feeders and hogs with multiple weight classes. New York stocks ease inflation fears as Dow gains 17.16 to 3467.09 at midday amid mixed volume and inflation outlook.
MENTIONED IN THIS ARTICLE
Midland
Lawrence
Omaha, Neb
USDA
Omaha
U.S
New York
Wall Street
New York Stock Exchange
NYSE
Mississippi
IBM
Joban
Ya KaisAl
Pt Saboa Hah
Low Baat
Kroger
Swat Leviza
Umite
Alcan
Ve Allstate
Va Masco
Aparcks
Mascotch
Amoco
McDonid
ATI Marck
Martyn
Bay
Asarco
Gite Norwest
Seagram
Seare
Sears
SvcMeraia
DuPont
Exxon
Tucsep
Heinz
Wallan
Zeneca
T bill rates hit seven week low on Tuesday
Treasury auction results show three month bills sold at an average discount rate of 3.01 percent and six month bills at 3.10 percent, the lowest levels in seven weeks. The Fed reported the one year Treasury bill yield at 3.42 percent, down from 3.53 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
The
Federal Reserve
Detroit
General Motors ‘Corp
Ford Motor Co
Chrysler Corp
State funding approved for DeSoto plant expansion
State Finance Council unanimously approved a 500000 expenditure from the Kansas Economic Initiative Opportunity Fund to aid Sealright Packaging Corp in DeSoto. The aid will build a spur to connect the plant to a railroad, with additional incentives including 750000 for training, up to 500000 in a community development block grant, and property tax abatements. The move aims to keep 350 jobs in Kansas amid Missouri competition and aligns with the 1992 Legislature plan.
MENTIONED IN THIS ARTICLE
Topeka
State Finance Council
New
Kansas Economic Initiative Opportunity Fund
Kansas City
Sealright Packaging Corp
Kan
DeSoto
Kansas
Rochelle Chronister
House Appropriations Committee
Finance Council
Gus Bogina
Shawnee
Sealright
Economic Initiative Opportunity Fund
Secretary of Housing and Commerce
Kansas Technology Enterprise Corp
Kansas Inc
Charles Warren
J C Penney retirees sue over pension plan
Mary Jane Forbush, 72, won the right to sue J C Penney over its pension formula in federal court. The 5th Circuit ordered the case as a class action for thousands of employees affected. If successful, the suit could yield $50 million to $100 million in past and future benefits, despite the plan holding substantial funds.
MENTIONED IN THIS ARTICLE
Washington
Mary Jane Forbush
J.C. Penney Co. Pension Fund
Forbush
5Th U.S. Circuit Court of Appeals
Dallas
Stephen Bruce
Bruce
J.C. Penney
Congress
Margery Boley
Karen Ferguson
Pension Rights Center
Farmland settles $300 million class action suit
Farmland Industries reaches a $300 million settlement in a lawsuit brought by about 200 inactive ranch and farm cooperatives across Colorado and 17 other states. The action alleged an obligation to redeem $20 million in equity. Details were not disclosed.
MENTIONED IN THIS ARTICLE
Denver — Farmland Industries Inc
Colorado
Denver
U.S
Donald E. Abram
Consumers Gas & Oil Inc
Delta
Farmland
Lawrence
Also Mentioned on This Page
Peter Passell N
Times News Service
Omaha Livestock
St. Joseph Livestock
ST. Joseph
American Stock Exchange
Allied Sig Block
Fleming
FMC
Fourth Financial
Hercules
HORL
Kmart
Mercantile
Merck
Metro
Western Resources
Unc
Williams
Anc
Woolwortt
Courtesy
Edward D. Jones & Co
DeSoto Plant
Missouri
Joan Finney
Legis
Colgate-Palmolive
Kansas City, Mo
Union Pacific Railroad
Union Pacific
John Bromley
Big
Clinton
Federal Communications Commission
FCC
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