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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jul 08, 1992

Page

13

Douglas County Retail Growth Despite May Tax Dip

Kansas Department of Revenue reports Douglas County retail sales rose 3.76 percent for the first 11 months of fiscal 1992, totaling $21,793,930 through May, while May receipts fell 13.67 percent to 1,993,720. Sedgwick Johnson Shawnee Wyandotte lead in statewide totals. Lawrence DeSoto Tonganoxie Perry Eudora Baldwin show varied local tax performance for fiscal year to date.

Kansas Department of Revenue Douglas County Revenue Department Sedgwick Johnson Shawnee Wyandstte THE Lawrence DeSoto Tonganoxie Perry Eudora Baldwin

Bank yield drops after Fed rate cuts and deposits fall

The Fed cut the discount rate and big banks trimmed the prime rate, sparking a sharp weekly decline in bank money market and six month CD yields. The Bank Rate Monitor calls it among the largest drops in years, with three month bills at 3.23 percent and six month bills at 3.32 percent. For 20 large banks outside New York, money market accounts fell to 3.11 percent and six month CDs to 3.42 percent.

New York Federal Reserve Bank Rate Monitor Robert K. Heady The Monitor Treasury Fed

Sonny Hill expands lines with Oldsmobile and Saturn franchises

LeRoy Poague, Sonny Hill automobile dealer, announces expansion to add Oldsmobile from a local competitor and Saturn cars, joining existing Chevrolet and GEO lines. Toyota dealer John Smith seeks focus on Toyota as Saturn supply lags, with possible six months to a year until inventory arrives. The firm already operates multiple locations in Lawrence, Platte City, Midtown Kansas City, Olathe, and Lansing-Leavenworth.

Sonny Hill Iowa LeRoy Poague Oldsmobile John Smith Toyota Ter Poage Platte City Kansas City Smith Poague General Motors Saturn Tennessee Lawrence Midtown Olathe Lansing- Leavenworth

Finney Forms Workers' Comp Task Force Amid Legislative Split

Gov. Joan Finney created the Governor's Workers' Compensation Task Force as a second state commission to study workers' compensation laws. Legislative leaders remain divided on forming a committee, with Republicans skeptical and Democrats cautious, following 21.7 percent rate increases this year. The governor's panel includes Insurance Commissioner Ron Todd and other state officials, while Todd's committee already has four members.

Topeka Joan Finney Ron Todd Todd Lawrence John Wertzberger American Academy of Disability Evaluating Physicians Inc Brad Smoot The American Insurance Assn Dick Brock Legislative Coordinating Council Finney Joe Dick

FDA warns Seldane risks hit Marion Merrell Dow stock

The FDA warned that Seldane can cause life threatening heart rhythms in liver disease patients or with other drugs. The notice prompted Marion Merrell Dow Inc to drop $6 a share to $27.50 on the NYSE after a wide alert to doctors and health workers.

Kansas City, Mo Marion Merrell Dow Inc Federal Food and Drug Administration FDA Monica Revelle Revelle United States Marion New York Stock Exchange

Digital aims Alpha chip line to revive sales

Digital Equipment Corp reports a revamp to its computer lineup to attract hesitant buyers awaiting Alpha based machines. Analysts note customers hold off on VAX systems pending Alpha's rollout before year end 1992.

Boston Digital Equipment Corp Digital Alpha

Midland and Omaha Market Quotes and New York Stocks Drift Lower

Market data from Midland Elevator shows wheat 3.38, corn 2.49, soybeans 5.66 while Omaha Livestock reports hogs mostly steady to 50 lower and cattle prices down to 72.50 for select steers. In St Joseph quotes steady to 1 lower for feeders, hogs mixed, and New York markets drifted lower with the Dow at 3294.90 by noon. Industry earnings chatter and several Nasdaq names moved, including Nike up and L A Gear down.

Midland Lawrence Omaha Neb USDA U.S ST. Joseph NEW York Wall Street New York Stock Exchange Federal Reserve Nike L.A. Gear Durr-Fillauer Medical Bergen Brunswig Corp Durr-Fillauer Exabyte Heinz Hew IBM Ty Atipd Kmart KCPLI Lilly Asarco SBS BankAm Mobil BeHal Monsan Morgan Ty Boeing BrMySq Teh Coastat Pepsic Tin Uae la PhilPet CaStor Ta Cooper Aa al Aay Royld Dilards Ae Shawbit Ekodak Desty Stonec StorTch Emergy Strdets Exxon Texaco Dela Usxmar GaPac WalMart Goodyr Grace

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