Local economy gains steam from housing construction growth
Lawrence’s economy firmed in the first quarter per Kansas University IPPBR findings. Construction of single family homes drove momentum with 136 new permits, up from 103 in Q4 and 101 in Q1 1991. Multifamily activity lagged with 24 permits for 85 units. commercial work eased versus last quarter.
MENTIONED IN THIS ARTICLE
Lawrence
Kansas University
Institute For Public Policy and Business Research
IPPER
State index falls for 2nd month in Kansas economy
Kansas State University reports the Index of Leading Economic Indicators declined in April to 136.87 from 136.95 in March. Wheat and stock prices slipped while money supply fell, but unemployment claims decreased and cattle prices, housing starts, and average weekly hours rose. Nonfarm payrolls down 1.7 percent from last quarter but up 1.5 percent from 1991. Sales tax receipts fell 10.2 percent year over year. vehicle sales up 12 percent. Local loans rose, deposits increased modestly, reflecting refinancing activity and low interest rates.
MENTIONED IN THIS ARTICLE
Manhattan
Kansas
Kansas State University
KSU
S&ls
S&l
Stocks Slip as Health Care Shares Drag Dow Below 3400
Midland Elevator quotes show wheat 8.56, corn 2.60, soybeans 35.12. In New York trading, the Dow fell 6.74 to 2406.47 as health care stocks weakened. Bristol-Myers dropped 7%. Abbott, Glaxo, Humana, Merck, Syntex and Upjohn also slid. Chrysler and GM showed mixed moves while American Express edged higher.
MENTIONED IN THIS ARTICLE
Midland
Lawrence
New York
Dow
New York Stock Exchange
Wall Street
Bristol-Myers Squibb
Abbott Laboratories
Glaxo Holdings
Humana
Merck
Syntex
Upjohn
Chrysler
American Express
General Motors
Disney
Realty firm opens Eudora office to boost local sales
Gill Agency opened a satellite office at 101 W 1st in Eudora, assigning Caren Rowland full time to the new location. The agency will market existing properties and new homes in Prairie Estates, a Hamilton Properties project near Nottingham School, with 115 three bedroom homes planned in the $60,000 range. Other developments include similar houses in Wellaville on a scattered-site basis.
MENTIONED IN THIS ARTICLE
Eudora
Gill Agency
Euudora
Phil Harrison
Caren Rowland
Gillaloo
Prairie Estates
Hamilton Properties of
Leawood
Nottingham School
Harrison
Wellaville
Gij Agency
Franklin Savings earns $30.9 million in first three months
Franklin Savings Assn. gains 30.9 million profit in Q3 after government takeover, mostly from securities sales and lower deposit costs as interest rates fall. Year to date shows reduced losses, with 9.4 million deficit for the fiscal year’s nine months. Royal Oak bank cuts prime rate to 6 percent amid easing funding costs. Treasury auctions show unchanged short term yields, with one year bills at 4.27 percent average.
MENTIONED IN THIS ARTICLE
Kansas City
Franklin Savings Assn
Charles P. Farrell Jr
Franklin
Royal Oak
Mich
National Bank of Royal Oak
Federal Reserve Board
Edward B. LeFevre
Detroit
Washington
Treasury
Treasury Ment
Federal Reserve
MidAmerican plan to merge local banks gains Fed approval
MidAmerican Corp owner of First National Bank of Lawrence clears a regulatory hurdle by receiving Federal Reserve approval to acquire Jayhawk Bancshares Inc, which owns Lawrence National Bank. The merger await OCC nod with a 30 day waiting period. completion could occur in early autumn.
MENTIONED IN THIS ARTICLE
MidAmerican Corp
First National Bank of
Lawrence
Lawrence National Bank
John Elmore
First National
MidAmerican
Federal Reserve Bank of Kansas City
Jayhawk Bancshares Inc
LNB
Elmore
Office of
the Comptroller of the Currency
Jayhawk Bancshares
Terry Sutcliffe
Maas
Also Mentioned on This Page
Gwyn Mellinger
Weller
Helga Upmeier
Matt Goodys
North Bakr
Magalia
Mato Lam
Nh BankAr
Mareiot
Qiecko
Morgan
Wipsco
Constal Ag
Ceiphat
Aldy
Roy
Cooper
Mae SchrPl
Unisys Ford
Waidhart
NYSE
American Stock Exchange
Allied Sig Wich
Hercules
Ae Kroger
Quaker
Sallle Ma
Santa Fe
Trinova
Wal-Mart
Western Financal
Western Resources
Wil Eever
Woolworth
Edward C. Jones Co
Sabara
Omaha Livestock
Omaha
Neb
USDA
Heffers
St. Joseph Livestock
ST. Joseph, Mo
Seized S&l
Michigan Bank
Johnson County
Merchants National Bank
Topeka
Robert Brozman
Brozman
U.S. Department of Justice
Richard King
Justice Department
The
Journal-World Classified
VORP
TUS
RCM
Lesley Abee
Aga
Mare An
Holidome
McDonald
Donald Chapman
L.L.B
Berman, Deleva, Kuchan
William A. Lane
Sintalia
Suita
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