Summer rally myth deflated by market analysts
Financial experts across firms declare there will be no reliable summer rally in 1994. They note the Dow could dip or rise modestly through late September, with gains not tied to a seasonal pattern. Analysts warn against assuming summer boosts and urge investors to expect dull markets rather than fireworks.
MENTIONED IN THIS ARTICLE
Wall Street
Louis Navellier
MPT Review
Yale Hirsch
Hirsch
Dow Jones
Bob Dickey
Daii Bosworth Inc
Hugh Johnson
First
Albany Corp
Byron Wein
Morgan Stanley & Co
Dollar fall strains Fed as rate rise debate grows
A sliding dollar unsettles markets and sharpens the case for a fifth Fed rate hike this year. Analysts warn higher rates could slow the economy yet help the dollar, while weaker growth or higher import prices loom. Trade data release and Greenspan testimony add to the uncertainty for U.S. policy.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Clinton
London
Paris
Frankfurt
Ger
Man Brewers
United States
Treasury
Alan Greenspan
Stocks of local interest market wrapup note
Local stocks update directs readers to dial numbers for quotes and mentions a complete market wrapup in Saturday’s Journal-World. No specific companies, prices, or dates are provided.
MENTIONED IN THIS ARTICLE
Journal-World
Local market updates from Midland and Omaha livestock bids
Morning market report lists Midland Elevator prices for wheat 3.26, corn 2.63, milo 4.22, soybeans 6.56. Omaha quotes Tuesday show hogs up to 50, cattle and calves mixed, steady to down, with steers 62.50 to 64.00 and heifers 62.50 to 64.00. Additional bids from St Joseph and Dance City reflect hogs higher, steers tested, and light demand for feedlot sales. Nonferrous metals and precious metals prices are provided, with various spot rates and futures quotes across aluminum copper lead zinc tin gold silver platinum.
MENTIONED IN THIS ARTICLE
Midland
Omaha
Nes
Usda
U.S
Dance City
Kansas
Color Tile opens in Southwest Plaza as expansion heads to more tenants
Color Tile owned by Louis Buntin of Olathe opened in Southwest Plaza Shopping Center at 23rd and Iowa, occupying about 5,000 square feet with two employees. The 32,000 square-foot anchor space remains vacant after B&L Apple Market left last fall, while the center’s owner Missouri State Employees Retirement System seeks a second tenant for 20,000 square feet. Kent Schmanke of Cohen Esrey Realtors says another lease is near completion and a new tenant for the former supermarket space is expected soon.
MENTIONED IN THIS ARTICLE
Southwest Plaza
23Rd
Iowa
Louis Buntin
Olathe
Buntin
Lawrence
Color Tile
Fort Worth
Tex
Ken Schmanke
Cohen-Esrey Realtors
Topeka
B&l
Apple Market
Food Barn
Missouri State Employees Retirement System
Schmanke
UAW Set to Strike Caterpillar Across Several Plants
Thousands of UAW workers prepared to strike Caterpillar Inc after a brief face-to-face session failed to avert action. About 14,000 workers at Illinois, Memphis, Denver and York plants face a walkout over 90 unfair labor practice complaints and 14 fired union members. Caterpillar says union inflexibility ends mediation.
MENTIONED IN THIS ARTICLE
Peoria, Ill
Caterpillar Inc
United Auto Workers
Bill Casstevens
Illinois
Memphis
Denver
York
Caterpillar
UAW
Wayne Zimmerman
Casstevens
Zimmerman
Indianapolis
Volcker warns growth above 3 percent risks inflation
Former Federal Reserve Chairman Paul Volcker told CARE fundraisers that sustained U.S. growth above 3 percent could threaten long term prosperity. He urged restraint, noting inflation risks from faster growth and recalling his 1979 87 tenure. Treasury auctions showed short term bills at 4.18 and 4.55 percent, while the one year T bill yield rose to 5.18 percent.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve
Paul Volcker
CARE
Global Relief and Development Organization
Volcker
Fed
Treasury
Treasury Department
UtiliCorp sees mixed quarter results despite UtilCo boost
UtiliCorp United expects second quarter profits to fall to 6.8 million from 7.3 million in 1993 as warmer weather boosts electric operations but lowers gas earnings. Primary EPS should rise to 14 cents from 13. For the first six months of 1994 net income is seen at 45.8 million, up from 42.1 million, with EPS at 1.01 versus 0.97. UtilCo Group holds gas, coal and hydro interests and dividend policy remains intact with slower future increases.
MENTIONED IN THIS ARTICLE
UtiliCorp United
UtilCo Group
UtiliCorp
Kansas Public Service
Lawrence, Kan
Also Mentioned on This Page
John H. Makin
American Enterprise Institute
By Jones
AlliedSig
Rene Ds
Office de Sens
Applebee's
O'Reilly Auto
Buckle Inc
JC Penney Va
Casey
Pepsico
CommBancs
Quaker
Fleming
Sallie Mae
FMC Serene
Santa Fe
Va Sealright
Goodyear
Arcbies
Hercules
Sthwest Bell
Kmart Eanseagene
TRW
Preecean Veneeteere
Kroger
Serene 2d Va
Trinova
Labone Eesseoeneeens
Lone Star Sticks
Wal-Mart UtiliCorp
Enneeen
Western Resstreeen
Mercantil Oe
Williams
Merck
Woolworth
Edward D. Jones & Co
Omaha Livestock
St. Joseph Livestock
St. Joseph, Mo
Dodge City Livestock
Nonferrous Metals
New York
Comex
Handy & Harman
N.Y
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Arwor Journal- World
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