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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 02, 1994
Page
2
The Wholesale Insurance Network WIN debuts to provide free quotes from at least two insurers with no agent commissions. From Tampa based Fee for Service Inc, WIN targets self directed buyers by supplying forms illustrations and insurer details while noting limited advisory support and the need to understand policy types.
U S government data show new home sales plummeted 20.1 percent in January to a seasonally adjusted annual rate of 695,000, the sharpest drop since 1980, with weather and higher rates blamed. The 1993 trade deficit rose 37.9 percent to 132.5 billion, the largest since 1987, while consumer spending rose modestly and personal income fell 0.3 percent in January, narrowing savings.
Local stocks update invites readers to watch the complete market wrapup in Saturday's Journal-World. It notes a general stock market update line and a phone contact sequence for quotes, emphasizing local interest and the forthcoming full report.
This morning cattle grain and livestock prices from Midland Elevator Lawrence and Omaha live stock quotes show wheat at 3.42 a bushel corn 2.82 milo 4.64 soybeans 6.79 in Omaha. Hogs sold mixed with 1 400 head and sows weaker while cattle and calves markets in St Joseph and Dodge City show steady to higher feeder steers and heifers amid rising demand. Nonferrous metals markets in New York list aluminum copper lead and zinc with various bid prices and precious metals quotes.
Investors scrutinize new data for inflation signs and sell stocks while prices for bonds fall. Analysts warn a continued inflation scare could push the Dow below 3700, with the S&P near 447 and the Nasdaq around 742. The Fed's rate hike boosts yields, shaping a broad market downturn.
Despite a 4 percent Dow drop after the Fed raised a key rate, Americans poured money into equity funds. Hideoty Investments notes investors shifted from long-term bonds to short-term bonds and stock funds. International funds attracted half the stock-fund inflows, with January posting $18.3 billion into stock funds and aggressive growth funds adding $3.7 billion. A Fidelity Michigan survey shows 58 percent plan to buy stock funds in six months.
Tanger Factory Outlet Center launches a March and April receipts drive to aid Lawrence Public Schools. Ten percent of sale totals will be donated. shoppers must attach name, address and phone to receipts and submit at any Lawrence elementary office. The center plans a second phase adding 10 to 12 shops to the current 20 outlets. Located in North Lawrence, it is the second Tanger outlet in Lawrence after Riverfront Plaza.
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