Dilemma over lumber costs highlights conservation clash
The piece cites rising lumber prices from 1980s levels to 1993 highs as a result of protecting Northern Spotted Owl habitats. It notes builders pass costs to buyers, with a 2,000 sq ft home costing about $7,323 at $300 per thousand, or $10,985 at $450, and discusses broader policy splits between conservation and development. Habitat for Humanity International warns lumber costs have risen 41 percent in two years, adding $1,300 to a typical Habitat home.
MENTIONED IN THIS ARTICLE
Pacific Northwest
Clinton
National Association of Home Builders
Mars
Habitat For Humanity International
Habitat
Rates, spring sales to decide strength of '94 market
February new home sales rose 1.9 percent to a seasonally adjusted annual rate of 649,000, led by the West. After a record decline in January caused by weather, analysts expect a rebound as warmer weather returns, though higher mortgage rates loom as a potential drag on demand.
MENTIONED IN THIS ARTICLE
Washington
Departments of Commerce and Housing and Urban Development
Decem
Federal Home Loan Mortgage Corp
National Association of Realtors
Northeast
Midwest
South
Fortune 500 firms post 1993 profits despite flat sales
Fortune magazine notes America's largest industrials earned 62.6 billion dollars in 1993 after a loss in 1992 while cutting thousands of jobs. The gain came from productivity gains and lower borrowing costs, with job totals sliding to 11.5 million and long-term trends showing fewer opportunities.
MENTIONED IN THIS ARTICLE
New York
America
Fortune Magazine
Douglas MacArthur
Philippines
Richard Nixon
Meat Loaf
U.S
Fortune
Fortune 500
SAS
General Motors
NY Micipal
Mobil
Philip Morris
Chrysler
Texaco
DuPont
Local Stocks and Market Update Notice
Local stocks section and market update text prompt readers to dial a number for more details. The brief notice directs attention to a forthcoming complete market wrapup in Saturday’s Journal-World.
MENTIONED IN THIS ARTICLE
Journal-World
Lawrence Paper seeks 1 million IRBs for plant expansion
Lawrence Paper Co asks the Lawrence City Commission to issue 1 million in industrial revenue bonds to finance equipment purchase and a 17 500 square foot expansion at 2801 Lakeview Rd. The city is not obligated for payment and the company will service the debt. Interest is expected between 4 and 6.5 percent over 12 years. The panel meets at 6 35 p m to decide.
MENTIONED IN THIS ARTICLE
Lawrence Paper Co
Lawrence City Commission
Lakeview Rd
City Hall
Mike Wildgen
Wildgen
ARM index up as mortgage rates edge higher
The AP reports Treasury short term bill yields fell in Monday's auctions with three month bills at 3.50 percent and six month bills at 3.85 percent. Separately the Fed noted the one year Treasury bill yield rose to 4.36 percent from 4.31 percent, affecting ARMs.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
The
Federal Reserve
Oil prices drop as OPEC keeps targets steady
Crude oil and gasoline futures fell Monday after OPEC left production targets unchanged, signaling a continued oil glut. The market reaction sparked a broad stock sell-off with the Dow slipping to 3762.35, down 12.38 points, and near five year crude lows as light sweet crude settled at 14.08.
MENTIONED IN THIS ARTICLE
Organization of Petroleum Exporting Countries
OPEC
Dow Jones
Insurance profits surge after 1992 losses reach 1993 gains
U S property and casualty insurers more than tripled profits in 1993 from 1992. Industry earned 18.5 billion in 1993, reversing record catastrophe losses that produced 5.8 billion in 1992, based on data from the Insurance Services Office.
MENTIONED IN THIS ARTICLE
U.S
Insurance Services Office
Union may vote again on dues reform
Teamsters President Kon Care won't rule out another rank and file referendum to raise dues after members this weekend overwhelmingly rejected his proposal for a 25 percent hike aimed at generating $100 million annually. The rebuke casts doubt on the future path of the once powerful private sector union.
MENTIONED IN THIS ARTICLE
Teamsters
Kon Care
Carey
Midland and Kansas City Market Prices and Livestock Quotes
Morning market roundup lists Midland Elevator quotes for wheat at 3.38, corn 2.85, milo 4.48, soybeans 6.90. Across the region, Omaha, St Joseph and Dodge City livestock prices show hogs, cattle and sheep bids, with steady to down tones for hogs, selective gains for steers and heifers, and broad metal and commodity price listings from New York.
MENTIONED IN THIS ARTICLE
Midland
Omana
Nes
Usea
Omaha
U.S
Dodge City
Also Mentioned on This Page
Business Watch
Jani
Ource
Nationa
Realtors
Ber
Man
Marilyn Schaja
Donaldson, Lufkin & Jenrette Securities Corp
Ares
Ereagaceen Answeer
Nat
Pizza Savesennens
AlliedSig
Office Depot
O'Reilly Auto
Applebee Block
Ayener
Payless Cash Buckle Inc
JC Penney
Casey’s Aeancoanrecaee
Pepsico Eter
CommBancsh
Quaker
Dayton-Hud Seenens
Railroad Fin
Sallie Mae
FMC
Fleming Geen
Santa Fe
Sealright
Goodyear
Sears
Seven E
Hercules
Sthwest Bell
Kmart
TRW
Preveresy
Sae
Tri
Paper Company
Irbs
Omaha Livestock
St. Joseph Livestock
St. Joseph
Uspa
London
Comex
N.a
Handy & Harman
Mercury
N.Y
Commerce Bank of
Kansas City
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Aaa
Rex Efe Mei
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