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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 07, 2005
Page
9
Travelers compare costs and convenience of driving Interstate 70 to O'Hare versus flying. Flights to Denver run about 285 to 300 dollars, while a lengthy road trip could still be preferred for straight routes and flexibility. Personal baggage rules and security add hassles for some, shaping choices.
Soybeans led gains on the Chicago Board of Trade with July futures up 11.25 cents to 6.40 a bushel while wheat rose to 3.17 and corn at 2.08 1/4. Beef and pork futures edged lower on the Chicago Mercantile Exchange with live cattle at 85.05 a pound and market for lean hogs and pork bellies slipping. Local cash prices from Ottawa and area elevators showed soybeans around 6.10 to 6.13, with grains near 3.05 to 3.10 for wheat and about 1.70 for corn. Nonferrous metals quoted include copper near 147.20 cents per pound and gold around 426.16 per ounce.
Berry Plastics plans to acquire Kerr for strategic benefits, expanding the Lawrence plant into a larger, stronger entity. Berry, Evansville based and owned by Goldman Sachs Capital Partners and JP Morgan Partners, bought Berry in 2002. Kerr, Lancaster Pa, makes child resistant tamper evident enclosures and plastic squeeze tubes with operations in eight North American locations. Fremont Partners, San Francisco, is Kerr’s majority owner since 1997, with diverse holdings in packaging, food, health care, and manufacturing.
A Lawrence law firm is weighing options for the former E and E building at 910 E 29th, with White Property Management preparing the site for possible sale. City commissioners will consider removing a utility easement to facilitate a closing, as negotiations resume after a prospective buyer backed out. The site, vacant since July 2004, is listed at 4.2 million, and PackerWare operates a nearby warehouse with about 20 Lawrence-based employees.
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