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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 20, 1991
Page
6
Overland Park based Party Affair expands with a new Lawrence outlet at 846 Mass selling party supplies and cards. Linda Sexton notes three local employees and a wide range of decorations balloons and gifts. The owners are Tom and Carole Cottrill of Overland Park, formerly Thomas Brown of Hutchinson.
NY stocks opened mixed with the Dow up 9.17 to 2895.80 at noon as investors await rate moves. Volume on the NYSE stood at 50.27 million shares. Bristol-Myers Squibb rose, Pepsico gained, IBM flat, while Philip Morris eased amid a broad list of up and down issues. Kansas City cattle quotes showed hogs steady to down and sawyers mostly lower in early trading.
The SEC is poised to approve a NYSE request to extend trading past 4 p.m. in a first phase toward 24 hour stock trading. The move aims to compete with foreign exchanges and third market activity, with after hours running to 5 p.m. and orders matched by time rather than specialists, while halted for major announcements.
Kuwait’s ambassador Nasir Al Sabah urged Kansas firms at a Wichita conference to form a consortium and seek Kuwait reconstruction contracts. He described Kuwait as highly competitive and noted aid from the royal family to the American Red Cross. The SBA will act as a clearinghouse, and Dole offered a delegation to Kuwait.
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