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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Oct 17, 2000
Page
11
Kansas wheat seeding lags at 69 percent, well below last year's 89 and the 85 percent average, per Kansas Agricultural Statistics Service. Fall crop harvest speeds ahead with corn 97 percent complete, soybeans 89 percent, and sorghum 93 percent, well above typical averages.
The Department of Energy awarded Honeywell a five year 1.8 billion contract to continue running the Kansas City plant, with competitive bidding opened this year yielding Honeywell as the sole bidder. The deal starts Jan 1 with a possible five year extension. Honeywell employs about 2,800 at the plant and 1,500 at nearby Aerospace Electronics Systems units, plus 50 at Raytown Home Building and Control.
The Fed has boosted rates six times since 1999 to curb growth while consumer spending remains resilient. August inventories climbed 1.4 percent to 392 billion, the largest gain since May, with 0.1 percent sales gain to 270.9 billion. Wholesalers up 0.6 to 326.3 billion and sales up 0.3 to 250 billion. Factories inventory rose 0.3 to 487.6 billion, yet sales jumped 1 percent to 381.4 billion amid July declines.
Lawrence, a 65 year old owner in the city, says the family lumberyard will shut after 35 years as the town becomes a bedroom community. He notes construction permits total $138.06 million this year, signaling a booming industry that contrasts with his closing shop and changing neighborhood ties.
Monday quotations show quiet trade in grains and livestock. Grain bids posted as limited purchases with USDA loan deficiency payments listed. cattle receipts around 350 head and hogs about 300. Slaughter steer and heifer prices reported with varying weights. cows and bulls show mixed levels. Nonferrous metals and precious metals quotes cited from New York markets.
A Commerce Department report tracks dramatic growth in home computer and Internet access over 20 months. Computers in 51 percent of homes August, 41.5 percent with Internet. gaps persist by race and urban rural location. Mineta urges rapid progress toward digital inclusion. Utah leads with 66.1 percent owning a computer, Mississippi and Arkansas among the lowest.
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