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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 02, 1994
Page
9
Investors evaluating stock mutual funds should check turnover rate, the annual stock trading as a percent of portfolio value. High turnover signals aggressive, choppy style and potential tax costs, while low turnover implies buy and hold. Recent Value Line analysis finds turnover effects vary by risk level.
American Stores Co. will lease 20000 square feet at Southwest Plaza Shopping Center in Lawrence for an Osco Drug Store. Opening date likely early next year. vision store prototype offers wider aisles expanded pharmacy and product categories. Site previously housed B&L Apple Market. 12000 square feet remain to lease.
Local readers are reminded to check Saturday’s Journal-World for the complete market wrapup. The in-depth report will cover stocks bonds and commodities with analysis from regional experts.
Morning market snapshot lists Midland elevators wheat at 3.67, corn 2.22, milo 3.45, soybeans 5.49. Omaha market notes hogs down 1.00 to 38.00 for 230-260 lb, sows weaker, cattle and calves light, mixed steer and heifer quotes centered around 65.50 to 68.00 for 1100-1350 lb, Kansas City and Dodge City reports show steady to higher slaughter cattle prices with substantial volume and lots sold, plus nonferrous metals and precious metals spot prices in New York and London markets.
The Coleman Co plans a 20 million charge in the third quarter to fund environmental cleanup projects in Kansas and to restructure several manufacturing operations. Based in Wichita, the maker of coolers and outdoor gear employs about 1,505 people locally. About 1.5 million of the charges will go to reserves for cleanup costs at sites in Wichita and Maize.
TWA and its pilots union reached a three year agreement aiming to save up to 35 million annually with revised work rules. Ratification vote planned soon as talks with attendants continue amid layoffs and furloughs.
Unemployment holds at 6.1 percent while nonfarm payrolls rise by 179,000, the smallest since January. Manufacturing adds 32,000, autos and related industries lead gains, and 123,000 new jobs come from the service sector amid mixed Wall Street reaction.
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