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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 12, 1994
Page
1
EE bonds have endured market swings, offering steady yields as rates rebound. Since 1982 reforms, new issue EE bonds start at 4 percent with a 4.7 percent rate now, reset semiannually. tax deferral and state local tax exemption add appeal for risk-averse savers.
The Lawrence Paper Co asks the city commission to issue 3 million in industrial revenue bonds to buy a 12.8 acre site at 2901 Lakeview Road, lease space to tenants, and fund building improvements. The 111-year-old firm plans to place space for future expansion and possible recycling, with current tenants to remain under lease. The commission meets Tuesday at 6 35 PM at city hall to consider the proposal.
For the first time in three years the fall shows no powerful burst of U.S. growth. Economists and officials say the strongest days of the recovery from the 1991 recession may be behind us. Forecasters peg current growth at about 2.2 percent, well below the 4 percent peak. The debate over inflation versus sustaining expansion is likely to intensify as the Fed weighs further rate moves.
Local markets report morning quotes for Midland wheat at 3.75 and corn 2.21 with milo 3.43 and soybeans 5.40. Omaha livestock quotes show hogs 1500, US 1 230-260 lb at 36.50-37.00, cattle 1800 head with steers 64.50-65.50 and heifers 64.50-65.50, lambs near steady, and nonferrous metal prices in New York.
Prices across all grades averaged 1.239 a gallon, down 0.99 since the Aug. 19 Lundberg Survey of 10,000 stations. Regular unleaded 1.173 at self-serve, 1.485 at full service. mid and premium at 1.277 and 1.361 self-serve, 1.568 and 1.643 full service. Regular leaded 1.201 self-serve, 1.459 full. South Korea to grant 4,000 more blue collar work permits to shoemakers this year to boost competitiveness amid cheaper rivals. Municipal bond prices to be disclosed starting January per MSRB to improve investor information.
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