Growth of mutual funds sparks debate on market saturation
The article examines the surge from about 500 to nearly 5000 mutual funds since the 1980s and whether this growth signals prosperity or excessive capacity. Analysts debate if new funds are real additions or repackaged capital, with officials citing investor demand and fund groups expanding product lines as reasons for the explosion.
MENTIONED IN THIS ARTICLE
Investment Company Institute
Donald Christensen
Manila
John Rekenthaler
Morningstar Mutual Funds Service
Sheldon Jacobs
Treasury
Rekenthaler
Industrial output up 0.7 percent in August
U S industrial production rose 0.7 percent in August marking the 15th consecutive gain. The Fed noted spring and summer output was higher than prior estimates, with autos and machinery leading. Capacity use rose to 84.7 percent, near a five year high. Investors reacted with lower bond prices and a weaker Dow.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Industrial output rises while credit tightens again
The Federal Reserve watches a 0.3 percent July rise in production and a 0.5 percent June gain at factories mines and utilities after a 0.5 percent May revision. Output sustains an 84.7 percent operating rate, signaling potential supply limits if growth accelerates. A separate report shows strong August retail sales, underscoring continued consumer-led expansion.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Stocks of local interest wrapup tease in Journal-World
Local stock notes teased for Saturday Journal-World market wrapup. Readers are invited to view a complete stocks section listing local interests, likely including prices, gains, and notable movers.
MENTIONED IN THIS ARTICLE
Journal-World
Midland and regional livestock and metal market roundup
Regional market notes show Midland wheat at 3.74 and milo at 3.32 while soybeans trade at 5.27. Omaha and St Joseph cattle and hog quotations move lower on Friday with barrows and gilts down about 1.00 to 1.50 and varied weights, cattle and calves not listed, and sheep absent. Dodge City and Kansas City reports cite slow trade, mixed slaughter steer prices around 66.50 to 68.00 for 1125 1400 lb ranges, with lots carried over and contract volumes noted. nonferrous metals prices tick higher and gold and silver values edge on the spot markets as of today’s quotes.
MENTIONED IN THIS ARTICLE
Omaha Livestock Omana
Nes
Usda
Omaha
U.S
St. Joseph Livestock Sr
Joseah
Dodge City Livestock Dancerry
Kansas
Kansas Ciry
No World Series forces ads to shift plans
The cancellation of this year's World Series upends major advertisers. GM Oldsmobile Aurora, Anheuser-Busch, MCI, and Gillette pivot to other channels after about 130 million dollars in unused time, with MCI rerouting to college and pro football and basketball and U S Open tennis coverage, while Anheuser-Busch anticipated the day.
MENTIONED IN THIS ARTICLE
New York
Madison Avenue
General Motors Corp
Anheuser-Busch Inc
MCI Communications Corp
Gillette Co
Baseball Network
Major League Baseball
ABC
NBC
Aurora
Oldsmobile
MCI
Anheuser-Busch
Tony Ponturo
Brewer
William Pate
Pate
Free budgeting workshops in Lawrence hosted by TASSae and Indian Center
The TASSae Consumer Credit Counseling Service of Lawrence and the Indian Center of Lawrence co sponsor free budgeting workshops on September 27 October 25 November 22 and December 27. They start at 7 p.m. at 1423 Haskell Ave. Lawrence participants should bring pencils and a calculator to learn to stretch a paycheck reduce debt and start saving.
MENTIONED IN THIS ARTICLE
Consumer Credit Counseling Service of
Lawrence
Indian Center of
Banker Dennis Weatherstone retires from J.P. Morgan Co
Dennis Weatherstone, 63, announces retirement as head of J.P. Morgan & Co after four years leading the firm. He follows the surprise resignation of Goldman Sachs chairman Stephen Friedman, marking a second Wall Street exit within a week.
MENTIONED IN THIS ARTICLE
Dennis Weatherstone
J.P. Morgan & Co
Wall Street
Weatherstone
England
Stephen Friedman
Goldman Sachs & Co
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Rabbit
Staly
AP Griraic
Kmart
Kroger
LabOne
Merck
NPC
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O'Reilly Auto
JC Penney
Pepsico
Quaker
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Santa Fe
Sealright
Sears Nh
Sthwest Bell
Studid Reg
Teinova
UutiliCorp
Wal-Mart
Uneh
Western Res and
Williams
Edward D. Jones & Co
Midland Elevator
Com
Tee
Prinae Prictau
London
Comex
Handy & Harman
Ilver
N.Y
Commerce Bank of
Kansas City
N.A
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Tassae
Ouro
Ita
America
Sam
Bigelow Invincible
Leake
Stainmaster Select
Um DuPont
Bud Jennings
Lowa
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