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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jun 11, 1987
Page
11
The Dow Jones rose 7.59 to 2361.20 by noon as gainers beat losers 783 to 554 with 479 unchanged. Japanese stocks logged advances after Tokyo hit a record, with Honda up 8 percent and IBM up 5 percent on no PC delay rumors. Volume reached 66.68 million shares on the NYSE.
AP analysis traces mixed reaction to Volcker's resignation and Greenspan's arrival. Economists criticize Volcker's policy as causing recession and debt while others question Greenspan's credibility, potential conservatism, and influence on the dollar amid shifting markets and bold forecasts.
Phillip Wilkinson, 18, a Pittsburg High senior, rose from stall cleaning at AK Ranch near Pittsburg to become a leading quarterhorse showman in Kansas. He bought Bright Eyed Boston for 600, trained regional show horses, won Grand Champion at McDonald County Fair, and now owns a two-year gelding and a yearling. He aims for the Kansas Youth Team and All-American Congress, while managing stallions and mentoring junior Tyler Denham.
Washington officials and lawmakers spar over a proposed secondary market for farm mortgage loans. Treasury aide Charles Sethness warns it could drain top borrowers from the Farm Credit System, while Rep. Steve Gunderson calls the testimony socialistic. Hearing weighs costs, credit access, and potential insolvency risks for the borrower-owned system.
Washington AP Farmers may wait for a substantial reduction in the world grain stockpile before prices rise. USDA analysis notes lower prices already spur use and curb surplus, with 1987 acreage drops forecast in Canada Australia and Thailand. World inventories could ease from 370.2 to about 360.9 million tons next year as prices trend lower until stocks tighten.
Jim Ploger, longtime aide to former Gov. John Carlin, joins Kansas 4-H Foundation as development officer. He will handle county fundraising and alumni events, bringing prior roles as Kansas Democratic Party executive director and Kansas Farmers Union executive secretary to the position.
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