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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Apr 27, 2002
Page
5
About 3,000 Hershey Foods chocolate workers walk out at Hershey Pennsylvania, halting production of bars and kisses. Talks over health care and wages ended without new negotiations, affecting two Hershey factories while a revenue-boosting stock of inventory was built.
Eastern Cornbelt carcass prices range from 38.25 to 49.39 per hundredweight across 0.5 to 0.9 inch backfat. Illinois Direct Hogs purchases total 11,316 with prices mostly 1.00 lower on lighter weights and light to moderate demand. 300-400 lb hogs 20.00-21.00, 400-500 lb 21.00-23.00, 500-600 lb 23.00-25.00, over 600 lb 24.00-26.00. Boars under 300 lb 14.00-20.00, over 300 lb 10.00-15.00.
Grain traders in Chicago watched May soybeans drop to 4.67 a bushel as Argentine upheaval and the avoided nationwide strike dimmed export risks. Wheat for May eased to 2.57 a bushel and May corn slid to 1.96, while May oats rose to 1.68 a bushel on the trading floor.
Justice Department rejected Arthur Andersen's proposed settlement of the obstruction charge tied to shredding Enron documents. Attorney Rusty Hardin said discussions are likely over and the firm will proceed to the May 6 Houston trial. Former Fed Chair Volcker warned of shifting firm loyalties amid upheaval.
A dense display of closing stock prices lists trading figures for numerous tickers including their high, low, and close values along with daily changes. The table names companies like IBM, Exxon, Pfizer, Coca Cola brands, and others alongside values, creating a broad market snapshot with scores and prices.
New York AP investors despairing over earnings ignored a first quarter economy snapback and stocks fell sharply. The Dow Jones industrials dropped below 10,000 for the first time in over two months while the Nasdaq closed at October-like lows. Tech shares led losses as volume stayed light in a week of steep declines. Analysts blamed companies' failure to signal improvement and a uncertain market amid Middle East tensions.
The Dow Jones Industrial Average sits at 9,910.72, down 124.34 from the session high, with the S&P 500 at 1,076.32 down 15.16 and Nasdaq Composite at 1,663.89 up 49.81. NYSE volumes show 1.37 billion in regular trading and 11.98 million after hours, with 1,243 issues higher and 1,889 lower.
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