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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 12, 2003
Page
5
New York stock summary lists HitMat at 20.50 close with intraday activity. Major movers include HeclaM, AFLAC, Hewlett Packard, AMR, Boeing, ExxonMobil, Microsoft, and Disney among many traded names with varying highs and lows. The report shows price changes and volume across a broad array of companies on the active list.
Eastern Cornbelt carcass prices unavailable. Today’s negotiated purchases show steady to firm poursuivre demand light to moderate for moderate offerings. Hog weight bands 300-400 lbs 28.00-31.00, 400-500 lbs 30.00-33.00, 500-600 lbs 32.00-35.00, over 600 lbs 34.00-37.00. Boars under 300 lbs 21.00-28.00, mostly 25.00-26.00. over 300 lbs 7.00-10.00.
Chicago grains report notes soybeans hit one month highs on a technically driven rally as forecasts call for hot dry weather in central U S. Wheat also rose while corn eased ahead of Tuesday USDA reports with soybeans up 11 percent to 5 35 a bushel and wheat at 3 58.
SAN FRANCISCO AP Lawyers may reveal suspected client fraud under new ethics rules approved by the ABA policy board by 218 to 201 loosening limits on disclosure. The changes align with state rules, allow reporting to head off fraud, and apply to in house and outside counsel who learn of wrongdoing. The panel cited protecting employees and investors and noted life saving disclosures remain prohibited. A separate vote was planned to clarify reporting duties up the corporate chain and to authorities outside a company.
President Bush plans a meeting with his six member economic group at his Crawford Texas ranch to push the new 350 billion dollar tax cut and project a recovery. Analysts say policy tools are used up and sentiment hinges on a firmer turnaround with unemployment still high and manufacturing jobs lost overseas.
New York traders pushed stocks higher led by Oracle and Adobe upgrades though volume remained light ahead of a Fed meeting and key weekly data. The Dow gained 26.26 to 9217.35 as tech shares outpaced declines and analysts anticipated steady rates.
The Treasury sold 16 billion in three month bills at 0.940 percent, down from 0.945. Another 16 billion in six month bills went at 1.030 percent, up from 1.025. The Fed noted one year constant maturity bills rose to 1.26 percent from 1.22.
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