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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 14, 2003
Page
14
The Dow Jones Industrial Average closes at 9271.76, up 38.30 points from the session high, while the S&P 500 slips to 984.03 and the Nasdaq posts a small gain. NYSE volume nears 1.5 billion, with 1,402 issues higher, 1,818 lower, and 185 unchanged as traders digest updated indices and after hours activity.
Wheat for December delivery gained 2 percent to $3.77 a bushel while December corn slipped to $2.29 a bushel and December oats fell to $1.43. November soybeans dropped to $5.434 a bushel as soy and corn declined on weak trading.
Eastern Cornbelt carcass prices closed mixed to steady with 0.5 to 0.9 inch backfat ranges from 54.00 to 64.72. Illinois Direct Hogs sold via negotiations totaling 16,769 head with demand light to moderate and prices per weight from 28.00 to 37.00 depending on weight. Boars under 300 pounds mostly 25.00 to 26.00, over 300 pounds 7.00 to 10.00.
Regulators consider stronger enforcement to curb high commissions on variable annuities sold to seniors. Industry argues laws already protect consumers, while critics say regulators must ensure agents use proper tactics. Brant cites 17 complaints since July as NASD fines hit big brokers like American Express Financial Advisors.
Retailers nationwide promote Weekend Warriors for aspiring musicians, offering gear and rehearsal space to host live shows. Originating at Skip's Music in Sacramento and marketed by NAMM, the five week program costs 95 dollars per person and draws up to a hundred participants annually. For New Horizons, NAMM-backed aging musician ensembles funding by Roy Ernst at Eastman School of Music have grown to over 90 bands across the US and Canada, with musicians investing about 3600 dollars over five years. Steinway reports lower Q2 profits amid tougher market for instruments.
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