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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Aug 31, 2011
Page
5
Economists note consumers show anxiety in surveys but continue spending. A Conference Board August index fell to 44.5, its lowest since April 2009, amid debt ceiling standoff and Europe’s debt crisis. If stock prices hold, spending may persist and modest growth could follow.
Stockyards Peoria reports hogs trading moderately active with barrows and gilts 2.00 lower. For 230 to 260 pound animals buyers offered around 59.50 per cwt in the reported range.
Chicago grain futures moved mixed in early trading on the CBOT. Wheat for December held at 3.84 a bushel after a 13 cent drop. November soybeans rose 1.50 cents to 14.4850 a bushel while December corn fell 6 cents to 7.64 a bushel. Oats were listed for December with no change.
Watson 6751 and Wendy's 494 among names listed by Wells Fargo and Fargo Advisors, LLC in Carbondale. Whirlpool trades at 63.22 on NYSE/SIPC, with active disclosure from member NYSE/SIPC.
Oslo notes Norway's oil funds help shield its economy from Europe’s debt crisis. Despite global gloom, Norway benefits from oil income funding education and health, keeping unemployment low while inflation pressures rise as North Sea output declines and firms seek Arctic reserves.
AARP Illinois estimates Ameren bills would rise about 14 percent of members' average monthly income. Ameren faces ICC hearings over a $90 million request after trimming from $110 million. Some customers in former CIPS, CILCO and Illinois Power areas would see electricity up to 16.5 percent and natural gas up to 24 percent increases. Consumers describe potential hardship while Ameren cites needed infrastructure upgrades and aging fleet.
Public comments on lake water use centered on industrial allotments and potential impacts on recreation. Rend Lake currently supplies 17.5 million gallons daily to Rend Lake Conservancy District and 6.5 million to Adena Resources, with possible additions up to 10 million from a coal facility project. The Corps expects no near term lake level changes and presented operational alternatives.
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