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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Feb 23, 2002
Page
5
A man reckless driving early Friday crashed into MotorCity Casino after fleeing a highway incident. Six people sustained non life threatening injuries. Police said a chase and tire shots preceded the crash. investigation ongoing.
Chicago grain futures mixed as soybeans slipped on weather forecasts affecting Argentina. Wheat gained modestly on technical buying, while corn eased and oats rose. March wheat up to 2.80, March corn at 2.05, March oats 2.29, March soybeans 4.41.
Enron lobbyists and executives held 25 meetings and calls with FERC during 11 months from August 2000 to June 2001 as California electricity prices spiked. The summary forwarded to Sen. Barbara Boxer notes dinners, a Houston trading facility tour, and participation by other energy firms. FERC Chairman Pat Wood defends no undue influence, while California faced price caps delayed until mid 2001. FERC opens a staff probe into possible price manipulation by Enron and others.
Wall Street finished higher with the Dow rising 133.47 points to 9,968.15 as investors shrugged off profit warnings and a probe into Computer Associates. Nasdaq gained modestly while the S&P 500 rose, though the week saw a divergent tech selloff and ongoing earnings worries amid Enron fallout.
The Dow Jones Industrial Average ends at 9 968.15 gaining 133.47 with analysts noting investor worry over tech firm accounting. Computer Associates tumbles 2.91 to 15.99 after confirming federal investigators examine potential earnings overstatements.
Eastern Cornbelt carcass prices ease marginally with 0.5 inch bf 49.25 to 59.81, 0.6 inch bf 49.25 to 59.14, 0.7 inch bf 47.75 to 58.52, 0.8 inch bf 45.25 to 57.85, 0.9 inch bf 45.25 to 57.23. Illinois Direct Hogs range for 1-3 300-400 lbf at 24.00 to 27.00, 400-500 lbf at 26.00 to 28.00, few 25.00, 500-600 lbs at 27.00 to 30.00, few over 600 lbs at 28.00 to 31.00.
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