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Southern Illinoisan in Carbondale, Illinois

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Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jan 01, 2003

Page

5

Stocks end three year decline as 2002 opens with gloom

Wall Street wraps a dreary year with the Dow slipping 16.8 percent for 2002, the Nasdaq dropping 4.02, and the S&P 500 up marginally as investors fear terrorism, war, high oil prices, and widespread accounting scandals.

New York Wall Street Mike Kayes Eastover Capital Charlotte N.C Conference Board Iraq North Korea Dow S&p Charles G. Crane Victory Sbsf Capital Management Eastover Kayes

Government urges funds to file suspicious activity reports

U S Treasury the SEC and the Federal Reserve proposed mutual fund companies file reports on suspicious transactions to catch money laundering by drug dealers terrorists and others. If adopted funds would align with banks and other financial firms already required to file such reports under the USA Patriot Act. A draft recommendation notes similar rules to banks may be offered soon. The Securities Industry Association declined comment.

Washington Treasury Department Securities and Exchange Commission Federal Reserve Securities Industry Association Congress

Stockyards Springfield reports carcass prices and hog bids

Eastern Cornbelt carcass prices range from 39.50 to 48.28 per 0.5 inch bf across thicknesses 0.5 to 0.9. Today's negotiated purchases total 8,438. Illinois Direct Hogs Laws show steady trade with light to moderate demand. US 1-3 hogs by weight tiers from 300 to 600 pounds fetch 17.00 to 24.00. boars under 300 pounds 12.00 to 20.00, mostly 16.00 to 18.00, over 300 pounds 4.00 to 7.00.

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Wheat futures tumble on CBOT amid fund selling

In Chicago grain trading, wheat for March delivery dropped 4 cents to 3.25 a bushel as funds sold late in a shortened holiday session. Corn for March held at 2.353/4, oats fell 0.5 cent to 2.0175, while soybeans for January rose 3.75 cents to 5.695 per bushel.

Chicago Chicago Board of Trade

Also Mentioned on This Page

Standard & Poor Ange Springfield Illinois Herrin Jenny’s W. Main Marion Pelle ShawneeLink Shawneelink.net
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