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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jul 26, 2011
Page
5
The July 25 2014 market diary shows the NYSE with 576 advances and 2 474 declines and 72 unchanged on volume of 3.2 billion shares. The Nasdaq diary lists 600 advances 2 006 declines and 85 unchanged on volume of 1.6 billion shares.
Gov. Pat Quinn defended signing a budget that he says does not fully fund 12 of 14 agencies and cancels $75 million in raises for about 30,000 state workers. He cited sparse funding from the General Assembly and noted payroll shortfalls through year end.
Roberts reports off road and frontage work south of Illinois 13 is underway while utilities relocate. A fiber optic shortage delays some lines but crews push ahead to keep on schedule. Phase three will add an overpass over BNSF tracks near Illinois Star Centre mall and improve Skyline Drive intersections with an estimated 38 million cost.
New York prices show AES Corp at 12.88, Amr 41.16, Exxon 84.57, Pfizer 19.81, Wells Fargo 28.95, and Apple and Microsoft among notable names. Strong trading in Bank of America 10.01, Coca Cola 69.26, and JPMorgan 41.69. other active issues include Caterpillar 103.80 and Chevron 108.10.
Wheat for September delivery declined 3.75 cents to 6.885 a bushel while December corn fell 11 cents to 6.745 a bushel. December oats slipped 1.5 cents to 3.635 a bushel and November soybeans dropped 16.25 cents to 13.72 a bushel.
Hogs trading steady to moderately active with gains. Barrows and gilts up about 2.00 with 230-260 lb at 64.50 to 65.00 and 260-280 lb at 63.00 to 64.50. Sows higher by 4.00 to 5.00. weights 300-400 lb at 54.00, 400-500 lb 54.00, 500-700 lb 58.00. Boars over 300 lb 21.00, under 300 lb 38.00. Cattle market not established due to insufficient numbers.
The two leaders spoke in rapid remarks signaling no imminent compromise as August 2 nears. Obama seeks a one vote increase of at least 2.4 trillion and spending cuts, while Boehner proposes a two step process with a second vote tied to further cuts. The talks aim to avert default and stabilize a fragile economy.
Police and SIU investigators searched Kirkwood's home on June 7 under a Jackson County warrant. Councilwoman Jane Adams condemned the search as overreaching. Kirkwood says he never recorded a January conversation with Cole, despite a report claiming he did. Police seized a phone, two USB drives, 15 data discs and an MP3 player with no incriminating evidence.
Jerry Costello II takes the seat for the remainder of Reitz's term ending January 2013 at a Waterloo ceremony. He defends the Costello name, pledges honesty, and thanks supporters as Monroe County Democrat leaders call the appointment fair. Costello, a former police officer and Gulf War veteran, is a financial adviser with Huntleigh Securities.
Costello says his son plans to seek appointment to former state Rep. Dan Reitz's seat and likens it to his own Army paratrooper choice. He notes the name helps but warns the son must earn his own path on the ballot. The elder Costello praises the willingness to serve during tough times and recalls county party support.
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