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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 11, 2002
Page
5
New York equities drifted with many blue chips posting small gains and others sliding. IBM, Lucent, and Coca Cola showed modest moves as Interpublic and Broad markets reflected cautious investor sentiment in a day of mixed results.
Chicago prices show mixed grain futures with soybeans dropping early and remaining weak amid concerns about harvest progress and favorable growing conditions. July wheat rises to 2.7824 a bushel, corn steady at 2.0674, oats down 15.75 cents, soybeans down 7 cents. live cattle, lean hogs, and pork bellies post small gains and losses.
Stockyards Peoria reports moderate hog trading with barrows and gilts steady and sow prices steady across weights. Cattle activity includes 150 head with choice slaughter steers and heifers mostly steady, cows not enough to establish a market, with various weight brackets and price ranges.
Wall Street pared gains as blue chips edged higher and tech shares stalled. News of an arrested US citizen plotting a radioactive dirty bomb tempered optimism, though volume remained light. Dow rose 55.78 to 9645.40, S&P 500 at 1030.74, Nasdaq 1530.69 amid mixed earnings and inflation fears.
Adelphia Communications, under SEC probes, fired Deloitte & Touche as its accounting firm and cut 2000 and 2001 revenue figures. The company lowered 2001 revenue to 3.51 billion and 2000 to 2.55 billion, and reduced subscribers by over 47,000 to 5.76 million. It cited $26 per set-top box “marketing support” payments as part of inflated revenue.
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