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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 05, 2003
Page
5
Chicago trade notes wheat gains as U S government imposes a 3.9 percent preliminary tariff on Canadian wheat to offset subsidies. Corn edges higher while soybeans fall on rumors of canceled shipments. May prices: wheat 3.19, corn 2.36, oats 1.94, soybeans 5.71.
Hogs at Stockyards Peoria see moderate activity with barrows and gilts up by .50. Prices for 1-2 230-260 lb range 33.50 to 34.00, 2-3 260-280 lb 32.00 to 33.50. Sows steady across weights with 300-400 lb at 21.00, 400-500 lb at 22.00, 500-700 lb at 24.00-25.00. Boars: Over 300 lb 6.00, under 300 lb 26.00. Cattle none.
Wall Street slumped as the Dow fell 132.99 to 7,704.87 amid renewed war and terrorism fears. Analysts cited a Philippines airport bombing killing at least 19, with one American among the wounded, and worries a U S led attack on Iraq could derail the fragile recovery.
The Dow Jones Industrial Average closes up 132.99 at 7704.87 after trading around 7800 amid broad gains. Other major indexes show mixed results with S&P 500 down 12.82 to 821.99 and Nasdaq Composite dipping to 1307.77. The NYSE and Wilshire 5000 post notable moves, while the Russell 2000 falls 2.80 to 356.51.
Martha Stewart Living Omnimedia reports a quarterly loss of 2 million dollars for the period ending December 31, 2002, versus a 5.7 million dollar profit a year earlier. The company also warns of continued advertising declines and a challenging outlook despite beating fourth quarter expectations.
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