IRS seeks outside collectors to chase overdue taxes
The IRS told lawmakers it cannot pursue all unpaid bills and hopes private agencies will handle a portion of the 78 billion dollars in potentially collectible debt. About 18 billion is owed by taxpayers who can pay if asked. The plan would let private firms pursue up to 2.6 million cases annually, with the IRS not surrendering enforcement powers.
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Market Watch May 13 2003 Dow Jones and Nasdaq data
Market watch for May 13 2003 shows Dow Jones Industrial Average at 8679 25 with 53009 as base, S P 500 at 049 30 and Russell 2000 at 419 23. Nasdaq diary lists advances 1634 new highs anonymous declines 1498 unchanged 560 volume 1820580497.
Closing Stock Prices In New York Market Report
New York stock prices show mixed results for active stocks with Citigroup and AT&T among large movers. Highs and lows are listed along with daily changes, reflecting broad activity across technology, finance, and consumer goods companies.
Grain futures inch higher as CBOT delays trade start
Chicago wheat, corn, soybeans eased with slight gains after two hour session delay caused by a new trade management system glitch. Wheat July at 3.3125, corn 2.5275, oats 1.54125, soybeans 6.44125 per bushel amid thin fund buying and lingering correction talk.
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Stockyards Springfield Eastern Cornbelt carcass prices rise firm
Eastern Cornbelt carcass prices closed firm to 0.50 higher with 0.5 to 0.9 inch backfat ranges from 50.50 to 64.26. Today's Illinois Direct Hogs show 17,240 head traded as demand remains light to moderate and prices for 1 to 3 300-400 lb hogs from 25.00 to 27.00, 400-500 lb from 26.00 to 29.00, 500-600 lb from 28.00 to 30.00, and over 600 lb up to 32.00. Boars under 300 lb 24.00 to 27.00, over 300 lb 5.00 to 8.00.
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