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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 31, 2003
Page
5
April consumer spending fell 0.1 percent from March amid weak income growth and job concerns. The Commerce Department cited stagnant wages and a rise in the jobless rate to 6 percent, with economists warning continued weakness could hinder a broader economic rebound.
Golden Stream Quality Foods of Fishers Indiana recalls about 6000 eight ounce packages of Island Crunch Mix after routine FDA checks found undeclared cashews in bags not listing them among ingredients. No illnesses reported and refund offered. best by dates 100303 to 050504.
President Bush nominates Paul S. Atkins to an additional SEC term through June 2008. Atkins, a Republican commissioner, would join Chairman William Donaldson and Cynthia Glassman in the agency, with Senate confirmation pending.
Wall Street posted a third straight monthly gain with a Dow of 8,850.26 up 139.08 as consumer sentiment and Midwest manufacturing improved. The Nasdaq rose to 1,595.91 and the S&P 500 reached 963.59 amid broad gains and rallying volumes.
Technically motivated selling pushed soybean futures lower on Friday at the Chicago Board of Trade. Prices finished narrowly mixed as soybeans retreated in the closing hours amid quiet trading and modest profit taking.
Wheat for July delivery rose to 3.24 a bushel while July corn fell to 2.44. July oats climbed to 1.47 a bushel and July soybeans declined to 6.24 a bushel.
Eastern Cornbelt carcass prices closed weak to 0.50 lower with 0.5 to 0.9 inch bf ranges from 50.50 to 65.53. Today's Illinois direct hog purchases show steady trading and light demand for lunchroom-like offerings. Car- loaders reported 1 3 300-600 lb weights trading at 24.00 to 30.00, with boars under 300 lb at 22.00 to 27.00 and over 300 lb at 6.00 to 8.00.
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