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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Nov 19, 2002
Page
7
Wheat futures on the Chicago Board of Trade declined as U S export demand remained weak with December wheat down 0 71 cents to 3 82 a bushel. Corn and soybeans edged higher with December corn up 1 percent to 2 43 a bushel and January soybeans up 3 cents to 5 66 a bushel while oats rose to 2 03 a bushel.
Hog prices show 230-260 lb at 25.00 to 25.50 and 260-280 lb at 23.50 to 25.00, sows 18.00 to 21.00 across weights, boars 6.00 to 17.00. Cattle trading moderately with higher slaughter steer and heifer quotes. cows insufficient to establish a market. Slaughter steers 1050-1350 lb 64.50-65.00, 1050-1250 lb 63.50-64.50, 1000-1200 lb 62.50-63.50. Slaughter heifers 1000-1300 lb 64.50-65.00, 1000-1200 lb 63.50-64.50, 900-1100 lb 64. (Note: final figures may vary. reporting hex)
Organized labor widens pressure on Wal-Mart to raise wages and improve conditions with civil rights religious and women's groups. Rallies are planned in 40 cities amid claims of intimidation and lawsuits while Wal-Mart defends its pay benefits and direct store relations.
Stocks fell amid war anxiety and a weak Wal-Mart outlook as traders paused after six weeks of gains. The Dow slipped 92.52 to 8486.57 while the Nasdaq slid to 1393.69 and the S&P 500 eased to 900.36. Wal-Mart warned November sales would be at the low end of estimates, tempering optimism from retail data.
Dow Jones ends at 8,486.57, down 92.52 from prior close. Major indices retreat with S&P 500 at 900.36, Nasdaq Composite at 1,393.69, and NYSE Index at 478.28. NYSE revised volume totals reach 1.27 billion. after hours data listed as na.
United Airlines announces further layoffs pay cuts and flight reductions to avert bankruptcy. pilots ratify 2.2 billion in wage savings over five years and 95 percent of 8800 pilots approve. Salaried staff will share 1.3 billion in cuts as part of a 5.8 billion package aimed at stabilizing finances and seeking a government loan guarantee.
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