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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Oct 10, 2001
Page
6
U S stock averages drifted as fall harvests and technical consolidation weighed on Wall Street. S and P 500 eased to 1056.75, Nasdaq down 35.76, Dow-like indexes mixed with NYSE volume strong. In Chicago futures corn fell to 2.13 a bushel, soybeans to 4.51, wheat rose to 2.74 as traders watched harvest progress.
AP dispatch notes weak barrows and gilts with prices down around 0.50. Belted fat hogs by size show 0.5 to 0.9 inch fat at roughly 52.50 to 65.14, with Illinois direct purchases totaling 20,856. Demand listed as light to moderate for a moderate to heavy run. Prices detailed for 300-400, 400-500, 500-600, and over 600 pound ranges, plus boar values.
On a cautious day for Wall Street investors pulled back moderately after a Supreme Court ruling on Microsoft. The Dow fell 15.50 to 9052.44 while Nasdaq had five straight gains recently amid Afghanistan strikes and political jitters. Microsoft dropped 3.48 to 54.56 as the court declined to hear its antitrust appeal.
Federal judge ruled El Paso Corp did not illegally inflate California natural gas prices during the energy crisis, though two subsidiaries violated contract award rules. The California Public Utilities Commission and utilities alleged artificial shortages boosted prices, but the decision attributes high prices to demand and actual shortages, not price manipulation.
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