October sales decline signals slowdown for economy
Washington reports a 0.2 percent drop in seasonally adjusted retail sales to 213.7 billion in October, the second straight decline, with auto sales down about 2 percent while department stores, clothing shops, and drug stores posted gains. Producer prices rose 0.1 percent, with food costs up 0.4 percent and meat and egg prices slipping. economists debate whether the slowdown hints at a cooling economy ahead of holiday spending.
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Washington
Commerce Department
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Dow Bounces as Tokyo Dives on Weak Asia Markets
U S stocks rose Friday with the Dow up about 85 points near 7,572 and Nasdaq climbing as markets outside the United States rebounded. IBM Disney and Merck led gains while Tokyo sank to a two percent year low amid Japan’s economy jump start plan fears. Greenspan reassured Congress that Asian troubles do not threaten U S prosperity, while warning of spillover risks to Japan and China.
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Norman Robertson
Smithfield Trust Co
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Bruce Steinberg
Merrill Lynch
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Jerome Levy
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Alan Greenspan
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Kidron Livestock Auction Totals From Thursday Sale
consignors offered 2,206 head across hogs calves cattle sheep and dairy cattle along with 108 loads of hay and straw. hogs ranged 30 to 48 per cwt with sow and feeder pig prices noted. calves bulls and cows listed with multiple weight-based brackets. horses hay oats firewood and barcom prices included.
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Kidron
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