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The Pantagraph from Bloomington, Illinois • Page 30

Publication:
The Pantagraphi
Location:
Bloomington, Illinois
Issue Date:
Page:
30
Extracted Article Text (OCR)

The Pantagraph Saturday, April 26, 1997 COMMODITIES Friday, April 25, 1997 Futures options DIAL From CI In addition to regularly calling her boyfriend Robert in Florida and cousins in Puerto Rico, Rivera also buys calling cards and money orders at the shop. Here's how telefonicas work: sengers go into a booth; some shops; have just one or two, some as many as 20. They make their calls, then tell an attendant which booth they used. They usually pay in cash. i Most are open from 8 a.m.

to mid' 1 night and offer local, long-distance i and international calls, with rates to Africa, Asia and Latin America prominently displayed at the cost per minute: Dominican Republic, 45 cents; Puerto Rico, 30 cents; Haiti, 75 cents; Kenya, and Hong Kong or Israel, $2.39. Most shops add a service charge of a dollar or two. Quezada said her only complaint is that the booths aren't very private. Most have carpeted walls but are not i completely soundproof. "People can hear you, you know.

If I want to say something that's pri' vate, they listen," she said. side is that you don't lose yield potential as you do with some resistant varieties," said Noel. "The bad side is that other races build up after planting the same resistant germplasm over a long period." Of about 16 known SCN races, usually one race is predominant in a soybean field, Noel said. Planting the same resistant variety over time results in reducing the predominant race and encouraging other races to flourish. The ideal management approach would include rotating soybean varieties with different combinations of race resistance.

Noel believes improved SCN race identification can greatly assist soybean breeders in developing improved resistant varieties. "The first step is to identify the races. Then resistant varieties could be developed, or resistance could be incorporated into a germplasm," said Noel. "Our data from long-term field studies indicate that rotating resistant genes from different sources and knowing the expected reaction of a specific SCN population could allow growers to extend the effectiveness of resistant varieties currently on the market." SOYBEAN From C1 todes to an amino acid, or protein, soup. Once the specimens.are amplified radioactively, genetic patterns become clear.

"An Iowa researcher using the method told us she believed AFLP could do in 16 months what a previous test could do in four years for a quarter of the cost," said Noel. SCN attacks soybean roots, resulting in plant stunting, yellowing or marginal leaf burning. However, some growers do not see visible symptoms if their fields contain rich soils that can mask effects of the infection. SCN begins to cause economic damage when 300 nematode eggs exist in about a cup of soil. To manage SCN, growers should first collect soil samples right after harvest and have them analyzed for nematode presence.

Then infested fields can be rotated to corn to reduce populations and planted to resistant soybean varieties. "Ninety-five percent of commercial soybean lines contain resistance from a single germplasm. The good CORN (cents per bushel) Strike Cloaa price 294', 270 Call 26V, 19V, 13V, ev, 5 29V, 23 19 15V, 12 28V, 23V, 19', 16 13V. Put 2 '4 8 14 21 7V, 11V, 16 22 29V, 10V, 15V, 20 27 33 Jly 28U 290 300 310 260 270 280 290 300 260 270 280 290 300 Sep 282V, 278', SOYBEANS (canta per buahal) ainaa Cloaa 867', price Call 55 42 31V, 23V, 18 63 50 39 31V, 25 65V, 51 40V, 31V, 25V, Put 14 25 39 55V, 75 21 33 47V, 64 82 18V, 29 42 58 76V, Jly 850 875 900 925 800 825 850 875 900 650 675 700 725 750 Aug 842', CATTLE LIVE (canta par pound) Strike Close pries Call 1.57 1 02 062 2.90 1 67 3.60 2.35 1.35 Put 075 1 20 1 80 1.20 1 60 2.10 1.25 1.95 Jun 6362 63 64 65 63 64 65 66 68 70 Aug Oct 68.40 HOGS LIVE (canta per pound) Close price Call Put Jun 84.42 83 3.07 1.65 84 2.50 2.10 85 2 02 2 60 Jly 8485 82 4 55 1.72 84 3.37 2.52 86 2.45 357 Aug 82.87 80 487 2 05 82 380 290 84 2.75 Provided by Grain Field Futures FED From CI election campaigns are hitting their stride. In the letter, the lawmakers said they "hear daily from our increasingly anxious constituents" who are worried that interest rate increases mean higher mortgages and credit card payments and lower wages.

Gephardt and his colleagues said the Fed is too preoccupied with curbing inflation that is not the prob LUMBER From C1 work with," Plummer said. "You just can't beat it" The move should be 95 percent complete and the doors ready to open at 7 a.m. Monday, according to Plummer. Livestockmeat Mercantile) Exchange Open High Low Settle Chg, CATTLE 40,000 cents per lb. Jun 63 92 64 30 63 65 64 25 63 87 63 82 64 07 66 40 7020 70 95 .10 .07 .25 .32 .25 Aug Oct Dec Feb 64 00 68.15 69 85 7080 6855 70 25 71 07 72 90 68 10 89 85 70 75 7260 Apr 72 75 72 75 .02 Est.

salea 10.908. salsa 12,054 open int 91,912 FEEDER CATTLE 50,000 cents par lb. May 72 22 73 25 72 22 73.17 .92 .30 .15 .15 .25 .10 Aug Sep Oct Nov Jan 7530 7520 75.55 75.85 75 65 7595 77.45 78.05 77.70 7495 75 55 74 90 75.35 7525 7575 76 95 77 15 77 80 78 05 77 50 77.70 77 15 77 80 77.60 Mar Est. sales 2.698. salea 1 .609 open inl 20,023, up 208 HOGS.LEAN 40.000 cents par lb.

Jun 84.85 84 95 84.17 84 42 84 85 8267 75 97 72 90 71 40 67 50 .95 .67 .22 .17 .45 .22 .05 Jul 85 00 82.70 76.00 73 10 85.10 8305 76.00 73 10 71 62 67 60 73.05 71 10 84 40 82 35 7540 72.55 Aug Oct Dec Feb Apr Jun Jul 71 62 67 52 72 75 70 50 71.05 67 30 72 75 70.50 7305 71.10 .05 .60 Est. salea 8.191. sales 16.860 Thu open int 39,186, up 3,579 PORK BELLIES 40,000 cents per lb. May 9520 9520 92.12 9220 292 91 65 2 82 89 47 1.90 77.02 1.27 Jul 94 95 92 00 79.50 7605 72 00 7200 9170 89 42 77.02 Aug Feb Mar May Jul Aug 92 10 79 50 1.95 67 00 National slaughter Under Fed. Inap.

Estlmatea per 1 ,000 Cattle Calvea Hoga Sheep Frl. 131 130 131 529 516 528 5 5 5 23 25 23 321 349 351 1,267 1,387 1.406 14 13 17 53 56 65 Wk ago Yrago Wk to date Pd last wk Pd last yr (actual) Metals (spot prices) Aluminum (lb.) J0.712 1 1900 342 25 4.735 377.00 Copper (cathode, U.S.) Gold (troy ounce) Silver (troy ounce) Platinum (troy ounce) Call CITYLINE for stock quotes, commodities, reports and other timely financial reports Call 829-9000, enter 9000 SPRINGFIELD Barrows and gilts: Are 1.00 higher; demand unevenly moderate to good for a light run. 1- 2 230-260 lbs. 56.50-57.50, few 58.00; 2-3 230-260 lbs. 55.00-56.00.

Sows: Steady 1-3 300-400 lbs. 40 400-500 lbs. 43.00-46.00, few 450-500 lbs. 47.00; 500-600 lbs. 46.00-50.00; few over 600 lbs.

48.00-51.00. Boars: 36.00-42.00. mostly 37.00-41.00. not return calls seeking comment But Ed Rensi, president of McDonald's domestic division, recently sent a letter to franchisees urging them not to raise prices. "Our customers know when we're offering real value and they know when we're being greedy," Rensi said in the memo, obtained Friday by The Associated Press.

Rensi also attached a 1977 memo by company founder Ray Kroc that also warned against raising prices. Kroc wrote: "Let's let our competition make the mistake of seeing how high they can raise their prices while we continue to do what made us successful in the first place." Office Madison. Wl 53783 1 rST-H Produce Chicago Eggs: Midwest Egg market quotations from the Mid west Egg Producers Co-operative: Class 1.51; Class 2 Class 3 Class 4 breaking stock .45. Butter: Friday prices were unchanged. Grade A 80.00-81 Grade AA 91 PEORIA Hogs: 450 head barrows and are steady to 1.00 higher.

1-2 230-260 lb 57.50-58.00; 2-3 260-280 lb 55.50-57.00. Sows: All weights are steady: 300-400 lb 44.00; 400-500 lb 46.00-46.50; 500-700 lb 48.00-49.00. Boars: Over 300 lb 41 under 300 lb 42.00. price increases "of a penny here and penny there" at some time in the future, but that wouldn't be because of the Campaign 55 promotion. "It would be in response to the cost of business, minimum wage rising, real estate taxes, going up," Dobski said.

McDonald's executives say franchisees will make up for the loss in profits through additional customer traffic. But some restaurant owners are concerned customers will merely switch from other large sandwiches to the discounted one and purchase small drinks and fries, which are less profitable than larger combinations offered under the Value Meal program. A McDonald's spokeswoman did j0 Minding our business GrainsOils Central 111. Cash Grain Com, No. 2.

Bunt. No. 1 279-2 84 8 31-4 35 2 87 8.51V.-S.S6 Board of Trad Opan High Low SMI Chg. 1 WHEAT 5,000 bu minimum; cants par buahal May 425V, 4.27 420 423V, 02 Jul Sep Dec Mar 428 435 4 34 4 39 4 45 4 49 442 448 393 394 4.24 4.32V, 4.27V, 4.38V, .09 4.38 4.46V, 442 446 03 3.92 3.94 .02 Jul aalaa 33.393 open Inl 88,832, up 783 CORN 8,000 bu minimum: canta par bushel May 2.94 2 99V, 2.92V, 2.94', .00 .00 Jul ZSK ii.Wf, ii.94 2.947, 2 83 2 86 2 81V, 2 82V, 2.79V, 2.81V, 2.77V, 2.78V, 283V, 2.85V, 283 2.83 Sep Dec Mar May Jul Dec 2 87V, 2 88V, 2.87 2 90V, 2.92V, 290 273 275V, 2.73 01 2.90 2.73V, 00V, mu.i sales 106.110 1 open mt 329,094 OATS 5,000 bu minimum; cants par buahal May 1.73', 1.75 1.72V, 1.72 .0 Jul 167', 168V, 166', 1.66 Sep 166', 166', 164', 1 .64 00V, Dec 1.65V, 166', 1.65 1.65 sales 1,451 Thu. 8 open Int 10,407 SOYBEANS 5,000 bu minimum; canta par buahal May 8 52 8.73V, 8 47V, 8 67 20 Jul 8 52 8 74 6 48 8.67V, Aug Sep Nov Jan Mar Jul 8 30V, 8 46 8 28 8 42V, .14 7.56 7 67V, 7 54 7 64', 6 95', 701 693 6 98 .03 7.01 7.06 6.98V, 7.03V, .03 7.03 7.08V, 7.03 7.08V, .03 7.09 7.13 7.09 7.09V, Nov 668 670 6.68 6.70 Thu.

sales 56,433 open inl 182,478, up 1,186 SOYBEAN OIL 60,000 Iba; canta par lb May 24 92 2520 24 91 24 97 Jul 25 50 Aug 2560 Sep 25 65 25.65 25 80 25.80 2585 2600 25 33 25 45 25.47 25.61 2558 2572 25 50 25 74 2567 25.82 Oct 2555 Dec 25.75 Thu. sales 16.471 Thu 's open Int 101,283 SOYBEAN MEAL 100 tone; dollars par ton May 274 70 282 70 273 00 281 60 8 60 Jul 272 70 280 20 271.20 278 50 7.70 Aug 264 50 271 00 264 20 269 00 6 30 Sep 249 50 256 00 249 00 254 00 6 00 Oct 227 80 228 80 225 70 228 30 1.60 Dec 221 00 221 00 218 80 219 80 .40 Jan 218 50 218 50 218 00 218 20 60 Mar 216 00 217 00 215.10 215.10 1.20 sales 27,770 open int 1 1 3.654, up 2,433 Livestockmeat EAST ST. LOUIS Hogs: 450 head barrows and gilts are 1 .00 higher. 1-3 230-260 lb 58.00; 2-3 260-310 lb 53.50-57.50; 200-230 lb 52.00-54.00. Sows: Steady; 300-500 lb 41 500-600 lb 48 over 600 lb 50.00.

Boars: Steady; over 250 lb 39.00; under 250 lb 41.00. Cattle and calves: None. 55 From C1 no immediate plans to raise the price of drinks or fries at his restaurants. He said the Big Mac promotion began at his restaurants Friday, joining the breakfast sandwich promotion that has been running since April 4. Dobski said research shows people want a certain amount of food and if enough customers order larger servings of fries and larger drinks along with the 55-cent sandwiches it should provide a "sustainable" profit margin.

"We're going to take a month and see what the product mix is," said Dobski. "We don't anticipate people downsizing just to get a sandwich." Dobski said he wouldn't rule out Farm briefs Cattle winners named Kagney Collins of Flanagan showed the reserve grand champion and grand champion Simmental heifer at the first annual spring showdown sponsored recently by the University cf Illinois Hoof Horn Club. Other Pantagraph area winners included Mandy Bauman of Eureka, grand champion Angus heifer; Matt Short of Lincoln, grand champion Hereford heifer; and Georgia Fairfield of Foosland, reserve grand champion Simmental heifer. In the steer show, Rob Duis of Mahomet showed the grand champion Angus steer; Dan Luckach of Streator, grand champion Hereford steer and reserve grand champion Shorthorn steer; and Mindy Bauman of Eureka, reserve grand champion Angus steer. Seventy-four heifers and 48 steers were shown with more than $2,000 in prize money awarded.

fi 4 HITACHI Quality at the Absolute Lowest Price! mi oz 'I 1 MITSUBISHI From C1 March, he said. In addition, the sales unit is finalizing plans for an early 1998 intro into Canada, he said, ultimately resulting in a sales increase. Finally, said Kosowski, MMSA has set it "most ambitious goals for diversifying its dealer body, with special emphasis on reaching out to women, blacks and other minorities. Currently, he said, 9.9 percent of MMSA franchise owners are minorities and the company want to increase that to 15 percent. Mitsubishi expects the sales unit to swing to a profit in the second half of 1997.

The production unit also is expected to return to profitability after losing $50 million last year. Mitsubishi said the problems at the U.S. sales unit were held in check, to an extent, by favorable exchange rates that resulted in a gain of 64 billion yen. It also cited strong sales in Japan. Higher vehicle sales volume, an improved product mix and cost cutting have also helped the parent company's earnings, Mitsubishi said.

The company is expected to report full-year financial results late next month. 1 In this self-service, carryout world, isn't it nice to know that some things come home-delivered? For early morning delivery, call 827-READ Toll-free: 1-800-747-READ For more circulation information, call 829-9000 and enter category 1400 on your touch-tone phone. The Pantagraph Isn't this nice? Call me for all your insurance needs AMERICAN FAMILY AUTO HOME BUSINESS HEALTH LIFE CHARLOTTE BROWN 303 E. Landmark Dr. Normal 454-1788 1995 American Family Insurance Group Home lem it once.

was and that interest; rates serve mainly to enrich banks and Wall Street speculators at the expense of working people. Although Democrats are leading the campaign against more rate increases, some Republicans are grumbling as well. Rep. Jim Saxton, chairman of the Joint Economic Committee, said the Federal Reserve should "clarify the basis of current monetary policy" and that interest rate hikes are not warranted given that inflation is in check. Store hours will be from 7 a.m.

to 9 p.m., Monday through Friday and a.m. to 3 p.m. Saturday. The store will be closed Sunday for the next five or six weeks, but will be open from 9 a.m. to 3 p.m.

that day after' the grand opening sometime in June. RP Lumber currently has 20 locations throughout the state and is looking to add six to eight more in the next year, Plummer said. local business every Monday in the Business section. Bird Coronet Model! 1G30 List Price $2050 Sale Price 'implicify KAUFMAN SALES SERVICE 1001 S. Morris Ave.

Bloomington (309)828-5810 crisp front-wheel drive, we'll throw in a potent Block West 454-1101 Regent i -J- Model HG38 i List Price $2350 Sale Price ycZn Lilt kML. wnL -r Mo Monet Down, Payment TH Sept. '97 DIGITAL SATELLITE profiles a The Earl Gets The huge rebates and financing until Sept. '97 Route 150 South, Bloomlngton M-F Sat. 8-2 (309) 662-9321 Cabriolet's leather-trimmed upholstery, superb stereo, Z2k Broadmoor 5 up and Rebates SunStar CLr Rebates jics UUU liry and $(o(oY Starting At XJ D2 PRIMESR Complete Financing Days Same As Cash i Local Channels Installation UPERIOR ATELLITE With Programming purchase.

90 1 202 eldorado rd. BLOOMINGTON i ii. ii. i inn ii ii ma limn TIRED OF LOW CD RATES? Consider 1st Mortgage Church Bonds issued by American Church Trust Co. of Houston, Texas FOR New Horizon Christian Church in Heyworth, IL Lto(5rtrrrrrii7CGT? rxrsi liiiifGnrc- i it nilifni1 Iin 1r it iniir lr4MMirfi-f Deal with it, BMW and Saab.

Along with the Audi 1 72 hp V6 engine. Ask that of other European marques for the same price, and they II discount your power needs with a 4-cylinder that's plain wimpy in comparison. So for a convertible with an engine with some punch try an Audi Cabriolet. But soon. They'll go fast.

GOOD The Audi Cabriolet. Audi SCHEDULED MAINTENANCE NO CHARGE Sample Maturities Z-3 Year Simple Interest (Paid Semi-Annually) at OR Year Compound Interest at 9 Htmr AmltmM DMbr' 3 MILE SERVICE OPEN SAIUHUAI5 SUD's Bonds are dated 3197 and will sell at par. Tor Prospectus and a list of Remaining Issues Call 309-473-2716 Veterans Parkway to Fort Jesse, 1 1-800-345-1679 Bloomington-Normal.

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Years Available:
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