The Baytown Sun (Baytown, Tex.), Vol. 78, No. 282, Ed. 1 Sunday, September 3, 2000 Page: 9 of 30
thirty pages : ill. ; page 17 x 10 in.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Sunday,September 3,2000
The Baytown Sun , 3B
'__________Business ___
Report: South’s job growth, wealth rely on ‘new economy’ cities
By DENNIS PATTERSON
The Associated Press
RALEIGH, N.C. — The South is
adding jobs at a record pace, but its
economy is increasingly dependent
on a few “new economy” cities, a
nonprofit research group says in a
new “State of the South” report.
MDC Inc., based in Chapel Hill,
traditionally has been an advocate
for rural areas and community col-
lege expansion, said Ferrel Guillo-
ry, a co-author of the study. But the
new report urges Southern leaders
to pay more attention to the cities
that are their economic engines and
the universities that fuel high-tech '
jobs.
“We’ve got to keep our hyper-
growth, new-economy cities
healthy because we’re increasingly
dependent on them economically,”
Guillory said.
The report described these cities
as “the amalgam of core city, sub-
urbs, office-and-research parks and
nearby towns that form a unified
economic entity” that “sprawls
across traditional municipal, coun-
ty and even state boundaries.”
Employment in five of the
South’s 22 largest metropolitan
areas grew more than 100 percent
from 1978 to 1997, the most recent
year for which figures were avail-
able, the report said. Ten more
metro areas did better than the
national average metro increase of
45.5 percent.
Orlando, Fla., led the way with a
150.6 percent increase, from
374,684 jobs in 1978 to 938,944 in
1997. The Austin-San Marcos,
Texas, area was second at 150 per-
cent, followed by West Palm
Beach-Boca Raton, Fla. (121.3
percent); Raleigh-Durham-Chapel
Hill (113.3 percent); and Atlanta
(105.3 percent).
Jobs grew by 63.7 percent over-
all in Southern metro areas com-
pared to that national average,
while the increase in non-metro
areas was only 28.9 percent in the
South, 30.3 percent nationwide.
“We really are two Souths, in
many different dimensions,” Guil-
lory said. “We have the Raleigh-
Durhams and Austins and Atlantas
that are speeding ahead, while
other cities do not.
“And we have some rural coun-
ties that are being pulled into the
orbits of the fast-growing urban
regions,” he said. “Those rural
counties are doing much better
economically. But other rural coun-
ties are falling farther behind
because they don’t have the inter-
state highways and other infra-
structure.
“You have gaps within gaps.”
MDC has issued State of the
South reports every two years since
1996. The research group has been
studying changes in the South
since 1967.
The latest report indicates that
the South has reduced its reliance
on traditional low-wage indus-’
tries and is adding new jobs
faster than any other region of the
country.
“The overall message is that the
South, in many measures of eco-
nomic and social well-being, is
doing much better, better than it
has ever been,” Guillory said. “It is
just that in the global economy,
with technology moving so swiftly,
we’ve got to do even better.”
The fastest-growing job sectors
involve “knowledge workers,”
Guillory said.
National employment in infor-
mation technology industries grew
from 4 million in 1994 to 5.2 mil-
lion in 1998, the report said, quot-
ing Commerce Department statis-
tics. IT industries have contributed
to about 30 percent of U.S. eco-
nomic growth since 1995.
But only two Southern states —
Virginia and Georgia — ranked
above the U.S. average of 19.6
information sector workers per
1,000 jobs in 1997. Only Virginia,
Georgia, Florida and Texas out-
ranked the national average of 33.3
per 1,000 in professional, scientific
and technical services jobs that
year. And Virginia, Georgia and
Texas were the only Southern
states at or above the national aver-
age of 46 per 1,000 workers in
high-tech jobs in 1998.
The slow-moving, isolated South
of the past is disappearing in the
global economy, he said.
FAMILY
tt DENTISTRY
Office Hours:
Mon., Tues., Thurs., Fri.
9:00 am - 6:00 pm
Wednesday 10 am-7 pm
6920 Garth Road
Goose Creek Center
(Across From San Jacinto Mall)
Call today to schedule your appointment
r ML Sanguinetti, D.D.S
281-421-5950
Most Insurance Accepted
Care Credit, Meicail AE/MC/VISA
CITIZENS BANK AND MCDONALD’S
Giving you another reason to smile!
1. McDonald’s -1-10 @ 146 - Mont Belvieu
2. McDonald’s - Alexander Dr. - Baytown
3. McDonald’s - Decker Dr. - Baytown
we’ve added 3 new locations for your convenience,
use any u-teller atm and there is NEVER a surcharge for our customers.
Another reason to choose
Baytown’s most convenient bank.
CITIZENS BANK AND TRUST
1300 Rollingbrook
Se Habla 281-427-5771 ___
Espanol www.citizensbankbaytown.com FDN
A NYSE
£ 677.58 +5.05
A Amex
■ 955.78 +20.97
A Nasdaq
B 4,234.33 +191.65
Gainers ($2 or more)
Gainers ($2 on more)
Gainers ($2 or more)
Name Last Chg %Chg
Name Last Chg %Chg
Name Last Chg %Chg
MinoltQMS 4.94 +1.94 +64.6
DonLufJen 88:50+27.38 +44.8
HlthpInSv 3.69 +1.13 +43.9
VjKCS 2.00 +.56 +39.1
Wanes 12.88 +3.13 +32.1
SagaSys 13.38 +3.25 +32.1
SierraHS 3.63 +.88 +31.8
GnData 5.88 +1.38 +30.6
WashHm 9.19 +2.06 .+29.0
LamSes 23.50 +5.25 +28.8
MatecCp 17.88 +8.63 +93.2
Avanirn 6.38 +2.63 +70.0
SevenSeas 2.94 +1.19 +67.9
Genetrngn 2.44 +.94 +62.5
MedixRsn 2.13 +.69 +47.8
Rentech n 2.00 +.63 +45,5
booktechn 4.25 +1.31 +44.7
QC Optics 2.44 +.75 +44.4
Boundls 6.63 +1.94 +41.3
AccessPn 5.50 +1.56 +39.7.
SympDv 9.50 +5.75 +153.3
PacMagtn 3.50 +2.00 +133.3
Omtool 2.19 +1.22 +125.8
lonNetn 5.09 +2.72 +114.5
Firstwave . 5.25 +2.75 +110.0
NotifyTch 5.81 +2.94 +102.2
RdgwdF 14.38 +6.88 +91.7
Entrada 7.13 +3/38 +90.0
CybrSrce 13.95 +6.58 +89.2
Dectron 4.25 +1.88 +78.9
Losers (te or more)
Losers ($2 or more)
Losers ($2 or more)
Name Last Chg %Chg
Name Last Chg %Chg
Name Last Chg %Chg
(JnoRst 8.13 -2.38 -22.6
Pilowtex 2.31 -.56 -19.5
Hertz 25.81 -5.38 -17.2
Tndycft 2.13 -.44 -17.1
Blylh 22.75 -4.25 -15.7
YPFSoc 33.00 -5.94 -15.2
Craig Cp 4.00 -.69 -14.7
BestBuy 64.00-10,63 -14.2
ModisProf 6.13 -1.00 -14.0
Rougelnds 3.50 -.56 -13.9
AdvMag 4.69 -2.88 -38.0
HeartldT 4.88 -2.44 -33.3
Ableauctn 6.50 -1.19 -15.5
BenIPwtB 2.06 -.38 -15.4
Memryn . 2.44 -.44 -15.2
JWGeness 10.06 -1.75 -14.8
ThmFib 4.06 -.63 ‘ -13.3
MercAir 7.00 -1.00 -12.5
OhArt 8.75 -1.13 -11.4
Interlott 10.75 -1.38 -11.3
Gliatech 8.03-18.78 -70.0
Viants 8.19-12.81 -61.0
VirtICun 2.88 -2.50 -46.5
ScientCp s 22.00—12.75 -36.7
Metalcld 2.88 -1.50 -34.3
Netopia 26.88-13.75 -33.8
Casella n 8.38 -4:13 -33.0
Hyprtnwt. 2.00 -.94 -31:9
DiamndTs 55.75 -24.19 -30.3
iXLEntp 8.38 -3.63 -30.2
Most Active r$i or more)
Most Active rsi or more)
Most Active rsi or morei'
Name Vol(00) Last Chg
Name Vol(00) Last Chg
Name Vol (00) Lest Chg
Lucent 993568 43.25 +2.13
AT&T 912432 31.75 +.50
FordMn 812493 25.00 -2.44
ClearChan691272 68.56 -7.44
Nokia s 614716 47.25 +5.75
Compaq 591063 33.81 +.31
Motorola s 574027 35.88 +.38
GenElec s 508970 58.13 -1.25
AmOnlne S482607 57.50 -2.44
Pfizer 450907 43.16 -.66
Nasd100T S636810102.00 +3.69
SPDR 210997152.50 +1.25
DevonE 195680 59.88 +.19
Avanirn 88721 6.38 +2.63
IvaxCps 85073 35.13 +4.22
Xceleras 52579 21.63 +4.00
Nabors 38164 47.75 +.81
EmerR 33520 2.31 +.19
SP Mid 28055 100.75 +263
BiotechTn 27764 202.25 +5.81
DellCptr 1650177 43.06 +4.44
Ciscos 1548619 68.56 +3.06
Microslt 1393750 70.19 -.44
Intel s 1340670 73.94 +1.00
WrldCom S104639236.94 +.88
ADC Tel s 961879 40.00 +2.50
BroadViss906105 39.06 +8.50
Oracle 801098 92.63 +6.00
GlblCrss 776989 35.13 +3.75
JDS Unis 737406 123.81 -1.50
Diary
Diary
Diary
Advanced 1,932
Declined 1,294
New Highs 305
New Lows 96
Total issues 3,511
Unchanged 285
Volume 5,184,836,870
Unchanged 144
Total issues 944
New Lows 37
New Highs 86
Declined 309
Advanced ' 491
Volume 779,665,500
Advanced 2,928
Declined 1,749
New Highs 336
New Lows 178
Total issues 5,114
Unchanged 437
Volume. 7,768,509,500
Nasd
NY .88 31.75 +.50 +1.6 -37.
NY .68 29.50 +1.00 +3.5 +22.'
+41.
.56 54.75 +.63 +1.2 +32.1
.48 22.63 -.38 -1.6 -6.7
.90 25.13 -.94 -3.6 -35.1
2.60 85.47 -1.41 -1.6 -1.3
... 68.56 +3.06 +4.7 +27.9
.56 57.50 +.56 +1.0 +37.7
.68 54.25 -1.75 -3.1 -6.9
.10 33.81 +.31 +0.9 +24.9
.81 18.25 -.75 -3.9 -19.6
.76 25.81 +1.06 +4.3 +4.3
.76 26.96 +1.14 +4.4 +8.4
1.00 12.81 -.38 -2.8 -42.7
1.48 112.53 +.30 +0.3 -2.3
... 43.06 +4.44 +11.5 -15.6
.32 10.19 -.19 -1.8 -58.1
.21 39.00 +.88 +2.3 +33.3
1.16 26.13 -.38 -1.4 -41.3
1.40 45.56 -1.50 -3.2 -30.8
2:20 74.77 +4.33 +6.2 +49.2
... 97.25 +6.13 +6.7 +78.0
+.46 +0.5
.19 2.13 ... ... -393
1.76 82.33 -.61 -0.7 +2.2
- ... 25.00 - -2.44 -8.9 -63
. 25.00 _
.55 58.13 -1.25 -2.1
2.00 73.13 +1.69 +2.4
30.44
.65 30.44 +.25 +0.8 -26.
.10 40.50 -200 -4.7 +47.
1.10
.50
.50 53.65 +1.08 +2.1 +33.3
.64 125.25 +6.50 +5.5 +41.1
.16 48.56 -2.00 -4.0 -29.4
.75 39.44 -.44 -1.1 -31.6
.08 73.94 +1.00 +1.4 +79.8
Amex
NY
NY .10
NY 1.04
+1.00 +1.4 +79.8
+4.63 +3.6 +23.9
-3.4
-2.9
22.44 +.56 +26
7.94 -.13 -1.6
3.63 +4.63 +3.6 +23.
3.75 -4.06 -3.4 -32.7
-2.81 -2.9 -.7
-.19
+.56
-.13
-.31' -1.4 -30.0
-31.1
+18.9
Name
Ex
Dtv
Last
Wk Wk YTD
Chg %Chg %Chg
Lucent
NY
.08
43.25
+2.13
+5.2 -42.3
Lyondell
NY
.90
13.19
+.38
+2.9 +3.4
McDnlds
NY
.20
29.58
-.80
-2.6 -26.6
Merck
NY
1.36
69.19
-3.38
-4.7 +3.0
Microsft
Nasd
70.19
-.44
-0.6 -39.9
MMM
NY
2.32
92.50
-3.25
-3.4 -5.5
Monsn03
NY
2.60
50.06
-.13
-0.2 +51.1
MSDWits
NY
.80
107.69
+6.44
+6.4 +50.9
Motorola s
NY
.16
35.88
+.38
+1.1 -27.0
OcdPet
NY
1.00
22.25
+.81
+3.8 +2.9
Oracle
Nasd
92.63
+8.00
+9.5 +65.4
Penney
NY
1.15
14.69
-.50
-3.3 -26.3
PenzIQS
NY
.75
12.69
-.06
-0.5 +24.5
PepsiCo
NY
.56
42.31
-.44
-1.0 +20.0
PerotSys
NY
10.25
-.50
-4.7 -45.7
Pfizer
NY
.36
43.16
-.66
-1.5 +33.0
Pharmacia
NY
.20
58.38
-.63
-1.1 +64.7
PhilPet
NY
1.36
62.94
+1.25
+2.0 +33.9
ProdG
NY
1.40
61.36
-1.38
-2.2 -44.0
Qualcom s
Nasd
59.25
+.38
+0.6 -66.4
ReliantEn
NY
1.50
37.71
+1.89
+5.3 +64.8
RoyiDut
NY
IV-
62.13
+.31
+0.5 +2.6
SBC Com
NY
1.02
42.94
+1.75
*42 -11.9
SchergPt
NY
.56
40.06
-1.44
-3.5 -5.5
Schlmb
NY
.75
86,33
+.77
+0.9 +53.8
Sears
NY
.92
32.06
+.81
+2.6 +56
Sdutia
NY
.04
15.00
-.56
-3.6 -2.8
SouthnCo
NY
1.34
29.96
+1.58
+5.6 +27.5
SwstAiri
NY
.02
22.13
-1.31
-5.6 +37.2
SPDR
Amex
1.50
152.50
+1.25
+0.8 +3,8
SunMics
Nasd
128.63
+3.88
+3.1 +66.1
TXUCorp
NY
2.40
35.33
+1.39
+4.1 -.6 l"
TncoAutn
NY
.20
6.94
-.38
-5.1 -25.5 1
Texaco
NY
1.80
52.21
-.29
-0.6 -3.9 1
Tycoinds
NY
.05
58.50
+1.50
+2.6 +50.0
USXUSS
NY
1.00
17.19
+.06
+0.4 -47.9 N
UnHevNV
NY
8.00
46.69
-2.44
-5.0 -14.2 A
UPS Bn
NY
.68
55.88
-1.75
-3.0 -19.0- J
Veritas s
Nasd
121.75
+4.81
+4.1 +27.7 p
VerizonCm
NY
1.54
44.06
+.94
+2.2 -28.4 F
WalMajt
NY
.24
49.00
-1.50
-3.0 -29.1 J
Walgm
NY
.14
33.44
-1.25
-3.8 +14.3 j
WelsFrgo
NY
.88
42.94
-1.63
-3.6 +6.2 j
WrktComs
Nasd
36.94
+.88
+2.4 -30.4 R
* When issued, wt» Warrants, ww = With warrants,
id in Bfites at left Moet AcUves musr he worth at least $1
Source: The Associated Press. Sales figures are unofficial.
Dow
Jones
A11.238.78
■ +46.15
for the week
ending Friday,
Sepl. 1,2000
All-time high:
11,722.98
Jan. 18,2000
.
!lp-: pfc;
A
f
Jr
I I
I I
i i
I I
10/1/99
10,000
7/1/00
52-Week
High Low
Name
Wk
Chg
Wk
%Chg
YTD
%Chg
11,750.28 9,731:81
3,176.54 2,260.78 .
367.10 268.59
679.79 572.38
1,043.46 768.11
5,132.52 2,632.01
1,553.11 1,233.70
614.16 406.33
14,734.25 11,446.60
4,969.90 3,737.85
Dow Jones Industrials
Dow Jones Transportation
Dow Jones Utilities
NYSE Composite
AMEX Index
Nasdaq Composite
SAP 500
Russell 2000
Wilshire 5000
Upper Growth Index
11.238.78,
2,712.92
364.98
677.58
955.78
4,234.33
1,520.77
541.91
14,329.94
4,736.07
12-+no
%Chg
-77.25
+9.03
+5.05
+20.97
+191.65
+14.32
+16.80
+238.65
+139.64
+.41
-2.77
+2.54
+.75
+2.24
+4.74
+.95
+3.20
+1.69
+3.04
-2.25 +E45
-8.88 -14.06
+28.80 +14.20
+4.20 +8.26
+8.99 +21.54
+4.06 +48.93
+3.51 +12.05
+7.36 +24.30
+3.74 +16.03
+16.02 +49.19
Total Assets Total Retumffiank Pet Mlnlntt
Obj (tMlns) NAV 4-wk 12-mo 5-year Loed . Invt
Janus: Mercury n
Olympus n
s:Twen n
s:WrtdWn
x Investor: I
tx Investor: (
55,036 33.62 +3.0 +14.3/B +153.7/B 5.75 250
44,479 29.52 +0.9 -2.0/E +121.Q/D 5.75 250
43,142 59.93 +3.5 +19.0/E +160.2/E 3.00 2,500
103,536 142.13 +4.9 +20.6/B +149.2/E 3.00 2,500
16,825 45.31 +9.0 +54.7/A +336.5/A NL 2,500
8,287 57.35 +9.2 +70.0/A NS NL 2,500
33,943 82.95 +8.7 +42.0/B +394.9/A NL 2,500
41,325 81.51 +7.4 +54.3/A +255.3/A NL 2,500
528 41.95 +5.9 +16.080 +247.5/A NL 25,000
2,946 30.11 +13.3 +67.9/A +623.2/A NL 25,000
Cling in NAV with dividends reinvested. Rank: How fund performed vs. otfrers with same objective: A is
Mt Invt Minimum $ needed lo invesl in lund. NA=No! avail. NE = Data in question. NS = Fund nol in s
existence. Source: Upper,
20%. IT
rr, Inc.
In Baytown,
Merrill Lynch can help
you achieve your goals.
281-422-7876
Merrill Lynch
4609 Garth Road
Baytown, TX
be bullish kp Merrill Lynch
When you retire,
I can make sure you miss your job more
than you miss your paycheck
Join us for a Workshop & Dinner
September 12 • 6:30 p.m.
HOFFBRAll
DFFBRAl STEAKS
5075 Garth Road
eptember 10 • Seating
RJS.V.P. by September 10 • Seating Limited
Jennifer Marcontell
3716 Decker
r^^onescom Edward Jones
Member SIPC S«mt bdtttoJ larsH*n Sin i»ji
Ask us about
Tax-Managed
Investing
INVESTMENT PROFESSIONALS, KC.
--
Please call Thayrte Williams, Associate Vkt President
281-576-1918 * 281385.6336
LooUfl pros tom MnwStrtm HU ngt smobi
Are You Aware That Citizens Bank & Trust Co.
DOES Indeed Have A Full Service TRUST DEPARTMENT?
Our Trust Department is .the ONLY full service
trust department in the East Harris County Area
offering a wide range of Estate, Trust,
Financial and Retirement services.
... Another reason to choose vs
CITIZENS BANK L TRUST CO.
1300 Rollingbrook - Raytown, Texas - 281.427.5771 www.ctttzenshankbaytown.o
Serving Baytown Since 1920
Trust Department Services not Insured by FDiC
1 paptoton
sum
The Best Way To Get To Baytown
Read your favorite columns every day in The Baytown Sun
Retail 281-425-8036
Classified 281-422-8323
Lay-offs, Job changes
Early, regular or late retirement
Join us (or our upcoming seminar on
Company Plan Distribution Options
Call or stop by today Septembers
to reserve your seat 6:30 pm
Stephen V. Takach Red LobStef
2223 N, Alexander Dr.
S5S™ Edwardlonw
www.edwardjones.com
—|
t
1
A
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Cash, Wanda Garner. The Baytown Sun (Baytown, Tex.), Vol. 78, No. 282, Ed. 1 Sunday, September 3, 2000, newspaper, September 3, 2000; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1020579/m1/9/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Sterling Municipal Library.