The Baytown Sun (Baytown, Tex.), Vol. 82, No. 79, Ed. 1 Thursday, February 19, 2004 Page: 5 of 16
sixteen pages : ill. ; page 21 x 11 in. Digitized from 35 mm. microfilm.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:
Total AsMtt
Obj (WHIna)
■Hn*1
_
E
20.09
13.72
<47
34.06
4730
734
47.90
8157
2836
17.40
4439
3224
624
27.50
10.50
86.62
2459
<56
5124
26.50
68.18
951
107.19
34.14
28.67
26.71
<50
<15
21.81
1427
19.92
2138
41.80
1439
32.75
<89
37.40
3027
30.95
23.51
35.89
35.77
30.60
98.42
39
51.00
i.Iweniy
r.WiWN
i IM,I
MP
tc
LV
XG
LC
LG
LG
a
LC
XG
+352®
+36.44)
+38.10
+3320
+42.CMA
+37.97A
<32.90
+38.50
♦57.6/A
+<.1O
5.75
5.75
5.75
NL
NL
NL
NL
NL
32,854
59,327
56,528
36,096
67,678
10,532
225
976
250
2,500
2,500
2500
2,500
2,500
2500
25,000
25,000
+46.2/A
+28.4/A
+2656
+19.66
-3.40
-1.36
-226
-24.90
<0.60
-24.46
-27.96
17.55 <0.8
29.76 +1.1
29.77 +1.7
51.06 +1.6
101.02 +15
2038 -0.9
27.02 -2.0
3757 +2.1
41.63 +1.1
24.84 +1.8
1021 -2.9
ixKm£*S<i xv6.— -j. —-j—.
ng In NAV w* dwidends niMsiad Rale How taid pertained w ofws w»i same cbjediw: A is in kp 20%. E ti beam 20% Mh
I hrtMrtnumt needed tihwstntaid. NA = Not HE=OsSi in ques>cnHS=Find nananstaaSaate: Lipper, ac...
. pl = Mmd.
iaz
Name
YTD
Ex Div Yld PE Last Chg %Chg
£
Advanced
Declined
Unchanged
Total issues
New Highs
New Lows
Volume
1,324
1,872
271
3,467
210
9
1,756,236,304
Amex
2,076.47 -3,88
1,264.43 -11.23
15.46 +2.42 +18.6
Novate!
-6.4
ACIaim
PDIInc
KosPhr
NtMercpf
RuriCeKAr
FXEner
PacWest
NvtWris
TORMn
+8.7
+7.9
Gainers (92 on now)
Name
JB Oxford
Rambus
41.80 -3.61
3.55 -.27
6.78 -.52
3.96 -.29 ..
3.74 -.26 -6.5
IntBioPtin 1025 -.70 *’
Last Chg %Chg
4.90 +1.52 +45.0
34.93 +9.09 +352
CritPathrs 2.62 +.60 +29.7
51.46+10.16 +24.6
20.60 +3.90 +23.4
637 +126 +22.1
IndSrvAm 1350 +2.40 +21.6
GranCFun 7.11 +121 +20.5
Biogenldc 53.23 +857 +203
Last ChgSChg
225 -.45 -16.7
2.26 -.30 -11.7
3.70 -.35 ‘'
Gainers (32 on »oet)
Name
Congotoi
MauiLnd
MorgnF
HearUSA
EovirTec
DanIHd
Analexn
EZEM
Wellco
Na— Leet an Wl
DobsonCm 4.60 -2.65 -36.6
3.31 -.65 -16.4
26.07 -4.91 -153
ZoomTech 435 -.91 -153
• “ 50.19 -922 -153
f 22.00 -4.00 -15.4
in 9.65 -1.73 -152
Stratasyss 21.06 -3.56 -143
~'-r 10.33 -1.58 -13.3
230 -.34 -12.9
Ne—
a a+.
Contacre 2.19 -.19 -8.0
Arhyth 4130 -3.61 -7.9
DivCpRes 3.55 -27 -7.1
lAM&dg 6.78 -.52 -7.1
L-Trax 3.96 -29 -8.8
AMCON
Nasdaq
Leet ChgttChg
2.25 +.30 +15.4
3925 +3.75 +10.6
2.20 +20 +10.0
2.84 +25 +9.7
9.95 +.86 +9.5
731 +.61 "
333 +28 ....
21.10 +1.47 +7.5
12.36 +.86 +7.5
BrookeCpn 21.74 +1.49 +7.4
KB
Advanced
Deckied
Unchanged
Total issues
New Highs
New Lows
Volume
Diary
Diary
Intel
Cisco
Oracle
Rambus 337655 34.93 +9.09
ApWMatl 334321 22.31 +37
Most Active ($1 on Mont)
Name Vol (00) Last Chg
Microsoft 489917 26.77 -22
JDSUntoh473951 5.06 -.02
DobsonCm447533 4.60 -2.65
' ' 410939 30.60 -21
388917 24.09 -.16
382918 14.06 +30
SurMcro 357291 5.82 +.03
Biogenldc 342853 5323 <6.97
Most Active (ttoa uoflE)
Name VoifOO) Lest Chg
Nasd100Ti679263 37.55 +.11
SPDR 277128115.67 -.50
SemiHTr 96006 42.72 +.20
WheatRg 71666 2.96 -.09
EagteBbnd 56168 1.74 -.08
iShJapan 46100 9.66 -.10
BemaGold 42429 3.55 -.09
DJIA Diam 39555 107.19 -.32
CdnSEng 32500 2.26 -.30
UonsGtg 30373 6.06 +33
YTD
591333
Lucent
GenElec
Tycolnt)
Diary
Advanced
Deckied
Unchanged
Total issues
New Highs
New Lows
Volume
1,284
1,964
172
3,440
264
3
1,795,739,700
ATTWris 633113 13.72 -.06
Elan 591333 11.80 +3.00
ElPasoCp 565589 726 -1.55
NortelNw 556344 8.16 -.23
485603 4.20 -.08
SBC Com 171140 24.45 -.42
" - 151858 32.75 -.30
141373 9.85 -.10
139538 1121 -.17
132540 28.80 -.45
10,250
—•9,750
9,250
FEB
NOV
DEC
JAN
__________________________________________________________________________________________________ -
110671.991 Dow Jones Industrial Average Wednesday, February «, 2004
----------------------r---to---10,750
Dally Low
10646.96
1,257.10
2,153.83
1,158.98
606.96
601.50
Dally Chg
-42.89
Dally %Chg
-.40
Dally High
10720.51
-3.88
-5.17
-2.63
-3.00
-46.78
-.40
-.67
+.46
-.76
-.89
-.19
-.45
-.43
-.50
-.41
Low Name
7,416.64 Dow Industrials
1,918.12 Dow Transportation
19435 DowUfflities
52-Week
High
10,746.88
3,090.07
274.22 .. .
6,778.02 4,418.62 NYSE Composite
----- 80735 Amex Market Value
1,253.22 Nasdaq Composite
788.90 S&P500
38132 S&PMkiCap
343.06 Russell 2000
11298.57 7,503.16 Wilshire 5000
Last
10,674.99
2,901.08
274.66
6,719.14
1,244.43 -11.23
2,076.47
1,15182
605.77
591.48
11237.28
YTD 12-mo
%Chg %Chg
+2.09 +33.39
-3.52 +37.79
+2.91 +3958
+4.33 +41.06
<6.04 +52.93
+3.65 +55.62
<359 +3629
+5.17 +49.92
<821 +64.1?
+4.05 +4054
Nat
Chg %Chg
-42.89
-19.66
+1.27
-51.13
i
•4
of $35.89. Analysts noted the contract took out its
previous top at $35.25 a barrel, indicating the techni-
cal possibility of trading higher today.
The March contract, which expires Friday at the end
of trading on the New York Mercantile Exchange,
stands within striking distance of the expiration price
of the February futures contract That contract expired
Jan. 20 at $36.20 a barrel — a lOmonth high.
On London’s International Petroleum Exchange,
April Brent blend crude oil futures settled 30 cents
higher at $30.99 a barrel after touching a high of
$31.37.
ket as winter ends in the Northern Hemisphere.
Demand typically drops then.
The declaration sparked the recent crude oil
futures rally, similar to the group's surprise announce-
ment last September of plans to cut its production by
900,000 barrels a day to 24.5 million barrels a day.
That cut, supposed to take effect Nov. 1, never mate-
rialized in accounting of overproduction by OPEC
members.
Light, sweet March crude oil futures settled 26
cents higher at $35.45 a barrel after touching a high
Crude continues gain
on OPEC comments
NEW YORK (AP) — Crude oil futures settled mod-
estly higher on Wednesday, continuing a rally attrib-
uted to gains in gasoline futures.
Comments from Venezuela's Oil Minister Rafael
Ramirez had the effect of reinforcing and broadening
the buying. He said the Organization of Petroleum
Exporting Countries rosy cut production again at its
next meeting if prices fall from current levels.
Phil Flynn, an analyst who trades with Alaron Trading avoid an expected crude oil surplus on the world mar-
Corp. in Chicago, said the statement worked as a ‘ ~ u---
counter-balance to statements made soon after
OPEC’s meeting Feb. 10 indicating cuts declared by
the group might not be implemented.
"The market is trying to determine whether or not
OPEC was serious about cutting production," Flynn
said.
At its recent meetir^, OPEC declared plans to cut
its output ceiling by 1 million barrels a day to 23.5 mil-
lion daily barrels, and to rein in 1.5 million barrels a
day in current overproduction. The cut is designed to
Record High
11,722.98
Jan.14,2000
-9.9
-9.5
-82
-82
-78
-7.6
CsUpTT
Systemax
MedcoHtr
Alstom
ARetkeh
BcLatn
Milacron
Losers (« or mohe)
Name Last Chg %Chg
ElPasoCp 726 -1.55 -17.6
HPasEtX 31.25 -525 -14.4
ElPasoun 2920 -3.69 -112
* ' - 21.79 -2.51 -10.3
< 5.85 -.64 **
in 31.65 -3.35
2.92 -.26
4.70 -.42
16.00 -1.35
3.14 -.26
Most Active (si on more)
Name Vol(00) Last Chg
IW
Start Earning Today!
Drop-in, call us at 281.422.3611 or
visit our web site at www.crew.wx
for more details.
1120 Kmgwwd Oww Suftf 600 • Kmtwood. Tens • 2S1J1212M
ONLY IN THE SUN
Read your favorite columns
every day In The Baytown Sun.
s
COMMUNITY
RESOURCE
CRtDIT V N 6 O H
flMr Better Chtict
Let us Help.
Jennifer
MarconteN
TOCftoaingbrook.Stt.C
B+ytowa.TX 77521
281-838-3100
wwwedwanijones.com
Edwardjones
SeevfagWhlbnl*muMite8liiiM^i_
Don’t let taxes take a bite out of
your retirement plan distribution.
Call or stop by today
for a free consultation.
Stephen V.Takach
2223 N. Alexander Dr.
Si®77520 Edwardjones
www.edwanjones.com
Member SIPC
’o'’
Retiring or
Changing jobs?
RETIRING?
Your Better Choice
For All Your Investing Needs
NYSE
!
6,719.14 -51.13
Gainers «2 or Mow)
Elan
OwensIH
WHX
GlobPwr
DescSA
WHXpfB
AberRtc
WHX pl
TitanMtl
+9.0
+8.7
1180 +3.00 +34.1
BanyRGh 2.71 +.52 +23.7
~" 1382 +2.49 +22.0
4.00 +.67 +20.1
1080 +1.64 +17.9
9.16 +1.06 +13.1
7.30 +.70 +10.6
30.79 +2.59 +92
725 +.60
84.65 +6.74
i
BM
Suincribe.
Cal 281-422-8048.
I
I
I
4O7-C West Baker Road
Baytown, TX 77521
Phone; 281-427-8000
www.txcm.axn
Residential construction
activity slows in January
v 1
f W • j
j.?, )'i
P'S?
1
v.'l
■’ ■ 1
bonds
or
Treasury is doing away with
new HH bonds “due to the high
million units. That had been the
best pace since February 1984.
ty, the department said.
The government has been
Treasury Dept, to stop
issuing ‘HH’bonds
By JEANNINE AVERSA
The Associated Press
By JEANNINE AVERSA
The Associated Press
J
WASHINGTON -The num-
ber of housing projects builders
broke ground on in January
declined by the largest amount
in nearly a year as bad winter
weather played havoc with con-
struction activity.
The Commerce Department
reported Wednesday that the
number of residential buildings
under way dropped to a season-
ally adjusted annual rate of 1.90
million units, representing a
sharp 7.9 percent drop from
Although economists were mortgage last week dipped to
predicting a slowdown in ? ‘
1
1J
F»W' ■ *
K. aj8
s<ud. Officials did not have an •
estimate of how much money ^;-
January from such lofty levels predict that benchmark rate will donor and Diamond sponsor of the Lee College Small Business i980. Initially those
J J , ________a_______j n c_____nai/Qlnnmont Pnntar Monument Au/ardc Ranniiet nn Marrh 4 at tha ^..14 .
seen in juecemoer, last munuis uwH uH lu cuvcu^ w ------r-\ r r. ». ------r------:------------— - -- --- --o-
performance was weaker than by the end of this year. Goose Creek Country Club. Accepting the check is Evonne Donnelly, a people could swap their regular cost of exchanges in relation to
the pace of around 2 million I'
Contributed photo interest until they reach maturi- smallest slice of the total $204 .,<
ty, the department said. billion savings bonds program.
Roughly 600,000 people hold
bonds.
The HH bonds actually pay a
holder interest every six
WASHINGTON — The months. Interest accrued on
Treasury Department, citing conventional EE bonds or their
high administrative costs and predecessor, the E bond, is paid. ?
relatively low demand, said that only when the bond is cashed,. ■.
later this year it will stop issuing officials said. The interest rate
new “HH” savings bonds, which paid on HH bonds is currently
pay interest to their owners 1.5 percent. The government no
semiannually. longer issues new E bonds. !
New HH savings bonds, Stephen Meyerhardt, a
which have a 20-year interest- spokesman for the departments
bearing life, won’t be offered Bureau of Public Debt said that; <•
after Aug. 31, the department there are currently $13.3 billion <•
said Wednesday. Existing HH worth of series HH bonds out- .;
bonds will continue to earn standing and they account for the .;
brisk and was up 4.1 percent
from the same month a year ago.
The housing market has been
the econonty’s shining star, pro-
viding a source of support for
business growth. Economists
predict housing activity will be
less of a contributor to growth
this year but that the sector will
stay healthy.
Home sales reached record
high levels in 2003, powered by
low mortgage rates that proved
too good for buyers to pass up.
Sales of both previously owned
homes and new ones should
December’s stellar pace of 2.07 ^ave secon(l best y63*-
— - - in 2004, economists said.
The average rate on a 30-year UftniimAnf Aivardc
.mortgage last week dipped to nWIHIIIICWt .... e
5.66 percent. Some economists At right, Wanda Cash, editor and publisher of The Baytown Sun, is a issuing HH savings bonds since HH bonds, he said.
____ r_______________“__Lz J------J ----J -------xs--.. .................... ; L ? „ ...
to December1 tet monft’s creep up to around 6.5 percent Development Center Monument Awards Banquet on March 4 at the could be purchased for cash,
’ . « s* .« . Aaaa»»4Iia/< Ikn to Eft/ortrvo rSonnolk/ n _____+L_J— J
Housing starts in the South member of the Lee College SBDC Advisory Board. This event honors savings bonds, known as series the relatively small volume of
Ing. Still, even with the decline, January to a rate of 918,000 and Highlands,Crosby, Baytown, Dayton^ Liberty, Anahuac, 1982, people could only get the said.
quet are on sale now. Call 281-425C309. tain amount of EE or E savings would be saved.
-i Housing starts in the South member ottne Lee College bblX Advisory boaro. inis event nonors savings bonds, known as series the relatively small volume or t
^ts^alanalwtswere forecast- declined by 5.2 percent in small businesses in the Lee College service area, which includes EE or E, for them. But since late transactions,” the department
— - t + n i I I ikni'hi ion Llonl/orvSAr 1AOO Vxnxrrx nn
the pace of residential construe- in the West they dipped by 1 per- Winnie and those areas in between those cities. Tickets to the ban- HH bonds by exchanging a cer-
tion in January was still fairly cent to a pace of 518,000. quet are on sale now. Call 281-4256309. f-------
charges against the computer chip maker.
for the 7.9 percent drop in residential
“There’s still a lot of uncertainty,” said industry, fell 15 certs to $28.62. AT&T NV climbed 11 cents to $9.41. They con- the day and Germany’s DAX index fin-. •*
large-cap stocks that had benefited from
the low dollar in overseas sales.
“Large-caps will take the hit for the
dollar rising,” said Michael Sheldon,
Investments. “Our whole set of econom-
ic numbers over the past few weeks have
been like a choppy graph — up and
down, up and down. What do you
believe? That’s the question."
Technology stocks fended off some
selling on the strength of Rambus Inc.,
Overseas, Japan’s Nikkei stock average
fell 0.2 percent. In Europe, Britain's
FTSE 100 closed down 0.4 percent,
tyMKHAELJ.IIMimNEZ
The Associated Press
firmed they were among a number of ished flat.
New York Stock Exchange specialist
firms to reach a $240 million settlement
with the Securities and Exchange , ,
Commission for mishandling stocks and
illegally skimming profits. ' ...
Declining issues outpaced advancers - (
December levels, the largest tumble in a 5.17, or 0.45 percent, at 1,151.82, and the Wireless stocks held investors’atten-
year. However, the pace of residential Nasdaq composite index lost 3.88, or 0.2 tion after the $41 billion meiger deal
construction in January was up 4.1 per- percent, to 2,076.47. between AT&T Wireless Services Inc.
The disappointing construction data and Cingular Wireless.
Z , Z..Z l.r LaBranche & Co. rose 18 cents to
prime takeover target in the wireless $11.08 and Van Der Moolen Holdings France’s CAC-40 gained 0.1 percent for
NEW YORK — A drop in housing
starts and a rally in the U.S. dollar on cur- mSstrat^ist at Spoicff Clrtte
rency markets sent stocks lower LLC. “That’s sparked the selling you’re
Wednesday as the news gave investors an seeinghere.”
incentive to collect profits. The Jones industrial average fell after a federal court dismissed antitrust
Rough winter weather was to blame 42.89, or 0.40 percent to 10,671.99. ' ‘ '
\ Broader stock indicators also fell. The Rambus shot up $9.09, or 35 percent, to
building construction last month from Standard & Poor’s 500 index was down $34.93.
December levels, the largest tumble in a 5.17, orO.45 percent at 1,151.82, and the
The Walt Disney Co. fell 19 cents to
$26.71 one day after rejecting Comcast
Corp.’s $54 biillon takeover bid. Disney
also announced it had acquired the rights
to the Muppets characters from The Jim
Henson Co. '♦ „ .
Metro-Goldwyn-Mayer Inc. posted by nearly 9 to 5 on the NYSE, where '
better-than-expected earnings of 25 cents , consolidated volume came to 1.83 billion *r
per share. The film and television pro- shares, compared to 1.85 billion on
ducer edged up 30 cents to $17.42. Tuesday.
Hamburger chain Jack in the Box Inc. The Russell 2000 index of smaller . •
rose $1.45 to $25.85 after posting a 26 companies fell 3.00, or 0.5 percent, to
percent decline in profits. The company 591.48.
beat Wall Street expectations by 5 cents
cent from the same month a year ago, The disappointing construction data and Cingular Wireless. Nextel per share,
giving investors a little good news to go did little to convince investors that the Communications, considered another
with the bad. economic recovery was stable. |
In addition, gains by the dollar, coming
off all-time lows against the euro, sank Bill Groenveld, head trader for vFinance Wireless slipped 6 cents to $13.72.
II
Thureday, February 19,2004 ' ‘ , g»»gtoton»tm 5A
Stocks mixed on disappointing construction report
2
I
si
ft
’s-
feisSiii faSssSt: fc: iBi fcfefei S M 13 S S < sSs- 1EiS< St - S B S S fe IS t fe 81 Si
Ktotofe. St Si z-Si scsafii toSSt ssi S: i toS^szSi e+.i s=
BS: SBBS: ■ 55Xi S£i SSi SS8SS- < 88£Ni
81 IsaBiSS8888*g i i gggtsS; £, Siisgi gsSi SSSsSSi Sfegi S
>oi -.taStaZsectzeSi < i eee«»Si s< eeziSi zsCi sssssst ssst s
l 1 S3 Ki B IS B i i SS S3 63 RS a l i a = Si
-!
u. hi m
o CXI o o
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. 82, No. 79, Ed. 1 Thursday, February 19, 2004, newspaper, February 19, 2004; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1185076/m1/5/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Sterling Municipal Library.