Kuhlman honored for quality cattle
Published 9:00 pm Monday, July 9, 2001
Duane Kuhlman, a longtime cattle breeder from Snohomish, was named the 2001 Master Breeder of the American Jersey Cattle Association last month in Green Bay, Wis. Kuhlman spent 54 years in the cattle breeding business, beginning with 4-H projects in 1942. That project developed into what is known today as the Greenridge Jerseys. He continued farming a number of years and in 1974, his herd was officially enrolled in the American Jersey Cattle Association performance program. In 1994 it ranked highest in the nation for milk and protein production in its size class. The Master Breeder’s award is given annually to the member who has bred outstanding animals for many years and has made a notable contribution to the advancement of the Jersey breed in the United States.
Social Security officials on Monday warned senior citizens of hoaxes that promise slave reparations or additional benefit payments in exchange for their Social Security numbers and other personal information. There’s no federal law promising black seniors slavery reparations in exchange for personal information, said the agency that distributes the federal retirement benefit.
Consumers, worried about their jobs in the face of layoffs, were a bit tightfisted in May, borrowing money at the slowest pace in 19 months. Consumer credit rose by a seasonally adjusted $6.5 billion in May, or a 4.9 percent annual rate, the Federal Reserve reported Monday. That was a much smaller increase than the $9.5 billion rise in credit that many analysts had forecasted.
Shares of Xerox Corp. fell more than 5 percent Monday after the company’s board of directors decided to eliminate the payment of dividends on its common stock. The decision was part of the struggling copier maker’s turnaround plan that includes the sale of $2 billion in assets. The company had paid a quarterly dividend of 5 cents per share, after slashing the payments from 20 cents per share last fall.
The Treasury Department sold three-month bills at a discount rate of 3.56 percent, down from 3.58 percent last week. Six-month bills sold at a rate of 3.500 percent, unchanged from last week. The new discount rates understate the actual return to investors – 3.643 percent for three-month bills with a $10,000 bill selling for $9,910.00 and 3.612 percent with a six-month bill selling for $9,823.10. The average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, rose to 3.7 percent last week from 3.6 percent the previous week.
From Herald news services
