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8B – Daily News – Thursday, September 16, 2010 MON.-FRI. 9:00-5:30 • SAT. 9:00 -5:00 • CLOSED SUNDAYS FURNITURE DEPOT MATTRESS NEW YORK (AP) — Stocks overcame an early slide Wednesday and closed higher as investors tried to keep a September rally alive. Major indexes had opened lower after a poor reading on factory activity in New York, but turned higher around midday after getting better news on U.S. industrial production. That report showed that the national industrial sector MON.-THURS. 9:00-6:00 • FRI. 9:00-7:00 • SAT. 9:00-5:00 • SUN. 11:00-5:00 NORTH VALLEY 235 So. Main St., Red Bluff 527-1657 632 Main St., Red Bluff 527-5837 grew for the 12th time 14 months. Better news on manufac- turing was the main trigger behind the rally that began in early September and has now propelled stocks higher on nine out of the past 11 days. The Dow Jones indus- trial average, which gained 46 points Wednesday, is up Continued by Popular Demand! “PRIVATE PARTY” CLASSIFIED ADS FREE Through September 30! Sell your stuff! Boats/Autos too! Certain restrictions apply Call Daily News Classified For details! run FREE online at www.redbluffdailynews.com through September Ask about our discount rates for frequent Rental advertisers. D NEWSAILY RED BLUFF TEHAMACOUNTY Classified 527-2151 “We like to move it, move it!” Your Classified ads Rental Real Estate Advertisers: The Apple Tree Scholarship Fund in Memory of Harry and Lorraine Johnson is currently accepting applications for the 2010/2011 school year. $500 scholarships will be awarded to teachers currently employed within Tehama County. Please request an application by visiting; Two http://appletreefund.blogspot.com or by e-mail to theappletree926@gmail.com. Recipients will be chosen based upon classroom need and creative use of funds to motivate, inspire, and challenge students. Applications need to be submitted by Oct. 15th, 2010. Scholarship recipients will be notified by Nov. 15th, 2010. Elementary, middle, and high school educators may apply. Harry and Lorraine Johnson 5.6 percent over that time. In corporate news, Mas- terCard Inc. rose sharply after saying it expects its income to rise at least 20 percent this year. Shares rose $10.43, or 5.2 percent, to $210.18. Kraft Foods Inc., known for brands like Nabisco and Maxwell House, rose after saying its earnings would jump between 9 percent and 11 percent over the next three years thanks to growth Mattress Sets & Adjustable Bed Stocks edge higher, keeping September rally alive Wall Street in developing markets. Shares rose 53 cents to $31.58 and earlier hit a new high for the year. Stocks rose sharply dur- ing the first half of the month, even though Sep- tember is historically a weak period for the market. A strong manufacturing report from the Institute for Supply Management set off the rally two weeks ago. The Dow Jones industri- al average rose 46.24, or 0.4 percent, to close at 10,572.73. It was the index’s highest close since Aug. 10. The Dow still 5.6 percent below its 2010 high reached on April 26, and up only 1.4 percent for the year to date following steep declines in May and June. Broader indexes also rose. The Standard & Poor’s 500 index gained 3.97, or 0.4 percent, to 1,125.07 and the Nasdaq composite rose 11.55, or 0.5 percent, to 2,301.32. Traders Wednesday focused more on the indus- trial production report, set- ting aside a disappointing reading on manufacturing activity in New York. The Empire State Manufactur- ing Survey Index, which measured activity in the state in September, came in well below forecasts. European markets were mainly lower, but stocks in Japan surged 2.3 percent after the country’s govern- ment stepped in to weaken the yen. The yen had been hitting 15-year highs against the dollar, which makes it harder for Japanese exporters to compete on global markets. Japan sold an undis- closed amount of yen in for- eign exchange markets to weaken its currency, which was threatening to endanger manufacturers like Toyota Motor Corp. and Sony Corp. that export goods around the world. The dol- lar rose 3 percent against the yen. Treasury prices edged lower. The yield on the 10-year Treasury note, which moves opposite its price, rose to 2.72 percent from 2.67 percent late Tuesday. Jack the Ribber Friday, September 17 Special Rib Eye Steak Dinner First come till they’re gone 5:00 pm till ?? 1150 Monroe St. • 527-6108 FREE pillows • FREE delivery • FREE disposal With purchase of Tempurpedic mattress sets only.