Issue link: https://www.epageflip.net/i/81077
4B Daily News – Friday, August 31, 2012 NEW YORK (AP) — The late-summer lull is about to end. with investors too wor- ried about high gas prices and stagnant employment to be impressed by higher consumer spending. But trading volume Stocks fell Thursday, was light, the market's direction was steady, and there wasn't much in the way of major eco- nomic news. Friday. Federal Reserve Chairman Ben Bernanke is scheduled to speak at 10 a.m. EDT, and investors will be listen- ing closely for his opin- ion on the economy and whether the Fed will take more action to try to prop it up. That could all change Scott Freeze, presi- dent of Street One Financial in Huntingdon Valley, Pa., had the feel- ing that he was experi- encing the calm before The market's August lull nears an end; stocks fall Wall Street the storm. He went golf- ing Thursday morning with clients, figuring there wouldn't be many more chances to leave the office. Many of his employ- ees and clients planned to come to work Friday morning, stick around to see what Bernanke says, and then leave early for the long weekend if it's nothing of consequence. ''There's so little going on, it's all wait and see before Bernanke's speech,'' Freeze said. ''I'm sure next week will be a much different sce- nario.'' Bernanke's speech, for all the hype, would end up being a non-event. The statements from Fed officials are sometimes too ambiguous to really guide the market. And Some thought there's a lot of doubt that the Fed can do any- thing for the economy anyway. ''Some people hang composite slid 32.48 to 3,048.71. on every word, they try to figure out what kind of briefcase he's carry- ing,'' said John Lekas, senior portfolio manager at Leader Capital in Portland, Ore. ''I think that's a waste of time. It doesn't matter that much.'' For much of August, with many traders on vacation and a dearth of major economic news, the market has lumbered more than galloped. On Thursday, about 2.4 bil- lion shares were traded on the New York Stock Exchange. The average for the year so far is about 3.7 billion. The Dow Jones industrial average closed down 106.77 points to 13,000.71. The Standard & Poor's 500 fell 11.01 to 1,399.48. The Nasdaq Tehama Country Real Estate Remodeled Approx. 1670sf 3 – 4 Totally 2120 Main Street Suite A PROPERTIES (530) 529-5900 Bank owned, no reasonable offer refused RED BLUFF bedrooms, 2 bath – Clawfoot Tub! Separate Dining & LOCATION, LOCATION, LOCATION Close to I-5, off ramp, near major established restaurants, hotels. Call Red Bluff Properties to preview. 530-529-5900. DRE License #01069956 WESTERN REAL ESTATE Commercial Properties For Sale: MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 • 840 Main St. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,400 sq/ft • 1870 Montgomery (Industrial) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Acres • 13545 Saint Marys Ave. (Or lease) . . . . . . . . . . 40,000 sq/ft Commercial Properties For Lease: • 731-741 Main St. (Ups tairs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . various size suites • 955 Main St. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,995 sq/ft • Medical Suite available in St. E campus area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 sq/ft • 1156 Monroe St. (Roll- up Doors) (Or Sale) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,580 sq/ft • 562 Antelope Blvd. (residence & office) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,200 sq/ft • 726 Pine Street (warehouse with office) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,250 sq/ft • 560 Diamond Avenue (Vacant Pad) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 sq/ft Laundry , Lg Kitchen & Livingroom Insulated walls – attic, PG&E Ziped, New Lg Gas Fireplace, Dbl Size Lot, RV hook- ups, Parking, Newer Victorian Style Porch – Approx 30ft, Near Lg Park, 5 min to Sac River, 12 min to Red Bluff – 20 min to Chico This home feels like a Bed & Breakfast! $176,900 – See more pics on Yahoo Real Estate – Soo Cozy Call 707-845-1631 for more information!! The economic news that did surface Thurs- day was uninspiring to investors. The government reported that consumer spending rose in July from June, after a flat June and a decline in May. Separately, retail- ers like Target Corp., Gap Inc. and Macy's Inc. reported higher- than-expected August sales. Wednesday, according to the AAA. The gov- ernment reported that the four-week moving average for unemploy- ment claims also ticked higher. new employees.'' But rather than send stocks up, investors instead worried that the gains were only tempo- rary, driven by back-to- school shopping that will soon peter out. Gas prices and job prospects, which are key when people decide how much to spend, were not encouraging. Hurricane Isaac helped push the national average price for a gallon of gas to $3.83 from $3.80 Freeze, from Street One, doubts the jobs picture will improve soon, with so many companies not hiring. He thinks it's disingenu- ous when they blame their hiring drought on the uncertainty of not knowing who will be president next year. ''They're saying, 'I don't know what my tax situation will be,' or 'I don't know if Obama will be president and I don't want to deal with Obama's health care plan,''' he said. ''I think these are just easy excuses for the corpora- tions to use, because quite frankly the pro- duction levels and the revenue they're generat- ing don't warrant hiring Among the stocks that did make notable moves: —Pandora Media Inc. jumped more than 14 percent, rising $1.44 to $11.52. The Internet radio company reported big increases in revenue from advertising, sub- scriptions, and from lis- teners accessing the website from mobile devices. —TiVo Inc., known for its digital video recorders, fell more than 3 percent, losing 32 cents to $9.04, after reporting a larger quar- terly loss and missing analysts' revenue pre- dictions. —Vera Bradley, the maker of high-end hand- bags, lost almost 9 per- cent, slipping $2.09 to $21.53. Weak sales in May and June forced the company to cut its earn- ings and revenue predic- tions for the year. This Week 100 Year Old Farm House – Victorian Style Corning Adult Park From $9,900 OWC Space Rent $315 a month 2-3 Bedroom, 2 Bath (530) 824-1500 Tehama Country Real Estate Results! Put your ad in Get Robert Thayer, Owner / Realtor 1704 Solano St. Corning Ca, 96021 Cell (530) 515-3367 Email rthayer@remax.net License # 01486553 Bldg. A, Suites 10 & 20, Red Bluff (530) 527-3100 Near Shasta Lake! $350,000 Stromer Realty 590 Antelope Blvd ONLINE ADVERTISING INCLUDED. 78.5 acres in beautiful area one mile from Shasta Lake and Jones Valley Boat Ramp, this property has a good well with generator and power nearby. Great hunting and recreation! Owner will carry. Call Cindy Allen at 530-949-4931. One of a kind acreage on the Sacramento River! A wonderful place to build your dream home with beautiful views of Mt. Shasta, Mt. Lassen and the river. Majority of lot high above the flood plane with approximately one acre of flat ground along the river. In an area of nice homes - quiet and peaceful. Power available. 22896 Tehama Ave, Gerber $250,000 Owner will carry with substantial down. Beautiful view of Mount Lassen. 16.48 acres. The property is in the El Camino Irrigation District and is a perfect spot to raise kids and animals in a healthy country atmosphere! 223 Main Street, Red Bluff $220,000 Perfect Retail Location! A Pascoe, steel framed building built in 1980 with space for five or six vehicles in back. Large dual pane windows at street. Historically used as a florist shop since it was built in 1980 by owner. Two cold storage units go with building. Electric billboard out front which will remain. Lots of opportunity! http://redbluff.stromerrealty.com SAT., SEPT. 1ST Or by appointment 2012 • 11:30am - 1:30pm Rio Vista Mobile Estates #92 ON THE RIVER, 2/2 Doublewide 1300 sq ft $39,500 $34,500-obo. Financing available. Call 527-7297 0 Rivers Edge DR , Red Bluff $190,000 OPEN HOUSE Spectacular Ranchette 4 bedrooms 2 baths on 10 acres of irrigated pasture with a small barn in the Bend. Irrigated by the Bend Water District (CHEAP WATER). Property is also splittable into two 5 acres parcels. Rustic charm with solid wood floors, stainless appliances, granite counters, open floor plan, accented ceilings. This house has an old ranch feel with all the new amenities located on one of the nicest pieces of property in Tehama County. Call for details. Jared Chaffin (Lic#: 01460126) 530-518-8275 jaredchaffin@hotmail.com North State Realty (NSRE) 2515 Park Marina Drive#102 Redding California 96003 (530) 518-8275 (office) Call Suzy Noble @ 530.527.2151 ext 103 Wilcox area, 1452 sq. ft. 3 bed 2 bath on 1.08 acres. $186,000 1913 sq. ft. 4 bed 2 bath with two kitchens...................................................................$79,900 20 acres of Olives with barn, shop and home ...........................................................$375,000 Office building 800 sq. ft. 3 private offices and private parking area.....................................$69,000 160 acres with cabin....................................................................................................$220,000 1867 sq. ft. 3 bed 2 bath on 1.5 acres in the Bend....................................................PENDING 1411 sq. ft. 3 bed 2 bath................................................................................................$64,900 1456 sq. ft. 3 bed 2 bath home on 9.8 acres...............................................................$129,900 1266 sq. ft. 3 bed 2 bath in Red Bluff.........................................................................PENDING 2021 sq. ft. 3/2 on 1.6 acres........................................................................................$159,900 1738 sq. ft. 3/2 with horse barn on 7.5 acres..............................................................$219,900 48 Acres of olives New Ag. well being put in.............................................................$499,000 Serving all of Tehama County, Northern Glenn County & Southern Shasta RE/MAX American Dream NOW $279,000 SELLER WANTS IT SOLD!