The Jackson Sun from Jackson, Tennessee • A5

BUSINESS PAGE5A TUESDAY, JANUARY 17, 2017 THE JACKSON SUN JACKSONSUN.COM CORN 5,000 bu minimum- cents per bushel Mar 17 357.50 359.50 355.25 358.50 May 17 364.25 366 362 365.50 Jul 17 371.25 373 369 372.50 Sep 17 378 379.75 376 379.50 sales 453101 Open Int. 1290721 SOYBEANS 5,000 bu minimum- cents per bushel Jan 17 1029.50 1043 1025.501042.50 Mar 17 1037.50 1052.75 1032.501046.25 May 17 1046 1061.75 1041.251055.50 Jul 17 1052.25 1067.75 1047.501061.50 sales 259937 Open Int. 641338 WHEAT 5,000 bu minimum- cents per bushel Mar 17 426.25 426.75 419.50 426 May 17 439 440.50 433.25 439.75 Jul 17 453 455 447.25 454.75 Sep 17 467.25 469.50 461.75 469.50 sales 235517 Open Int. 473734 COTTON 2 50,000 cents per lb. Mar 17 72.13 72.75 72.00 72.27 May 17 72.62 73.25 72.52 72.76 Jul 17 73.15 73.63 73.04 73.27 Oct 17 71.48 sales 34174 Open Int.

262426 CATTLE 40,000 cents per lb. Feb 17 117.17 118.75 116.62 118.52 Apr 17 116.12 118.00 115.80 117.92 Jun 17 106.47 108.15 106.17 108.02 Aug 17 102.10 103.82 101.97 103.67 sales 95226 Open Int. 327685 FEEDER CATTLE 50,000 cents per lb. Jan 17 130.10 130.90 129.35 130.45 Mar 17 127.65 129.45 126.77 129.30 Apr 17 127.32 129.02 126.45 128.85 May 17 126.07 127.55 125.30 127.37 sales 11676 Open Int. 49051 Exp.

Open High Low Settle Chg Money Markets AFLAC Inc 1.72f 11 69.64 Inc 1.96 16 40.96 A mgen 4.60f 14 156.12 Arch Dan Mid 1.20 21 43.56 AutoZone Inc 19 779.81 BP PLC 2.40a 37.66 BancorpSouth .50 21 30.90 Bank of America 18 23.01 Bemis Co 1.16 20 49.65 Capital One Fncl 1.60 12 88.85 CocaCola Co 1.40 25 40.88 ommunity Hlth Sys 6.93 Cracker Barrel 4.60 21 157.80 Dirx Jr GoldMin Bull 8.37 Dir Dly Gold Bull3x 9.70 DryShips Inc 1 1.87 uPont 1.52 23 73.60 Exxon Mobil Corp 3.00 34 86.35 astenal Co 1.20 28 48.05 FedEx Corp 1.60 17 187.01 Fst Horizon Natl .28 22 19.89 Ford Motor 6 12.63 Freds Inc .24 16.66 Gannett Co .64 7 9.74 Gen Electric 28 31.36 Goodyear .40 9 30.74 HNI Corp 1.10 19 52.49 Harley Davidson 1.40 16 58.73 Home Depot 2.76 22 135.04 Honeywell Intl 2.66f 18 118.07 Intel Corp 1.04 16 36.79 Intl Paper 1.85f 20 53.55 Johnson Controls Int 1.31e 30 43.66 Kaiser Aluminum 1.80 18 79.43 Kirklands Inc 1.50e 19 14.11 Kohls Corp 2.00 13 40.79 Kroger Co .48 16 34.10 Lowes Cos 1.40 19 72.15 MFS Chrt It 8.62 Inc 1.51 12 29.88 Masco Corp .40 22 32.05 McDonalds Corp 3.76f 23 121.50 Microsoft Corp 1.56f 26 62.70 Morgan Stanley .80 18 43.81 Office Depot .10 13 4.63 Owens Corning 16 53.87 Penney JC Co Inc 6.76 PepsiCo 3.01 22 101.55 Procter Gamble 2.68 23 84.01 Regions Fncl 19 14.68 SPDR ETF Tr 4.13e 227.05 Sears Holdings Corp 8.74 Simmons Fst Natl .96 19 60.85 Stocks of Local Interest YTD YTD ame Div PE Last Chg Chg Commodities 2,050 2,100 2,150 2,200 2,250 2,300 JJASOND 2,200 2,260 2,320 500 Close: 2,274.64 Change: 4.20 (0.2%) 10 DAYS 5,000 5,100 5,200 5,300 5,400 5,500 5,600 JJASOND 5,360 5,480 5,600 Nasdaq composite Close: 5,574.12 Change: 26.63 (0.5%) 10 DAYS Advanced 1831 Declined 1096 New Highs 131 New Lows 7 Vol. (in mil.) 2,983 Pvs. Volume 3,398 1,539 1,739 1976 846 146 15 NYSE NASD DOW 19952.03 19849.38 19885.73 DOW Trans. 9221.95 9152.02 9202.34 DOW Util. 658.19 652.41 656.78 NYSE Comp.

11244.32 11212.08 11227.17 NASDAQ 5584.26 5557.21 5574.12 500 2278.68 2271.51 2274.64 400 1692.06 1681.30 1687.40 Wilshire 5000 23851.06 23773.60 23807.98 Russell 2000 1376.17 1361.38 1372.05 HIGH LOW CLOSE CHG. WK MO QTR YTD Stocks Recap Smith Nephew PLC 54 30.64 Sonoco Prods 1.48f 22 54.53 SPDR Financial 23.51 Stanley Black Deck 2.32f 23 119.33 Stryker Corp 1.70f 26 122.92 Target Corp 2.40 12 70.19 Tegna Inc .56 10 21.61 Time Warner 1.61 17 94.14 Toyota Mot 119.81 Transgenomic Inc .98 UPS class 3.12 20 114.24 Valspar Corp 1.48f 23 107.50 VanE Vect Gld Miners 22.74 WPX Energy Inc 13.72 Wabtec .40 21 85.92 WalMart Strs 2.00f 14 67.13 Walgreen Boots Alli 1.50 18 83.82 Waste Mgmt Inc 1.64 37 69.79 Whirlpool 4.00 13 184.77 YTD YTD Name Div PE Last Chg Chg Exp. Open High Low Settle Chg For more stock and mutual fund information, go to jacksonsun.com/business. 17,500 18,000 18,500 19,000 19,500 20,000 JJASOND 19,680 19,840 20,000 Dow Jones industrials Close: 19,885.73 Change: (flat) 10 DAYS 100 Largest Mutual Funds A merican Funds A mcpA 26,063 27.89 AMutlA 23,959 37.24 BalA 55,402 25.09 ondA 19,406 12.76 CapIBA 68,603 58.21 CapWGA 50,654 45.02 EupacA 24,416 46.73 FdInvA 47,333 55.52 GwthA 74,236 43.44 IncoA 74,107 21.94 ICAA 58,432 36.98 PerA 34,999 36.50 SmCpA 18,043 47.41 WshA 52,895 41.39 BlackRock Instl: StrIncoOpp 17,975 9.86 DFA Funds: IntlCorEq 17,697 12.06 USCorEq2 18,567 18.87 Dimensional Fds: EmMCrEq 17,910 18.09 SLgVa 19,361 35.51 Income 46,632 13.63 IntlStk 54,186 39.53 tock 61,600 187.99 DoubleLine Funds: TRBd I 44,692 10.67 idelity Invest: Balanc 20,689 22.42 Contra 73,241 102.08 ContraK 29,480 102.01 GroCo 21,284 141.45 LowP 28,263 49.99 Puritn 19,139 20.98 TotalBd 20,709 10.56 Fidelity Spartan: 500Idx I 30,139 79.65 Fidelity Spart Adv: 500IdxAdv 61,231 79.65 TotMktAd 21,512 65.66 Frnk IncomA 45,222 2.33 Frnk Adv: GlbBdAdv 21,071 11.84 Frnk IncomC 23,540 2.36 Harbor Funds: CapApInst 20,763 58.98 Intl 31,240 59.92 Hartford Fds CpAppA 4,555 36.73 MFS Funds ValueI 18,131 36.62 Metro West Fds: TotRtBdI 49,380 10.57 Oakmark Funds Intl 24,385 23.64 PIMCO Instl PIMS: TotRt 52,868 10.08 PIMCO Funds Instl: Income 29,281 12.09 Price Funds: BlChip 25,640 75.79 CapApp 23,835 26.57 EqInc 18,516 31.77 EqIndex 27,036 61.10 rowth 36,213 55.54 MidCap 21,467 77.39 Inc 28,411 9.40 Ret2020 20,442 20.76 et2025 17,174 15.81 Ret2030 20,404 23.02 Value 21,543 34.14 Schwab Funds: Sel 24,017 35.00 Vanguard Admiral: BalAdml 18,695 31.49 EqInAdm 19,557 68.74 500Adml 181,512 210.01 GNMA Ad 17,815 10.53 GrwAdm 18,617 59.00 lthCr 33,299 80.96 HiYldCp 17,008 5.88 ITAdml 45,313 14.01 ITGrAdm 24,862 9.67 tdTrAd 20,062 10.90 MCpAdml 29,853 166.42 rmCap 40,686 111.66 ReitAdm 18,227 117.08 TIGrAd 38,151 10.65 SmCAdm 27,778 62.89 tlBAdml 72,592 10.68 TotIntlBd 23,513 21.61 TStkAdm 151,612 57.06 WellslAdm 35,748 61.96 WelltnAdm 75,781 68.22 WdsrIIAd 32,703 63.35 Vanguard Fds: TotIntBInv 21,710 10.81 DivdGro 30,720 23.73 STAR 18,741 24.16 TgtRe2015 17,024 14.68 TgRe2020 27,772 28.67 TgtRe2025 32,158 16.61 TgRe2030 25,676 29.72 TgtRe2035 25,029 18.08 TgtRe2040 17,954 30.85 Welltn 19,254 39.51 Vanguard Idx Fds: TotIntAdm 46,083 25.48 TotIntlInst 19,874 101.87 TotIntlIP 67,169 101.89 500 26,651 210.01 TotlIntl 90,763 15.23 TotStk 103,932 57.03 Vanguard Instl Fds: InstIdx 120,014 207.23 InsPl 91,481 207.24 InsTStPlus 36,648 51.22 TBIst 34,167 10.68 TotBdPlus 22,203 10.68 TotIntlBd 16,898 32.43 TSInst 79,442 57.07 Tot Assets ame (000s) Last Chg Tot Assets ame (000s) Last Chg After 29years of service to the City of Jackson, its citizens, and law enforcement, Jackson Police Department Officer Gary Longmire is hanging up his hat and turning in his uniform. Longmire spent his career on third shift, keeping watch over the city while most citizens slept.

At a luncheon on Jan. 12, family, friendsand other officers gathered to celebrate Longmire's retirement. Longmire was presented with parting gifts from Lynn Henning, representing the City of Jackson. Longmire will be missed as he ventures into the next phase of his life, according to a news release from the Jackson Police Department. SUBMITTED JPD officer retires after 29 years SUBMITTED SUBMITTED LITTLE ROCK, Ark.

President-elect Donald Trump and congressional Republicans who have pledged to cut federal taxes to boost the economy might consider looking first at lessons learned in GOP-controlled states that adopted similar strategies, only to see growth falter and budget gaps widen. The situation is worrisome enough in Kansas, Oklahoma and Indiana that lawmakers are now debating whether to reverse course and raise taxes. And political leaders in states that have seen expanded Republican control, such as Arkansas and Iowa, are signaling caution about any new tax-cut proposals. does not take a Ph.D. in economics to know that we say yes to every spending need, and we should also not say yes to every tax-cut Arkansas Gov.

Asa Hutchinson warned late last year. The reforms show that tax changes always carry an element of uncertainty about the economy, government needs and even the prices of commodities such as oil. Although the federal and state tax systems are significantly different, both are subject to forces beyond control. Arecent Associated Press survey found that more than half of the states 33 are currently dealing with a budget shortfall or expect to confront one in the coming fiscal year. Experts say state economic growth has been slower than expected, with revenue in some places failing to meet projections or keep up with rising spending needs.

Hutchinson, who took office vowing to slash income taxes, has proposed a much more modest cut of $50million annually for low-income taxpayers. Meanwhile, a top Arkansas GOP lawmaker has said any tax-cut ideas may have to be set aside for a few years until the financial picture improves. State revenue is running behind projections for the fiscal year. After Indiana Republicans cut income, corporate and property taxes, the state developed a $300million budget gap. GOP lawmakers are now pushing a plan to raise gasoline taxes and adopt a new registration fee for motorists to help pay for road improvements.

Critics say the effort is simply shifting the tax burden from the wealthy to everyone else. is going to be the first session Iremember coming into that the Republicans are advocating for tax said Senate Minority Leader Tim Lanane, a Democrat. the same time, continuing to give tax breaks to corporations and businesses. How are they going to explain In Kansas, lawmakers have struggled to balance the budget since they slashed personal income taxes in 2012 and 2013 at the urging of Republican Gov. Sam Brownback.

The state has faced economic pressures related to a decline in agriculture and oil prices, but the broad- based tax cuts are viewed largely as an unsuccessful effort to stimulate the economy. Lawmakers are now debating their third tax increase since the cuts were passed, with the state facing projected shortfalls of through June 2019. The Brownback administration has proposed higher taxes on certain business owners, cigarettes, beer and liquor. Other plans include diverting highway money to general government programs, scaling back contributions to the pension program for public employees and liquidating a $317million investment fund. budget director, Shawn Sullivan, warned of dire consequences if the proposals are not approved.

left with huge tax increases or huge (budget) Sullivan said. the mix between the two is Whatever happens in Washington is likely to affect state budgets in some way. That gives lawmakers another reason to move cautiously. Acongressional tax overhaul could eliminate key exemptions benefiting state and local governments. At the same time, the promise by Trump and congressional Republicans to repeal the Affordable Care Act would probably reduce the amount of federal money sent to states.

In New York alone, repealing the health care law would cost the state an estimated in federal funding, or roughly 2.5percent of the state budget. A House tax plan would reduce federal revenue by $3trillion in the first 10 years, while plan would cut revenue by over the same period, according to the nonpartisan Tax Policy Center. Trump has disputed the analysis. States can offer tax lessons CHRISTINA A. CASSIDY AND ANDREW DEMILLO ASSOCIATED PRESS SUE time the government wants to cut it seems like they cut services to the disabled, the veterans and the nursing said Marcellius Bell of Oklahoma City..