After a lower opening failed to attract follow-through selling,natural gas futures rallied Friday as traders covered shorts aheadof the weekend. The December contract notched its low for the dayat $2.755 in the first hour of trading before bubbling higher tofinish at $2.884, a 5.8-cent advance on the day. Estimated volumewas above-average, with 80,226 contracts changing hands.
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Oregon Eyes Lottery Funds to Build Pipeline
In an effort to attract large businesses to their districts, twoOregon state legislators introduced a bill recently that wouldprovide $20 million in lottery funds to help build a 64-milepipeline. No engineering study for the pipeline has been conductedso far. The bill’s main supporters, state Sen. Veral Tarno(R-Coquille) and Rep. Ken Messerle (R-Coos County), said some ofthe funds also could be used to build a high-voltage power line.
March 8, 1999
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