After inching higher Monday and Tuesday, natural gas futures kicked it up a notch Wednesday as stronger cash market prices and supportive medium-range weather outlooks paved the way for short-covering by fund traders. The September contract advanced to a new one-week high, gaining 15.5 cents to close at $5.119 for the session. At 63,310, estimated volume was the highest this week, but still relatively light.
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Southern Beats Back Weak Economy, Earnings Vault Higher
Mild weather seen in the Southeast and a softer U.S. economy were not enough to trip up Southern Co.’s 2001 earnings results as several factors, including continued customer growth and cost controls, helped the utility giant post earnings for the year of $1.12 billion, or $1.62 per share, compared with reported earnings of $994 million, or $1.52 per share, in 2000.
January 28, 2002
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