Beef market getting stung by corn hike

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CNJ file photo Gail Morris, general manager of Bovina Feeders, said the cost of feed has risen by $30 to $40 a ton, with corn nearly doubling. By CNJ staff writer: Sharna Johnson With the rising cost of corn and other grains, local cattle growers are struggling to stay afloat. U.S. beef producers now spend […]

Area housing trend reversed

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MCT graphic Staff and wire reports Clovis and Portales and the surrounding areas are seeing a somewhat different trend than the nation in the housing market. The number of houses sold is down for the first three months of this year compared to 2007 — but the average price is up, according to Skip Overdier, […]

Area home construction down

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CNJ staff photo: Tony Bullocks A home under construction in a new subdivision on the east side of Clovis. By Gabriel Monte: CNJ staff writer Clovis is mired in a house-building slump like the rest of the nation, but for a different reason, according to local officials. According to the latest information from the U.S. […]

Wall Street struggle reaches globally

The Associated Press NEW YORK — An unusual emergency interest rate cut by the Federal Reserve gave Wall Street a partial rebound Tuesday from a precipitious early decline — and perhaps the first steps toward a long-term recovery. The rest of the comeback, for the economy as well as the stock market, may depend on […]

Wall Street plunge reflects market woes

The Associated Press NEW YORK — Wall Street extended its 2008 plunge Thursday, sending the Dow Jones industrials down 306 points and to their lowest level since last March after a regional Federal Reserve report showed a sharp and unexpected decline in manufacturing activity. Downgrades of key bond insurance companies added to the market’s black […]

Business Year in Review: Industries flocked to Clovis in 2007

By Gabriel Monte: CNJ staff writer To economic developers 2007 brought the promise of new industries coming to Clovis. To farmers, the year brought in a combination of a great crop and great prices. On the other hand, the same year saw a flat housing market. But things are looking up for next year, according […]

Dec. 19, 1930

Clovis retail stores announced they would stay open until 9 p.m. to accommodate last-minute Christmas shoppers. … The Clovis Evening-News Journal reported railroad traffic was heavier than usual because military cadets from the New Mexico Military Institute were traveling for the holidays. … Tom Phelps Grocery and Market claimed to offer the best cuts of […]

Dec. 8, 1970

Clovis Postmaster Charles S. Stanfield urged immediate mailing of all Christmas cards in the event of a national railroad strike. … The Clovis Wildcats played the Canyon Eagles that evening in the opening game of the 1970-71 basketball season. The Wildcats went on to win, 59-58. … Christmas trees could be purchased at Bob’s Fruit […]

Developers: Portales housing market strong

By Casey Peacock Planners and developers said the market for new homes in Portales is still strong and will get stronger as Cannon Air Force Base grows. Larry Combs of Combs Properties is in the early stages of putting in a 55-lot residential development adjacent to Western Skies, west of Greyhound Arena. Territorial Estates will […]

Government aid will make housing problems worse

By Freedom New Mexico No one can now deny the obvious: The housing bubble, especially in high-priced real estate markets, has popped. New home sales are projected to fall nationwide to 805,000 this year, down 23 percent from 1.05 million last year, the National Association of Realtors has reported. If that happens, it would be […]