8
University Daily Kansan / Friday, November 1, 1991
Factory orders drop 1.7 percent
Decrease prompts experts, president to express concern for flagging recovery
The Associated Press
WASHINGTON — Orders for manfactured goods dropped 1.7 percent in September for the second straight month, government officials said yesterday, raising fears of production and job cuts in an economic sector that was doing well.
"It says the recovery is in trouble," said David Jones, an economist with Aubrey G. Lanton & Co., a New York securities dealer.
President Bush, expressing concern yesterday about the economy, said, "It is not as strong as, obviously, we would like it to be.
"I am also concerned about mixed signals on consumer confidence and business confidence. We are pleased that the stock market has performed well in recent months, but consumer confidence has slipped."
The Commerce Department said orders for both durable and non-denatured glass are available.
adjusted $238.9 billion, down from $243.2billion in August.
The report showed that orders in August actually fell 2.0 percent, even steeper than the 1.9 percent decline in the department's initial estimate.
The manufacturing and housing sectors had been regarded as the strongest areas of the recovery. But housing also has weakened, with new home sales and housing starts both slowing in recent months. They have dropped for three straight months.
Still, some analysts were encouraged by a 0.4 percent increase in inventories, the first growth in stockpiles since last February.
Michael P. Niemira, an economist with Mitsubishi Bank in New York, said the growth suggested an end to the growth in anticipation of growing demand.
But he added that before the second leg of the recovery was in place, there was a significant risk of a fall.
through the fourth quarter.
Yesterday White House press secretary Marlin Fitzwater appeared to confirm beliefs of many analysts that the Federal Reserve System had cut short-term interest rates a day earlier to stimulate economic growth.
"I don't think anyone doubts that it happened," Fitzwater told reporters at the White House. He called the move a "very helpful sign" and said there could be other cuts to come.
In another report yesterday the Labor Department said the number of Americans filing new claims for unemployment benefits fell by 47,000, to 405,000, in the week ending Oct. 19. That was the lowest level since September.
Manufactured goods
But analysts cautioned against reading too much into that figure, saying the improvement came after a jump in claims the previous week to 452,000, the highest level since May.
Percent change September
Percent Change September
Durable goods -3.2%
Non-durable goods -0.2%
Transportation equipment -14.5%
Non-defense -0.7%
SOURCE: Commerce Department
Gene therapy advancement could benefit cancer patients
The Associated Press
WASHINGTON — Scientists have used gene therapy to trigger an immune response in mice that killed tumor cells without damaging normal cells, an advance that could lead to new cancer treatments in humans.
The scientists at Johns Hopkins University medical school showed that their method of gene therapy could destroy cancer cells not only at the site of a tumor but at other sites in the organism as well.
While the approach looks promising, it will take some time before scientists can begin trials in humans, said Drew Pardell, assisstant at the Virology Institute of medicine, and molecular biology and genetics at Johns Hopkins.
The study will be published today in Science, the journal of the American Association for the Advancement of Science.
The researchers took tumor cells from mouse kidney cancer and inserted into the cells a gene that produces large quantities of a natural chemical called Interleukin-4. This chemical helps attack tumors specific T cells, which attack the specific kidney cancer being studied.
After inserting the chemical into the cancer cells, the genetically engineered tumor cells then were injected under the skin of the mice.
The immune systems of seven of the 10 mice that were injected destroyed not only the altered tumor cells, but also unaltered kidney cancer cells that had been planted in the mice a week earlier.
The report said the three other mice developed tumors but more slowly than the 10 treated mice, whose tumors developed quickly.
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