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test/15911 | test/15911 |@title usda:1 report:1 export:1 sale:1 activity:1 |@word u:2 agriculture:1 department:2 say:3 private:1 exporter:1 report:1 sale:3 200:1 000:8 tonne:8 wheat:3 jordan:2 300:1 soybean:3 meal:3 iraq:2 100:2 corn:3 algeria:2 include:2 165:1 hard:1 red:2 winter:2 35:1 soft:1 delivery:3 1987:2 88:2 marketing:2 year:2 180:1 1986:2 87:2 season:3 120:1 begin:1 june:1 1:3 september:1 october:1 | USDA REPORTS EXPORT SALES ACTIVITY
The U.S. Agriculture Department said
private U.S. exporters reported sales of 200,000 tonnes of
wheat to Jordan, 300,000 tonnes of soybean meal to Iraq and
100,000 tonnes of corn to Algeria.
The wheat for Jordan includes 165,000 tonnes of hard red
winter and 35,000 tonnes of soft red winter and is for delivery
during the 1987/88 marketing year.
The soybean meal sales to Iraq includes 180,000 tonnes for
delivery during the 1986/87 season and 120,000 tonnes during
the 1987/88 season, the department said.
The 100,000 tonnes of corn sales to Algeria are for
delivery during the 1986/87 season, it said.
The marketing year for wheat begins June 1, corn September
1, and soybean meal October 1.
|
test/15912 | test/15912 |@title international:1 american:1 home:1 acquire:1 cos:1 |@word international:3 american:2 homes:1 inc:2 say:4 enter:1 conditional:1 contract:1 acquire:2 maione:1 hirschberg:1 cos:1 affiliate:1 entitle:1 19:1 mln:3 dlrs:3 whose:1 stock:1 halt:1 nasdaq:1 earlier:1 purchase:1 price:1 payable:2 12:1 cash:2 balance:1 common:1 share:1 sell:1 shareholder:1 may:1 earn:1 additional:1 amount:1 maximum:1 eight:1 base:1 future:1 performance:1 company:2 three:1 year:1 end:1 march:1 31:1 1990:1 acquisition:1 subject:1 certain:1 condition:1 satisfactory:1 result:1 due:1 diligence:1 investigation:1 | INTERNATIONAL AMERICAN <HOME> TO ACQUIRE COS
International American Homes Inc
said it entered into a conditional contract to acquire the
<Maione-Hirschberg Cos Inc> and affiliated entitles for 19 mln
dlrs.
International American, whose stock was halted on Nasdaq
earlier, said the purchase price is payable 12 mln dlrs in cash
and the balance in its own common shares.
Selling shareholders may earn an additional amount up to a
maximum of eight mln dlrs payable in cash based on the future
performance of the companies acquired during the three years
ending March 31, 1990, International said.
The acquisition is subject to certain conditions, such as
satisfactory results of due diligence investigations, the
company said.
|
test/15913 | test/15913 |@title sony:1 chairman:1 forecast:1 low:1 profit:1 year:1 |@word sony:4 corp:2 sne:1 chairman:1 akio:1 morita:2 say:1 profit:2 would:2 sharply:1 1987:1 result:1 dollar:3 decline:1 post:1 net:1 consolidated:1 income:1 41:1 89:1 billion:2 yen:3 290:1 million:2 1986:1 42:1 6:1 pct:1 1985:1 73:1 02:1 506:1 add:1 japan:1 benefit:1 strong:1 save:1 energy:1 import:1 bill:1 expect:1 recover:1 1988:1 onwards:1 speak:1 reporter:1 factory:1 opening:1 | SONY CHAIRMAN FORECASTS LOWER PROFITS THIS YEAR
Sony Corp <SNE.T> chairman Akio
Morita said Sony's profits would be sharply down in 1987 as a
result of the dollar's decline.
Sony Corp posted net consolidated income of 41.89 billion
yen (290 million dollars) in 1986, 42.6 pct down on 1985's
73.02 billion yen (506 million dollars).
But Morita added that Japan would benefit from the strong
yen by saving on its energy import bill and he expected profits
to recover from 1988 onwards.
He was speaking to reporters at a sony factory opening
here.
|
test/15914 | test/15914 |@title coarse:1 grain:1 supply:1 demand:1 country:1 usda:1 |@word u:1 agriculture:1 department:1 detailed:1 world:1 supply:1 demand:1 datum:1 major:1 importer:1 exporter:1 coarse:8 grain:8 country:1 follow:1 mln:7 tonne:7 ussr:1 1986:7 87:36 1985:7 86:7 04:15 09:28 03:14 start:7 stck:7 n:9 production:7 103:2 30:8 99:8 import:7 12:3 00:2 10:5 13:4 70:2 dome:3 use:7 112:2 111:2 export:7 nil:15 end:7 stock:7 available:1 ec:1 14:7 91:4 93:2 53:4 81:3 22:2 19:11 88:2 21:10 28:4 16:3 58:3 17:3 26:2 18:5 29:1 24:3 dom:4 79:2 64:1 27:3 82:2 38:4 55:3 90:3 96:2 73:7 56:2 15:2 eastern:1 europe:1 4:10 07:2 3:8 72:5 5:7 95:4 74:2 50:2 68:2 47:2 23:2 65:1 77:1 2:8 6:7 34:1 46:2 japan:1 32:3 1:6 0:25 35:2 39:2 51:2 49:5 44:3 argentina:1 78:2 83:2 06:1 02:1 7:8 75:1 76:1 60:1 9:2 43:1 canada:1 66:1 61:1 62:2 31:2 80:2 41:1 thailand:1 40:3 67:1 57:1 37:1 94:1 11:1 | COARSE GRAIN SUPPLY/DEMAND BY COUNTRY -- USDA
The U.S. Agriculture Department
detailed world supply/demand data for major importers and
exporters of coarse grains, by country, as follows in mln
tonnes --
USSR COARSE GRAIN
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks N.A. N.A. N.A. N.A.
Production 103.30 103.30 99.99 99.99
Imports 12.00 10.00 13.70 13.70
Domes Use 112.30 112.30 111.99 111.99
Exports NIL NIL NIL NIL
End Stocks N.A. N.A. N.A. N.A.
N.A. - Not Available.
EC-12 COARSE GRAIN, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 14.91 14.93 10.53 10.53
Production 81.22 81.19 88.21 88.28
Imports 16.58 17.26 18.29 18.24
Dom Use 79.64 81.27 82.38 82.55
Exports 19.90 19.96 19.73 19.56
End Stocks 13.18 12.15 14.91 14.93
EASTERN EUROPE COARSE GRAIN, mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 4.07 3.72 5.14 5.14
Production 73.95 74.50 68.28 68.38
Imports 4.90 4.47 5.58 5.26
Dom Use 73.04 73.23 72.65 72.77
Exports 3.55 3.55 2.28 2.28
End Stocks 6.34 5.46 4.07 3.72
JAPAN COARSE GRAIN, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 2.32 2.23 1.91 1.91
Production 0.35 0.35 0.39 0.39
Imports 21.56 21.50 21.51 21.51
Dom Use 21.79 21.73 21.49 21.49
Exports NIL NIL NIL NIL
End Stocks 2.44 2.44 2.32 2.32
ARGENTINA COARSE GRAIN, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.78 0.53 0.83 0.83
Production 13.99 15.44 17.06 17.14
Imports 0.02 NIL NIL NIL
Domes Use 7.73 7.75 7.76 7.87
Exports 6.60 7.73 9.43 9.58
End Stocks 0.46 0.49 0.78 0.53
CANADA COARSE GRAIN, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 6.19 6.19 4.66 4.61
Production 27.62 27.62 24.95 24.95
Imports 0.30 0.30 0.31 0.31
Dom Use 19.80 19.80 18.99 18.96
Exports 7.41 7.21 4.74 4.72
End Stocks 6.90 7.10 6.19 6.19
THAILAND COARSE GRAINS, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.49 0.38 0.16 0.16
Production 4.40 4.40 5.67 5.47
Imports NIL NIL NIL NIL
Domes Use 1.57 1.37 1.40 1.30
Exports 3.10 3.30 3.94 3.95
End Stocks 0.22 0.11 0.49 0.38
|
test/15916 | test/15916 |@title export:1 bonus:1 wheat:1 jordan:1 usda:1 |@word commodity:2 credit:1 corporation:1 ccc:2 accept:1 eight:1 bonus:3 offer:1 two:1 exporter:1 sale:1 190:1 000:4 tonne:5 hard:1 red:2 winter:2 35:1 soft:1 wheat:3 jordan:1 u:2 agriculture:1 department:2 say:2 award:2 average:1 38:1 08:1 dlrs:1 per:1 delivery:1 may:1 november:1 1987:1 make:1 louis:1 dreyfus:1 corp:1 200:1 continental:1 grain:1 co:1 25:1 pay:1 form:1 stock:1 purchase:1 complete:1 export:1 enhancement:1 program:1 initiative:1 announce:1 december:1 31:1 1986:1 | EXPORT BONUS WHEAT FOR JORDAN --USDA
The Commodity Credit Corporation
(CCC) accepted eight bonus offers from two exporters on sales
of 190,000 tonnes of hard red winter and 35,000 tonnes of soft
red winter wheat to Jordan, the U.S. Agriculture Department
said.
The department said the bonuses awarded averaged 38.08 dlrs
per tonne and the wheat is for delivery May-November, 1987.
The bonus awards were made to Louis Dreyfus Corp (200,000
tonnes), and Continental Grain Co (25,000 tonnes) and will be
paid in the form of commodities from CCC stocks.
The purchases of U.S. wheat completes the Export
Enhancement Program initiative announced on December 31, 1986.
|
test/15917 | test/15917 |@title argentine:1 1986:1 87:1 grain:1 oilseed:1 registration:1 |@word argentine:1 grain:2 board:1 preliminary:1 figure:3 show:1 1986:3 87:2 crop:3 export:2 registration:2 oilseed:1 week:3 april:3 8:2 follow:1 tonne:2 compare:1 previous:1 comparable:1 year:1 early:1 bread:2 wheat:2 nil:6 maize:2 113:1 500:2 21:1 800:1 51:1 300:1 sorghum:2 13:1 600:1 26:1 soybean:2 30:1 000:3 36:1 72:1 sunflowerseed:2 19:1 100:1 cumulative:1 1987:1 comparative:1 1985:1 86:1 9:1 bracket:1 thousand:1 2:3 692:1 4:2 161:1 0:2 305:1 1:1 5:3 200:1 220:1 625:1 7:2 561:1 3:1 524:1 45:1 213:1 | ARGENTINE 1986/87 GRAIN OILSEED REGISTRATIONS
Argentine grain board preliminary
figures show 1986/87 crop export registrations of grains and
oilseeds in the week to April 8, were as follows, in tonnes,
compared with the previous week and the comparable week a year
earlier.
BREAD WHEAT nil nil nil
MAIZE 113,500 21,800 51,300
SORGHUM 13,600 nil 26,500
SOYBEAN 30,000 36,000 72,000
SUNFLOWERSEED nil nil 19,100
Cumulative figures export registrations for the 1986/87
crop to April 8, 1987, with comparative figures for the 1985/86
crop up to April 9, 1986, in brackets, were in thousands of
tonnes.
BREAD WHEAT 2,692,4 (4,161.0)
MAIZE 2,305.1 (5,200.0)
SORGHUM 220.5 (625.7)
SOYBEAN 561.3 (524.5)
SUNFLOWERSEED 45.7 (213.2)
|
test/15918 | test/15918 |@title winn:1 enterprises:1 wnn:1 unit:1 sell:1 dairy:1 |@word winn:1 enterprises:1 knudsen:1 foods:2 inc:2 say:2 enter:1 agreement:1 sell:1 hawaiian:1 dairy:1 operation:1 foremost:1 13:1 mln:1 dlrs:1 cash:1 company:1 purchase:1 price:1 subject:2 adjustment:1 entire:1 transaction:1 approval:1 u:1 bankruptcy:1 court:1 central:1 district:1 california:1 | WINN ENTERPRISES <WNN> UNIT SELLS DAIRY
Winn Enterprises' Knudsen Foods Inc
said it entered an agreement to sell its Hawaiian dairy
operations to Foremost Foods Inc for 13 mln dlrs cash.
The company said the purchase price is subject to
adjustment and the entire transaction is subject to approval by
the U.S. Bankruptcy Court for the Central District of
California.
|
test/15920 | test/15920 |@title national:1 beverage:1 acquire:1 faygo:1 |@word national:2 beverage:4 corp:1 say:2 agree:1 acquire:1 privately:2 hold:2 faygo:2 beverages:1 inc:1 undisclosed:1 amount:1 cash:1 company:1 detroit:1 base:1 soft:1 drink:1 maker:1 annual:1 revenue:1 100:1 mln:1 dlrs:1 also:1 bottle:2 shasta:1 spree:1 natural:1 private:1 label:1 brand:1 11:1 facility:1 united:1 states:1 | NATIONAL BEVERAGE TO ACQUIRE FAYGO
<National Beverage Corp>
said it agreed to acquire privately held Faygo Beverages Inc
for an undisclosed amount of cash.
The company said Detroit-based Faygo, a soft drink maker,
has annual revenues of more than 100 mln dlrs.
National Beverage, which is also privately held, owns and
bottles Shasta Beverages, Spree All Natural Beverages and
private label brands in its 11 bottling facilities in the
United States.
|
test/15921 | test/15921 |@title soybean:1 supply:1 demand:1 country:1 usda:1 |@word u:1 agriculture:1 department:1 detailed:1 world:1 supply:1 demand:1 datum:1 major:1 importer:1 exporter:1 soybean:5 country:1 follow:1 mln:4 tonne:4 brazil:1 1986:4 87:20 1985:4 86:4 04:8 09:17 03:8 start:4 stock:7 4:16 19:2 01:2 71:2 production:4 17:2 00:2 13:10 90:1 70:3 import:4 0:31 35:2 2:7 29:1 domestic:3 use:4 14:2 54:4 51:3 49:1 export:4 50:3 1:10 20:2 end:4 32:1 argentina:1 83:6 80:4 7:4 30:3 nil:8 97:2 74:2 65:2 91:2 ec:1 12:5 52:2 66:2 33:2 89:1 85:1 99:1 96:1 72:1 68:1 34:1 11:2 40:1 41:1 japan:1 stck:1 76:4 79:2 25:2 23:2 84:2 dome:1 5:4 10:2 06:2 75:2 | SOYBEAN SUPPLY/DEMAND BY COUNTRY -- USDA
The U.S. Agriculture Department
detailed world supply/demand data for major importers and
exporters of soybeans, by country, as follows in mln tonnes --
BRAZIL SOYBEANS
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stocks 4.19 4.01 4.71 4.71
Production 17.00 17.00 13.90 13.70
Imports 0.35 0.35 2.09 0.29
Domestic Use 14.54 14.54 13.51 13.49
Exports 2.50 2.50 1.20 1.20
End Stocks 4.50 4.32 4.19 4.01
ARGENTINA SOYBEANS, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stocks 1.83 1.83 1.80 1.80
Production 7.70 7.70 7.30 7.30
Imports NIL NIL NIL NIL
Domestic Use 4.97 4.97 4.74 4.74
Exports 2.65 2.65 2.54 2.54
End Stocks 1.91 1.91 1.83 1.83
EC-12 SOYBEANS, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stocks 0.51 0.52 0.66 0.66
Production 0.83 0.83 0.33 0.33
Imports 12.89 12.85 12.99 12.96
Domestic Use 13.72 13.68 13.34 13.30
Exports 0.11 0.11 0.13 0.13
End Stocks 0.40 0.41 0.51 0.52
JAPAN SOYBEANS, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.76 0.76 0.79 0.79
Production 0.25 0.25 0.23 0.23
Imports 4.84 4.84 4.80 4.80
Domes Use 5.10 5.10 5.06 5.06
Exports NIL NIL NIL NIL
End Stocks 0.75 0.75 0.76 0.76
|
test/15922 | test/15922 |@title soybean:1 meal:1 supply:1 demand:1 country:1 usda:1 |@word u:1 agriculture:1 department:1 detailed:1 world:1 supply:1 demand:1 datum:1 major:1 importer:1 exporter:1 soybean:4 meal:4 country:1 follow:1 mln:3 tonne:3 argentina:1 1986:3 87:14 1985:3 86:4 04:6 09:13 03:8 start:3 stck:3 0:28 13:8 19:2 production:3 3:8 67:2 49:3 import:3 nil:8 dome:3 use:3 35:4 export:3 30:4 20:2 end:3 stock:3 15:2 brazil:1 61:3 60:2 72:2 10:7 40:6 39:1 9:2 69:1 66:1 2:4 55:2 41:1 7:4 85:2 38:2 59:2 ec:1 12:1 44:3 45:1 18:5 17:1 48:2 50:1 57:1 5:4 07:1 11:1 | SOYBEAN MEAL SUPPLY/DEMAND BY COUNTRY -- USDA
The U.S. Agriculture Department
detailed world supply/demand data for major importers and
exporters of soybean meal, by country, as follows in mln tonnes
--
ARGENTINA SOYBEAN MEAL --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.13 0.13 0.19 0.19
Production 3.67 3.67 3.49 3.49
Imports NIL NIL NIL NIL
Domes Use 0.35 0.35 0.35 0.35
Exports 3.30 3.30 3.20 3.20
End Stocks 0.15 0.15 0.13 0.13
BRAZIL SOYBEAN MEAL, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.61 0.60 0.72 0.72
Production 10.40 10.39 9.69 9.66
Imports NIL NIL NIL NIL
Domes Use 2.55 2.55 2.41 2.40
Exports 7.85 7.85 7.38 7.38
End Stocks 0.61 0.59 0.61 0.60
EC-12 SOYBEAN MEAL, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/86 04/09/87 03/09/87
Start Stcks 0.40 0.40 0.44 0.44
Production 10.44 10.45 10.18 10.17
Imports 13.03 13.03 13.48 13.48
Domes Use 18.50 18.49 18.59 18.57
Exports 5.07 5.09 5.10 5.11
End Stocks 0.30 0.30 0.40 0.40
|
test/15923 | test/15923 |@title soybean:1 oil:1 supply:1 demand:1 country:1 usda:1 |@word u:1 agriculture:1 department:1 detailed:1 world:1 supply:1 demand:1 datum:1 major:1 importer:1 exporter:1 soybean:4 oil:4 country:1 mln:3 tonne:3 argentina:1 1986:4 87:20 1985:4 86:4 04:8 09:16 03:8 start:4 stck:4 0:68 10:10 production:4 77:2 73:2 import:4 nil:8 dome:4 use:4 11:2 export:4 66:2 63:2 end:4 stock:4 brazil:1 32:3 28:3 24:2 2:10 52:3 51:1 35:4 15:4 12:6 00:2 1:10 94:1 98:1 65:2 45:3 34:1 ec:1 22:5 23:3 33:1 26:2 44:2 50:2 46:1 38:2 29:1 30:1 39:2 india:1 07:3 21:2 17:2 25:2 49:1 54:1 | SOYBEAN OIL SUPPLY/DEMAND BY COUNTRY -- USDA
The U.S. Agriculture Department
detailed world supply/demand data for major importers and
exporters of soybean oil, by country, in mln tonnes --
ARGENTINA --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.10 0.10 0.10 0.10
Production 0.77 0.77 0.73 0.73
Imports NIL NIL NIL NIL
Domes Use 0.10 0.10 0.11 0.11
Exports 0.66 0.66 0.63 0.63
End Stocks 0.10 0.10 0.10 0.10
BRAZIL SOYBEAN OIL, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.32 0.28 0.24 0.24
Production 2.52 2.51 2.35 2.35
Imports 0.15 0.15 0.12 0.12
Domes Use 2.00 2.00 1.94 1.98
Exports 0.65 0.65 0.45 0.45
End Stocks 0.34 0.28 0.32 0.28
EC-12 SOYBEAN OIL, in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.22 0.22 0.23 0.22
Production 2.32 2.33 2.26 2.26
Imports 0.44 0.44 0.50 0.50
Domes Use 1.46 1.45 1.38 1.38
Exports 1.29 1.30 1.39 1.39
End Stocks 0.23 0.23 0.22 0.22
INDIA SOYBEAN OIL --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 0.12 0.07 0.21 0.21
Production 0.17 0.17 0.15 0.15
Imports 0.35 0.35 0.25 0.25
Domes Use 0.52 0.52 0.49 0.54
Exports NIL NIL NIL NIL
End Stocks 0.12 0.07 0.12 0.07
|
test/15924 | test/15924 |@title royal:1 dutch:1 rd:1 unit:1 raise:1 heavy:1 fuel:1 price:1 |@word scallop:1 petroleum:1 corp:1 subsidiary:1 royal:1 dutch:1 shell:1 group:1 say:3 raise:1 contract:1 price:3 heavy:1 fuel:2 50:4 ct:5 one:5 dlr:4 barrel:1 effective:1 tomorrow:1 increase:1 bring:1 0:4 5:1 pct:8 sulphur:8 21:3 dlrs:8 7:2 75:4 20:1 25:2 two:1 19:3 2:3 8:1 company:1 3:1 unchanged:1 22:1 | ROYAL DUTCH (RD) UNIT TO RAISE HEAVY FUEL PRICES
Scallop Petroleum Corp, a subsidiary of
Royal Dutch/Shell group, said it will raise contract prices for
heavy fuel 50 cts to one dlr a barrel, effective tomorrow.
The increase brings the price for 0.5 pct sulphur fuel to
21.50 dlrs, up 50 cts, 0.7 pct sulphur to 21 dlrs, up 75 cts,
0.7 pct sulphur to 21 dlrs, up 75 cts, one pct sulphur to 20.25
dlrs, up 75 cts, two pct sulphur to 19.75 dlrs, up one dlr, 2.2
pct sulphur to 19.50 dlrs, up one dlr, 2.8 pct sulphur 19 dlrs,
up one dlr, the company said.
Price for 0.3 pct sulphur was unchanged at 22.25 dlrs, it
said.
|
test/15925 | test/15925 |@title cotton:1 supply:1 demand:1 country:1 usda:1 |@word u:1 agriculture:1 department:1 detailed:1 world:1 supply:1 demand:1 datum:1 major:1 importer:1 exporter:1 cotton:5 country:1 follow:1 mln:4 480:4 lb:1 bale:4 china:1 1986:4 87:20 1985:4 86:4 04:8 09:16 03:8 start:4 stck:1 16:4 00:11 18:2 30:5 19:5 40:1 80:3 production:4 import:4 x:10 dome:1 use:4 21:1 17:2 50:6 export:4 2:18 90:2 end:4 stock:7 9:5 05:5 14:1 55:1 less:2 5:4 000:2 bales:2 pakistan:1 1:10 07:4 6:2 10:8 67:2 domestic:3 34:2 3:14 15:4 51:2 ussr:1 lbs:2 76:4 62:2 11:2 20:2 12:2 0:10 65:2 70:2 60:2 46:2 japan:1 52:6 61:2 nil:8 | COTTON SUPPLY/DEMAND BY COUNTRY -- USDA
The U.S. Agriculture Department
detailed world supply/demand data for major importers and
exporters of cotton, by country, as follows, in mln 480-lb
bales --
CHINA COTTON --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 16.00 18.30 19.40 19.80
Production 16.30 16.30 19.00 19.00
Imports X X X X
Domes Use 21.00 17.50 19.50 17.50
Exports 2.30 2.50 2.90 2.90
End Stocks 9.05 14.55 16.00 18.30
X - Less than 5,000 bales
PAKISTAN COTTON, in mln 480 bales --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stocks 1.07 1.07 1.05 1.05
Production 6.10 6.10 5.67 5.67
Imports X X X X
Domestic Use 2.50 2.50 2.34 2.34
Exports 3.00 3.00 3.15 3.15
End Stocks 1.51 1.51 1.07 1.07
X - Less than 5,000 bales.
USSR COTTON, in mln 480-lbs bales --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stocks 2.76 2.76 2.62 2.62
Production 11.20 11.20 12.10 12.10
Imports 1.00 1.00 0.65 0.65
Domestic Use 9.70 9.70 9.60 9.60
Exports 2.80 2.80 3.00 3.00
End Stocks 2.46 2.46 2.76 2.76
JAPAN COTTON, in mln 480-lbs bales --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stocks 0.52 0.52 0.61 0.61
Production NIL NIL NIL NIL
Imports 3.10 3.10 3.05 3.05
Domestic Use 3.10 3.10 3.15 3.15
Exports NIL NIL NIL NIL
End Stocks 0.52 0.52 0.52 0.52
|
test/15927 | test/15927 |@title export:1 bonus:1 wheat:1 flour:1 iraq:1 usda:1 |@word commodity:2 credit:1 corporation:1 ccc:2 accept:1 bid:1 export:2 bonus:3 cover:1 sale:1 12:1 500:1 tonne:3 u:2 wheat:3 flour:3 iraq:2 agriculture:1 department:3 say:3 award:2 105:1 82:1 dlrs:1 per:1 shipment:1 july:1 1:1 10:1 1987:2 pillsbury:1 company:1 pay:1 form:1 stock:1 additional:1 150:1 000:1 still:1 available:1 enhancement:1 program:1 initiative:1 announce:1 january:1 7:1 | EXPORT BONUS WHEAT FLOUR TO IRAQ --USDA
The Commodity Credit Corporation
(CCC) accepted a bid for an export bonus to cover a sale of
12,500 tonnes of U.S. wheat flour to Iraq, the U.S. Agriculture
Department said.
The department said the bonus awarded was 105.82 dlrs per
tonne and the wheat flour is for shipment July 1-10, 1987.
The bonus was awarded to The Pillsbury Company and will be
paid in the form of commodities from CCC stocks.
An additional 150,000 tonnes of wheat flour is still
available to Iraq under the Export Enhancement Program
initiative announced January 7, 1987, the department said.
|
test/15928 | test/15928 |@title rice:1 supply:1 demand:1 thailand:1 usda:1 |@word u:1 agriculture:1 department:1 detailed:1 rice:2 supply:1 demand:1 mill:1 basis:1 datum:1 thailand:1 world:1 major:1 exporter:1 follow:1 mln:1 tonne:1 1986:1 87:5 1985:1 86:1 04:3 09:4 03:2 start:1 stck:1 1:7 32:2 33:2 46:2 production:1 11:1 88:1 12:1 14:1 13:2 00:2 import:1 nil:4 dome:1 use:1 8:4 73:2 80:2 export:1 3:2 70:2 4:2 34:2 end:1 stock:1 0:1 77:1 | RICE SUPPLY/DEMAND FOR THAILAND -- USDA
The U.S. Agriculture Department
detailed rice supply/demand milled-basis data for Thailand, the
world's major rice exporter, as follows in mln tonnes --
1986/87 1985/86
04/09/87 03/09/87 04/09/87 03/09/87
Start Stcks 1.32 1.33 1.46 1.46
Production 11.88 12.14 13.00 13.00
Imports NIL NIL NIL NIL
Domes Use 8.73 8.73 8.80 8.80
Exports 3.70 3.70 4.34 4.34
End Stocks 0.77 1.04 1.32 1.33
|
test/15929 | test/15929 |@title usda:1 florida:1 orange:1 report:1 consider:1 bearish:1 |@word u:1 agriculture:1 department:1 late:1 estimate:3 1986:1 87:1 florida:2 orange:4 production:2 juice:2 yield:4 bearish:1 frozen:1 concentrated:1 future:1 market:1 increase:2 great:1 expect:1 fcoj:2 trader:2 analyst:2 say:2 usda:1 project:1 average:1 1:2 50:1 gallon:2 per:1 box:4 versus:2 last:2 month:2 47:1 government:1 exclude:1 temple:2 122:1 9:1 mln:3 124:1 unchanged:1 3:1 4:1 unexpectedly:1 large:1 outweigh:1 anticipate:1 drop:1 count:1 | USDA FLORIDA ORANGE REPORT CONSIDERED BEARISH
The U.S. Agriculture Department's
latest estimates on 1986/87 Florida orange production and
orange juice yield are bearish for the frozen concentrated
orange juice futures market because the yield increase was
greater than expected, FCOJ traders and analysts said.
The USDA projected an average yield of 1.50 gallons of FCOJ
per box versus last month's estimate of 1.47 gallons.
The government estimated Florida orange production
(excluding Temples) at 122.9 mln boxes versus 124 mln last
month. Temples were unchanged at 3.4 mln boxes.
Traders and analysts said the unexpectedly large yield
increase outweighed the anticipated drop in box count.
|
test/15930 | test/15930 |@title james:1 river:1 corp:1 jr:1 sets:1 regular:1 dividend:1 |@word qtly:1 div:1 10:2 ct:2 vs:1 prior:1 pay:1 april:2 30:1 record:1 21:1 | JAMES RIVER CORP <JR> SETS REGULAR DIVIDEND
Qtly div 10 cts vs 10 cts prior
Pay April 30
Record April 21
|
test/15932 | test/15932 |@title noranda:1 begin:1 salvage:1 operation:1 murdochville:1 |@word noranda:7 inc:1 say:7 begin:2 salvage:1 operation:2 murdochville:1 quebec:3 mine:4 fire:5 last:1 week:1 kill:1 one:1 miner:2 cause:3 10:1 mln:1 dlrs:1 damage:2 another:1 56:1 trap:1 underground:1 long:1 24:1 hour:1 bring:1 safety:2 full:1 extent:1 still:1 unknown:1 know:1 destroy:1 6:1 000:2 foot:1 conveyor:1 belt:1 work:1 crew:1 secure:2 ramp:2 lead:1 zone:2 locate:1 company:1 extreme:1 heat:1 severe:1 rock:1 degradation:1 along:1 several:1 drift:1 estimate:1 complete:2 end:1 april:1 health:1 commission:1 provincial:1 police:1 conduct:1 investigation:2 production:1 suspend:1 copper:2 smelter:2 produce:1 72:1 ton:1 anode:1 1986:1 employ:1 680:1 people:1 continue:1 operate:1 available:1 concentrate:1 stockpiled:1 supply:1 reuter:1 | NORANDA BEGINS SALVAGE OPERATIONS AT MURDOCHVILLE
<Noranda Inc> said it began salvage
operations at its Murdochville, Quebec, mine, where a fire last
week killed one miner and caused 10 mln dlrs in damage.
Another 56 miners were trapped underground for as long as
24 hours before they were brought to safety.
Noranda said the cause and full extent of the damage is
still unknown but said it does know that the fire destroyed
6,000 feet of conveyor belt.
Noranda said work crews have begun securing the ramp
leading into the zone where the fire was located. The company
said extreme heat from the fire caused severe rock degradation
along several ramps and drifts in the mine.
Noranda estimated that the securing operation for the zone
will not be completed before the end of April.
Noranda said the Quebec Health and Safety Commission, the
Quebec Provincial Police and Noranda itself are each conducting
an investigation into the fire.
Production at the mine has been suspended until the
investigations are complete. The copper mine and smelter
produced 72,000 tons of copper anodes in 1986 and employs 680
people.
The smelter continues to operate with available
concentrate from stockpiled supplies, Noranda said. Reuter
|
test/15933 | test/15933 |@title newhall:1 investment:1 propertie:1 nip:1 payout:1 |@word shr:1 10:2 ct:2 vs:1 prior:1 qtr:1 pay:1 june:1 one:1 record:1 april:1 24:1 | NEWHALL INVESTMENT PROPERTIES <NIP> PAYOUT
Shr 10 cts vs 10 cts prior qtr
Pay June one
Record April 24
|
test/15934 | test/15934 |@title newhall:1 resource:1 nr:1 qtly:1 distribution:1 |@word shr:1 15:2 ct:2 vs:1 prior:1 qtr:1 pay:1 june:1 one:1 record:1 april:1 24:1 | NEWHALL RESOURCES <NR> QTLY DISTRIBUTION
Shr 15 cts vs 15 cts prior qtr
Pay June one
Record April 24
|
test/15937 | test/15937 |@title westinghouse:2 electric:2 corp:2 1st:2 qtr:2 shr:2 1:2 05:2 dlrs:2 vs:2 88:2 ct:2 |@word | WESTINGHOUSE ELECTRIC CORP 1ST QTR SHR 1.05 DLRS VS 88 CTS
WESTINGHOUSE ELECTRIC CORP 1ST QTR SHR 1.05 DLRS VS 88 CTS
|
test/15939 | test/15939 |@title u:1 oil:1 dependency:1 see:1 rise:1 record:1 level:1 |@word united:1 states:1 dependency:3 foreign:5 oil:11 source:2 may:2 reach:1 record:1 level:2 mid:1 1990:2 accord:1 john:1 h:1 lichtblau:9 president:1 petroleum:2 industry:1 research:1 associate:1 speak:1 alternative:3 energy:3 conference:1 say:9 u:5 depend:2 supplier:2 much:4 52:1 pct:5 1995:2 surpassse:1 previous:1 high:1 47:1 1977:1 long:1 term:1 growth:2 inevitable:1 30:1 import:1 could:3 come:1 opec:2 nation:2 33:1 1986:1 predict:1 would:3 increase:2 40:1 however:1 rate:2 affect:1 positively:1 negatively:1 government:3 action:2 inaction:1 one:1 negative:1 maintenance:1 windfall:1 profit:1 tax:2 act:1 disincentive:1 develop:2 exist:1 field:1 reduce:1 cash:1 flow:1 exploration:1 call:2 adoption:1 international:2 floor:2 price:4 crude:1 help:1 stabilize:1 world:1 adopt:1 industrial:1 country:1 clearly:1 effective:1 measure:1 less:1 distortive:1 impose:1 alone:1 development:2 alternate:1 synthetic:1 fuel:1 well:1 alaska:1 lessen:1 potential:1 supply:1 limit:1 willingness:1 raise:1 also:1 federal:1 offer:1 abatement:1 drilling:1 fill:1 strategic:1 reserve:1 fast:1 pilot:1 plan:1 | U.S. OIL DEPENDENCY SEEN RISING TO RECORD LEVEL
The United States' dependency on
foreign oil sources may reach record levels by the mid-1990s,
according to John H. Lichtblau, president of Petroleum Industry
Research Associates.
Lichtblau, speaking at an alternative energy conference
here, said the U.S. may depend on foreign suppliers for as much
as 52 pct of its oil by 1995, surpasssing the previous high
level of 47 pct in 1977.
'The long term growth in dependency on foreign oil is
inevitable,' Lichtblau said. As much as 30 pct of U.S. oil
imports in 1995 could come from OPEC nations, he said.
Lichtblau said the U.S. depended on foreign suppliers for
33 pct of its oil in 1986 and predicted that would increase to
40 pct by 1990.
'However, the rate of this growth can be affected
positively or negatively through government action or
inaction,' Lichtblau said.
He said that one of the government's negative actions is
the maintenance of the windfall profits tax which acts as a
disincentive to developing existing fields and reduces cash
flow for oil exploration.
Lichtblau called for the adoption of an international floor
price for crude oil to help stabilize world oil prices.
'An international floor price adopted by all or most
industrial countries would clearly be a much more effective
measure and would be much less distortive for the U.S. than if
we imposed it alone,' Lichtblau said.
Development of alternate energy sources such as synthetic
fuels as well as increased development in Alaska could lessen
U.S. dependency on foreign oil, Lichtblau said.
A potential for alternative supplies could limit the
willingness of OPEC nations to raise oil prices, he said.
Lichtblau also called for the federal government to offer
tax abatements for oil drilling, to fill the Strategic
Petroleum Reserve at a faster rate and to develop pilot plans
for alternative energy.
|
test/15942 | test/15942 |@title grain:1 ship:1 load:1 portland:1 |@word six:1 grain:1 ship:2 loading:1 eight:1 wait:1 load:1 portland:2 accord:1 merchants:1 exchange:1 | GRAIN SHIPS LOADING AT PORTLAND
There were six grain ships loading and
eight ships were waiting to load at Portland, according to the
Portland Merchants Exchange.
|
test/15944 | test/15944 |@title westinghouse:1 electric:1 corp:1 wx:1 1st:1 qtr:1 net:1 |@word shr:2 primary:1 1:2 05:2 dlrs:2 vs:5 88:1 ct:2 dilulte:1 86:1 net:1 151:1 6:2 mln:4 135:1 2:3 revs:1 32:1 billion:2 55:1 avg:1 shrs:1 144:1 154:1 5:1 | WESTINGHOUSE ELECTRIC CORP <WX> 1ST QTR NET
Shr primary 1.05 dlrs vs 88 cts
Shr dilulted 1.05 dlrs vs 86 cts
Net 151.6 mln vs 135.2 mln
Revs 2.32 billion vs 2.55 billion
Avg shrs 144.6 mln vs 154.5 mln
|
test/15949 | test/15949 |@title ccc:1 guarantee:1 iraq:1 switch:1 usda:1 |@word commodity:1 credit:2 corporation:1 ccc:1 transfer:1 12:1 0:6 mln:6 dlrs:6 guarantee:3 previously:1 earmark:1 sale:3 u:3 hatching:1 egg:2 7:1 breeder:2 livestock:2 increase:2 coverage:1 protein:2 concentrate:2 iraq:2 agriculture:1 department:2 say:3 action:1 take:1 request:1 state:1 trade:1 organization:1 grain:1 foodstuff:1 reduce:1 line:3 hatch:1 zero:1 15:1 8:1 25:1 44:1 | CCC GUARANTEES TO IRAQ SWITCHED --USDA
The Commodity Credit Corporation
(CCC) has transferred 12.0 mln dlrs in credit guarantees
previously earmarked for sales of U.S. hatching eggs and 7.0
mln dlrs in guarantees for breeder livestock to increase
coverage on sales of U.S. protein concentrates to Iraq, the
U.S. Agriculture Department said.
The action was taken at the request of Iraq's State Trade
Organization for Grains and Foodstuffs and reduces the line for
hatching eggs to zero and the line for breeder livestock from
15.0 mln dlrs to 8.0 mln dlrs, the department said.
The guarantee line for sales of protein concentrates has
been increased from 25.0 mln dlrs to 44.0 mln dlrs, it said.
|
test/15950 | test/15950 |@title new:1 york:1 business:1 loan:1 fall:1 1:1 31:1 billion:1 dlrs:1 |@word commercial:2 industrial:1 loan:3 book:1 10:1 major:1 new:2 york:2 bank:2 exclude:1 acceptance:2 fall:2 1:3 31:1 billion:6 dlrs:3 62:1 70:1 week:1 end:1 april:1 federal:1 reserve:1 say:1 include:1 drop:1 34:1 63:1 23:1 paper:1 outstanding:1 nationally:1 4:1 80:1 334:1 28:1 national:1 business:1 datum:1 schedule:1 release:1 friday:1 | NEW YORK BUSINESS LOANS FALL 1.31 BILLION DLRS
Commercial and industrial loans on the
books of the 10 major New York banks, excluding acceptances,
fell 1.31 billion dlrs to 62.70 billion in the week ended April
1, the Federal Reserve Bank of New York said.
Including acceptances, loans dropped 1.34 billion dlrs to
63.23 billion.
Commercial paper outstanding nationally fell 4.80 billion
dlrs to 334.28 billion.
National business loan data are scheduled to be released on
Friday.
|
test/15951 | test/15951 |@title n:1 bank:1 discount:1 borrowing:1 169:1 mln:1 dlrs:1 |@word eight:1 major:1 new:1 york:1 city:1 bank:4 daily:1 average:2 borrowing:3 169:1 mln:2 dlrs:2 federal:1 reserve:1 week:3 end:2 april:1 8:1 fed:2 spokesman:2 say:2 make:1 yesterday:1 half:2 second:1 two:1 statement:1 period:2 wednesday:1 142:1 first:1 | N.Y. BANK DISCOUNT BORROWINGS 169 MLN DLRS
The eight major New York City banks had
daily average borrowings of 169 mln dlrs from the Federal
Reserve in the week ended April 8, a Fed spokesman said.
A Fed spokesman said that all of the borrowings were made
yesterday by fewer than half the banks.
It was the second half of the two-week bank statement
period that ended on Wednesday. Average borrowings by these
banks were 142 mln dlrs in the first week of the period.
|
test/15952 | test/15952 |@title national:1 average:1 price:1 farmer:1 reserve:1 |@word u:1 agriculture:1 department:1 report:1 farmer:1 reserve:2 national:1 five:1 day:1 average:1 price:5 april:1 8:1 follow:1 dlrs:2 bu:1 sorghum:3 cwt:2 natl:2 loan:2 release:2 call:2 avge:2 rate:3 x:4 level:5 wheat:4 2:6 62:1 40:1 iv:5 4:3 65:4 v:6 vi:2 45:1 corn:2 1:7 38:1 92:1 3:4 15:2 25:2 1986:2 rates:1 oats:1 58:1 0:1 99:1 barley:2 55:3 56:1 54:2 5:4 36:2 ii:1 iii:1 mature:1 reflect:1 grain:1 enter:2 oct:1 6:1 1981:2 feedgrain:1 july:1 23:1 14:1 82:2 7:1 cover:1 january:1 19:1 1984:1 per:1 100:1 lb:1 | NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE
The U.S. Agriculture Department
reported the farmer-owned reserve national five-day average
price through April 8 as follows (Dlrs/Bu-Sorghum Cwt) -
Natl Loan Release Call
Avge Rate-X Level Price Price
Wheat 2.62 2.40 IV 4.65 --
V 4.65 --
VI 4.45 --
Corn 1.38 1.92 IV 3.15 3.15
V 3.25 --
X - 1986 Rates.
Natl Loan Release Call
Avge Rate-X Level Price Price
Oats 1.58 0.99 V 1.65 --
Barley 1.55 1.56 IV 2.55 2.55
V 2.65 --
Sorghum 2.54 3.25-Y IV 5.36 5.36
V 5.54 --
Reserves I, II and III have matured. Level IV reflects
grain entered after Oct 6, 1981 for feedgrain and after July
23, 1981 for wheat. Level V wheat/barley after 5/14/82,
corn/sorghum after 7/1/82. Level VI covers wheat entered after
January 19, 1984. X-1986 rates. Y-dlrs per CWT (100 lbs).
|
test/15953 | test/15953 |@title u:1 weekly:1 soybean:1 crush:1 19:1 416:1 000:1 bushel:1 |@word report:2 member:3 national:1 soybean:4 processors:1 association:2 nspa:5 crush:3 19:2 416:2 000:4 bushel:4 week:8 end:1 april:1 8:1 compare:2 20:2 115:2 previous:1 17:2 160:2 year:5 ago:5 say:4 total:2 capacity:1 25:3 873:2 904:2 vs:2 last:2 459:1 238:1 also:1 u:2 meal:1 export:1 70:1 351:1 tonne:3 135:1 452:1 76:1 065:1 figure:1 include:2 firm:1 give:1 follow:1 breakdown:1 comparison:1 1:7 bu:1 4:2 08:1 87:2 01:1 illinois:1 2:5 576:1 3:8 479:1 x:2 ind:2 ky:2 ohio:2 586:1 376:1 6:1 053:1 south:3 east:1 871:1 791:1 058:1 central:1 631:1 934:1 563:1 west:1 426:1 334:1 183:1 iowa:1 450:1 550:1 815:1 minn:1 n:1 875:1 651:1 488:1 ill:2 exclusive:1 period:1 | U.S. WEEKLY SOYBEAN CRUSH 19,416,000 BUSHELS
Reporting members of the National
Soybean Processors Association (NSPA) crushed 19,416,000
bushels of soybeans in the week ended April 8 compared with
20,115,000 bushels in the previous week and 17,160,000 in the
year-ago week, the association said.
It said total crushing capacity for members was 25,873,904
bushels vs 25,873,904 last week and 25,459,238 bushels last
year.
NSPA also said U.S. soybean meal exports in the week were
70,351 tonnes vs 135,452 tonnes a week ago and compared with
76,065 tonnes in the year-ago week.
NSPA said the figures include only NSPA member firms.
NSPA gave the following breakdown of the soybean crush for
the week, with comparisons, in 1,000 bu:
4/08/87 4/01/87 YEAR-AGO
Illinois 2,576 3,479 X
Ind, Ky, Ohio 3,586 3,376 6,053-Y
South East 3,871 3,791 3,058
South Central 1,631 1,934 1,563
South West 2,426 2,334 2,183
Iowa 3,450 3,550 2,815
Minn, N.D., S.D. 1,875 1,651 1,488
Total U.S. 19,416 20,115 17,160
X-Ill not reported exclusive of Ind, Ky and Ohio in year-ago
period. Y-Includes Ill.
|
test/15956 | test/15956 |@title fundamental:1 broker:2 buy:1 part:1 mki:1 |@word fundamental:5 brokers:2 institutional:1 associate:1 lead:1 inter:1 dealer:1 broker:3 u:1 government:3 security:2 say:6 agree:1 acquire:2 certain:2 asset:2 mki:4 inc:1 undisclosed:1 term:1 acquisition:1 document:1 sign:1 hold:1 escrow:1 pende:1 receipt:1 consent:1 conjunction:1 sale:1 cease:1 treasury:2 bill:1 note:1 bond:2 industry:1 source:1 tell:1 reuters:1 yesterday:1 close:1 brokerage:1 division:1 major:1 corporate:1 intend:1 use:2 facility:1 formerly:1 provide:1 new:2 block:1 brokering:2 service:2 active:1 issue:1 separate:1 execution:1 wholesale:2 trade:1 heavy:1 volume:1 small:1 lot:1 large:1 scale:1 transaction:1 facilitate:1 company:1 system:1 expect:1 substantially:1 enhance:1 liquidity:1 effiency:1 market:1 begin:1 around:1 april:1 20:1 | FUNDAMENTAL BROKERS BUYS PART OF MKI BROKERS
Fundamental Brokers Institutional
Associates, a leading inter-dealer broker in U.S. government
securities, said it has agreed to acquire certain assets of MKI
Government Brokers Inc for undisclosed terms.
Acquisition documents have been signed and are being held
in escrow pending the receipt of certain consents, it said.
In conjunction with the sale of assets, MKI has ceased
brokering treasury bills, notes and bonds, Fundamental said.
Industry sources told Reuters yesterday that Fundamental
was close to acquiring the government securities brokerage
division of MKI, a major broker of corporate bonds.
Fundamental said it intends to use the facilities formerly
used by MKI to provide a new block brokering service in the
most active Treasury issues.
By separating the execution of wholesale trades from the
heavy volume of smaller lots, large-scale transactions will be
facilitated, the company said.
'The new system is expected to substantially enhance the
liquidity and effiency of markets,' Fundamental said.
The wholesale brokering service will begin on or around
April 20.
|
test/15959 | test/15959 |@title newhall:1 investment:1 nip:1 set:1 special:1 payout:1 |@word newhall:1 investment:1 property:1 say:1 declare:1 special:1 distribution:1 50:1 ct:1 per:1 share:1 payable:1 june:1 one:1 unitholder:1 record:1 april:1 24:1 | NEWHALL INVESTMENT <NIP> SETS SPECIAL PAYOUT
Newhall Investment Properties
said it declared a special distribution of 50 cts per share,
payable June one, to unitholders of record April 24.
|
test/15960 | test/15960 |@title fcoj:1 movement:1 4:1 496:1 533:1 gallon:1 last:1 week:1 |@word florida:1 citrus:1 processors:1 association:1 say:1 frozen:1 concentrate:1 orange:1 juice:1 movement:4 trade:1 channel:1 week:5 end:2 april:1 4:3 total:1 496:1 533:1 gallon:6 versus:6 5:1 058:1 976:1 march:1 28:1 141:1 578:1 corresponding:1 year:6 ago:4 period:1 499:1 967:1 foreign:1 import:2 last:3 341:1 280:1 domestic:1 24:1 774:1 retail:1 1:2 741:1 139:2 464:1 490:1 bulk:1 2:2 328:1 368:1 383:1 earlier:1 current:1 season:2 cumulative:2 79:1 516:1 753:1 76:1 919:1 119:1 net:1 pack:1 86:1 254:1 846:1 82:1 355:1 864:1 inventory:1 75:2 212:1 711:1 985:1 696:1 | FCOJ MOVEMENT 4,496,533 GALLONS LAST WEEK
Florida Citrus Processors
Association said frozen concentrated orange juice movement into
trade channels in the week ended April 4 totalled 4,496,533
gallons versus 5,058,976 gallons in the week ended March 28 and
4,141,578 gallons in the corresponding year-ago period.
There were 499,967 gallons of foreign imports last week
versus 341,280 gallons the week before. Domestic imports last
week were 24,774. Retail movement was 1,741,139 versus
1,464,490 a year ago. Bulk movement was 2,328,368 against
2,139,383 a year earlier.
Current season cumulative movement was 79,516,753 gallons
versus 76,919,119 last year. Cumulative net pack for the season
was 86,254,846 versus 82,355,864 a year ago. Inventory was
75,212,711 versus 75,985,696 a year ago.
|
test/15961 | test/15961 |@title national:1 heritage:1 nher:1 buy:1 management:1 firm:1 |@word national:3 heritage:2 inc:1 say:2 acquire:4 asset:2 chartham:1 management:2 corp:2 salem:2 ore:1 term:1 disclose:1 use:1 form:1 new:1 divisional:1 office:1 serve:1 northwest:1 nursing:3 home:3 operator:1 newly:1 operation:1 responsibility:1 2:1 500:1 bed:1 28:2 seven:1 state:1 southmark:2 sm:1 80:1 pct:1 recently:1 agree:1 facility:1 manager:1 property:1 | NATIONAL HERITAGE <NHER> BUYS MANAGEMENT FIRM
National Heritage Inc said it acquired
the assets of Chartham Management Corp of Salem, Ore.
Terms were not disclosed.
The assets acquired will be used to form a new divisional
office serving the northwest, the nursing home operator said.
The newly acquired Salem operation has management
responsibility for about 2,500 beds in 28 nursing homes in
seven states.
Southmark Corp <SM>, which owns 80 pct of National
Heritage, recently agreed to acquire the 28 facilities.
National is the manager of nursing home properties owned by
Southmark.
|
test/15963 | test/15963 |@title ohio:1 mattress:1 omt:1 buy:1 sealy:1 michigan:1 |@word ohio:2 mattress:3 co:3 say:2 sealy:6 manufacturing:1 unit:1 complete:1 previously:1 announce:1 acquisition:1 michigan:2 inc:2 addition:1 company:2 82:1 pct:2 redeem:1 outstanding:1 stock:1 hold:1 thus:1 increase:1 stake:1 93:1 | OHIO MATTRESS <OMT> BUYS SEALY OF MICHIGAN
Ohio Mattress Co said that its
Ohio-Sealy Mattress Manufacturing Co unit completed its
previously announced acquisition of Sealy Mattress Co of
Michigan Inc.
In addition, the company said Sealy Inc, of which its owns
82 pct, redeemed the outstanding Sealy stock held by Michigan
Sealy, thus increasing the company's stake in Sealy to 93 pct.
|
test/15964 | test/15964 |@title la:1 land:1 llx:1 du:1 pont:1 dd:1 get:1 exploration:1 tract:1 |@word louisiana:4 land:4 exploration:3 co:3 say:4 du:1 pont:1 conoco:3 inc:1 subsidiary:1 oranje:1 nassau:2 energie:1 b:1 v:1 offer:4 four:1 block:5 offshore:3 netherlands:2 blocks:1 q4a:1 e12c:1 e15b:1 group:3 67:1 5:2 pct:3 interest:1 20:1 orange:1 12:1 along:1 consortium:1 head:1 pennzoil:1 pzl:1 q5c:1 result:1 application:1 submit:1 ministry:1 economic:1 affairs:1 sixth:1 licensing:1 round:1 intend:1 provide:1 formal:1 acceptance:1 plan:1 start:1 year:1 company:1 also:1 two:1 q:1 immediately:1 offset:1 hydrocarbon:1 find:1 commercial:1 quantity:1 | LA LAND <LLX>,DU PONT <DD>GET EXPLORATION TRACTS
Louisiana Land and Exploration Co
said it, Du Pont Co's Conoco Inc subsidiary and <Oranje-Nassau
Energie B.V.> have been offered four exploration blocks
offshore The Netherlands.
Louisiana Land said Blocks Q4a, E12c and E15b were offered
to the group in which Conoco has a 67.5 pct interest, Louisiana
Land 20 pct and Orange-Nassau 12.5 pct, while this group along
with a consortium headed by Pennzoil Co <PZL> were offered
Block Q5c. The offers were the result of applications submitted
to the Ministry of Economic Affairs for the Netherlands Sixth
Offshore Licensing Round.
Louisiana Land said the Conoco group intends to provide a
formal acceptance of the blocks with plans to start exploration
this year.
The company also said the two Q blocks immediately offset
other offshore blocks on which hydrocarbons have been found in
commercial quantities.
|
test/15967 | test/15967 |@title patient:1 pti:1 consider:1 debt:1 restructuring:1 |@word patient:2 technology:1 inc:1 say:4 retain:1 investment:1 banking:1 firm:1 consider:1 alternative:1 restructure:2 long:1 term:1 debt:1 include:1 possible:1 exchange:1 offer:1 20:1 mln:4 dlrs:5 outstanding:1 convertible:1 debenture:1 april:1 one:2 begin:1 consolidate:1 sale:2 marketing:1 manufacturing:1 operation:2 consolidation:2 expect:1 complete:1 june:1 company:4 focus:1 balance:1 sheet:1 first:2 quarter:3 adversely:1 affect:1 effort:1 year:2 ago:1 report:2 profit:1 100:1 000:1 7:1 3:1 second:2 transitional:1 period:1 earning:1 growth:1 resume:1 half:1 1987:1 end:1 december:1 31:1 1986:1 net:1 loss:1 1:1 4:1 29:1 8:1 due:1 write:1 discontinue:1 temporary:1 backlog:1 order:1 | PATIENT <PTI> CONSIDERING DEBT RESTRUCTURING
Patient Technology Inc said it
retained an investment banking firm to consider alternatives in
restructuring its long-term debt, including a possible exchange
offer for 20 mln dlrs of outstanding convertible debentures.
On April one, it began consolidating sales, marketing and
manufacturing operations. The consolidation is expected to be
complete by June one and the company said it is now focusing on
restructuring its balance sheet.
The company said the first quarter will be adversely
affected by the consolidation effort.
For the year ago first quarter, the company reported a
profit of 100,000 dlrs on 7.3 mln dlrs.
The company further said that the second quarter will be
transitional period and that earnings growth will resume in the
second half of 1987.
For the year ended December 31, 1986, Patient reported a
net loss of 1.4 mln dlrs on sales of 29.8 mln dlrs, due to
write-offs from discontinued operations and a temporary backlog
of orders.
|
test/15968 | test/15968 |@title napco:1 npco:1 management:1 raise:1 funding:1 |@word napco:1 international:2 inc:1 say:2 suspend:1 plan:1 sell:1 business:2 group:2 top:1 manager:1 fail:1 obtain:1 satisfactory:1 financing:1 company:1 also:1 still:1 intend:1 pursue:1 new:1 corporate:1 direction:1 explore:1 acquisition:1 alternative:1 | NAPCO <NPCO> MANAGEMENT CANNOT RAISE FUNDING
Napco International Inc said it
has suspended its plan to sell its international business to a
group of that business' top managers because the group has
failed to obtain satisfactory financing.
The company also said it still intends to pursue a new
corporate direction, and is exploring acquisition alternatives.
|
test/15969 | test/15969 |@title bank:1 mid:1 america:1 inc:1 boma:1 1st:1 qtr:1 net:1 |@word shr:2 loss:3 18:1 ct:2 vs:5 89:1 net:1 profit:1 161:1 000:2 5:1 938:1 asset:1 3:2 43:1 billion:6 46:1 deposit:1 2:2 68:1 67:1 loan:1 1:2 45:1 64:1 note:1 datum:1 payment:1 preferred:1 dividend:1 | BANKS OF MID-AMERICA INC <BOMA> 1ST QTR NET
Shr loss 18 cts vs loss 89 cts
Net profit 161,000 vs loss 5,938,000
Assets 3.43 billion vs 3.46 billion
Deposits 2.68 billion vs 2.67 billion
Loans 1.45 billion vs 1.64 billion
Note: Shr data after payment of preferred dividends.
|
test/15970 | test/15970 |@title mcdonnell:1 douglas:1 md:1 buy:1 computer:1 firm:1 |@word mcdonnell:3 douglas:3 corp:1 say:2 acquire:1 frampton:1 computer:1 services:1 ltd:1 british:1 software:1 company:2 also:1 know:1 isis:3 term:1 acquisition:1 disclose:1 base:1 bristol:1 england:1 employ:1 65:1 worker:1 annual:1 revenue:1 five:1 mln:1 dlrs:1 add:1 operate:1 part:1 information:1 systems:1 international:1 | MCDONNELL DOUGLAS <MD> BUYS COMPUTER FIRM
McDonnell Douglas Corp said it
acquired Frampton Computer Services Ltd, a British software
company that is also known as Isis.
Terms of the acquisition were not disclosed.
Based in Bristol, England, Isis employs 65 workers and has
annual revenues of about five mln dlrs, McDonnell Douglas said.
The company added that Isis will operate as part of
McDonnell Douglas Information Systems International.
|
test/15973 | test/15973 |@title world:1 market:1 price:1 upland:1 cotton:1 usda:1 |@word u:5 agriculture:1 department:2 announce:1 prevail:1 world:5 market:1 price:7 adjust:2 quality:3 location:5 strict:1 low:1 middling:1 1:5 16:3 inch:2 upland:2 cotton:5 50:2 57:1 ct:3 per:3 lb:3 effect:1 midnight:1 april:2 adjusted:4 average:3 produce:1 near:1 lubbock:1 texas:1 use:1 determine:2 first:2 handler:2 certificate:2 payment:1 rate:2 say:1 since:1 loan:1 repayment:1 44:1 base:2 issue:1 period:1 datum:1 week:1 end:1 9:2 follow:1 northern:1 european:1 62:1 88:1 adjustment:2 spot:1 mkt:1 98:1 slm:1 80:1 0:1 53:1 sum:1 12:1 32:1 63:1 | WORLD MARKET PRICE FOR UPLAND COTTON - USDA
The U.S. Agriculture Department
announced the prevailing world market price, adjusted to U.S.
quality and location, for Strict Low Middling, 1-1/16 inch
upland cotton at 50.57 cts per lb, to be in effect through
midnight April 16.
The adjusted world price is at average U.S. producing
locations (near Lubbock, Texas) and will be further adjusted
for other qualities and locations. The price will be used in
determining First Handler Cotton Certificate payment rates.
The department said since the adjusted world price is above
the loan repayment rate of 44 cts per lb for the base quality,
no First Handler Cotton Certificates will be issued during the
period.
Based on data for the week ended April 9, the adjusted
world price for upland cotton is determined as follows, in cts
per lb --
Northern European Price -- 62.88
Adjustments --
Average U.S. Spot Mkt Location -- 9.98
SLM 1-1/16 Inch Cotton -- 1.80
Average U.S. Location -- 0.53
Sum of Adjustments -- 12.32
Adjusted World Price -- 50.63
|
test/15975 | test/15975 |@title usda:1 comment:1 export:1 sale:1 report:1 u:1 |@word corn:1 sale:10 1:2 0:1 mln:1 tonne:11 week:12 end:1 april:1 2:3 eight:1 pct:6 prior:5 25:2 four:7 average:5 u:1 agriculture:1 department:6 say:10 comment:1 late:1 export:1 report:1 iraq:2 japan:4 ussr:1 large:1 buyer:4 next:1 marketing:1 year:4 begin:1 september:1 total:2 503:1 200:3 mainly:1 taiwan:2 wheat:2 119:1 300:3 current:5 season:5 net:2 reduction:2 13:1 700:3 1987:3 88:3 fifth:3 combine:2 sri:1 lanka:1 active:1 destination:3 purchase:1 52:1 500:2 significant:1 purchaser:2 mexico:3 honduras:1 soybean:3 240:1 one:2 nearly:1 third:1 south:2 korea:2 italy:2 israel:1 major:2 117:1 cake:1 meal:1 fall:1 31:1 previous:1 38:1 increase:2 west:1 germany:1 venezuela:2 netherlands:1 saudi:1 arabia:1 partially:1 offset:1 unknown:2 usda:1 activity:1 oil:1 result:1 decrease:1 400:1 canada:1 71:1 run:1 bale:3 cotton:1 60:1 11:1 100:1 high:1 level:1 nine:1 dominant:1 follow:1 zaire:1 spain:2 primary:1 sorghum:1 143:1 less:1 main:1 | USDA COMMENTS ON EXPORT SALES REPORT
U.S. corn sales of just over 1.0 mln
tonnes in the week ended April 2 were eight pct above the prior
week, but 25 pct below the four-week average, the U.S.
Agriculture Department said.
In comments on its latest Export Sales Report, the
department said Iraq, Japan and the USSR were the largest
buyers.
Sales for the next marketing year, which begins September
1, totaled 503,200 tonnes and were mainly to Iraq and Taiwan.
Wheat sales of 119,300 tonnes for the current season and
net reductions of 13,700 tonnes for the 1987/88 season were
four-fifths below the combined total for the prior week and the
four-week average, it said.
Sri Lanka was the most active wheat destination with
purchases of 52,500 tonnes for the current year, it said.
Other significant purchasers for the current year were
Mexico and Honduras, it said.
Soybean sales of 240,500 tonnes were one-fifth below the
prior week and nearly one-third below the four-week average.
Japan, Mexico, South Korea, Italy and Israel were the major
purchasers, the department said.
Net sales of 117,700 tonnes of soybean cake and meal fell
31 pct from the previous week and 38 pct below the four-week
average. Major increases for West Germany, Venezuela, the
Netherlands and Saudi Arabia were partially offset by
reductions for unknown destinations, USDA said.
Activity in soybean oil resulted in decreases of 2,400
tonnes, with sales to unknown destinations down by 2,700
tonnes, while sales to Canada increased 200 tonnes, the
Department said.
Combined sales of 71,300 running bales of cotton -- 60,200
bales for the current season and 11,100 bales for 1987/88
season -- were four-fifths higher than the prior week's level
but nine pct below the four-week average.
Mexico was the dominant buyer for the current year followed
by Zaire, Italy, and Spain, the department said.
The primary buyers for the 1987/88 season were South Korea,
Spain, Japan and Taiwan, the department said.
Sorghum sales of 143,300 tonnes were 25 pct less than the
prior week, with Japan and Venezuela the main buyers.
|
test/15976 | test/15976 |@title u:2 1:2 money:2 supply:2 fall:2 two:2 billion:2 dlrs:2 march:2 30:2 week:2 fed:2 say:2 |@word | U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS IN MARCH 30 WEEK, FED SAYS
U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS IN MARCH 30 WEEK, FED SAYS
|
test/15977 | test/15977 |@title fed:2 say:2 u:2 discount:2 window:2 borrowing:2 361:2 mln:2 dlrs:2 april:2 8:2 week:2 |@word | FED SAYS U.S. DISCOUNT WINDOW BORROWINGS 361 MLN DLRS IN APRIL 8 WEEK
FED SAYS U.S. DISCOUNT WINDOW BORROWINGS 361 MLN DLRS IN APRIL 8 WEEK
|
test/15978 | test/15978 |@title u:2 bank:2 net:2 free:2 reserve:2 447:2 mln:2 dlrs:2 two:2 week:2 april:2 8:2 |@word | U.S. BANK NET FREE RESERVES 447 MLN DLRS IN TWO WEEKS TO APRIL 8
U.S. BANK NET FREE RESERVES 447 MLN DLRS IN TWO WEEKS TO APRIL 8
|
test/15979 | test/15979 |@title westinghouse:1 electric:1 wx:1 optimistic:1 year:1 |@word westinghouse:2 electric:1 corp:1 chairman:1 douglas:1 danforth:1 say:3 encourage:2 first:3 quarter:3 result:2 fiscal:1 1987:1 company:1 position:1 capitalize:1 economy:1 modest:1 growth:1 rest:1 year:1 continue:1 improvement:1 earning:1 danworth:2 meet:1 expectation:1 record:1 net:1 income:1 151:1 6:1 mln:1 dlrs:3 1:1 05:1 per:1 share:1 revenue:1 2:1 32:1 billion:1 attribute:1 increase:1 operating:1 profit:1 energy:1 advanced:1 technology:1 industry:1 commerical:1 segment:1 | WESTINGHOUSE ELECTRIC <WX> OPTIMISTIC FOR YEAR
Westinghouse Electric Corp chairman
Douglas Danforth said he was encouraged by first quarter
results for fiscal 1987, and said the company was positioned to
capitalize on the economy's modest growth for the rest of the
year.
'I am encouraged by the continuing improvement in
earnings,' Danworth said. 'The first quarter met our
expectations.'
Westinghouse recorded net income for the first quarter of
151.6 mln dlrs, or 1.05 dlrs per share, on revenues of 2.32
billion dlrs.
Danworth attributed the results to an increase in the
operating profit in the energy and advanced technology,
industries and commerical segments.
|
test/15980 | test/15980 |@title bsd:2 bancorp:1 1st:1 qtr:1 net:1 |@word shr:1 seven:1 ct:2 vs:5 five:1 net:1 240:1 000:2 136:1 loan:1 264:1 5:1 mln:6 251:1 7:2 deposit:1 319:1 306:1 8:1 asset:1 348:1 6:2 334:1 | BSD BANCORP <BSD> 1ST QTR NET
Shr seven cts vs five cts
Net 240,000 vs 136,000
Loans 264.5 mln vs 251.7 mln
Deposits 319.7 mln vs 306.8 mln
Assets 348.6 mln vs 334.6 mln
|
test/15981 | test/15981 |@title gateway:1 communications:1 inc:1 gway:1 1st:1 qtr:1 net:1 |@word shr:1 14:1 ct:2 vs:3 six:1 net:1 653:1 561:1 251:1 955:1 revs:1 4:1 143:1 056:1 2:1 199:1 238:1 | GATEWAY COMMUNICATIONS INC <GWAY> 1ST QTR NET
Shr 14 cts vs six cts
Net 653,561 vs 251,955
Revs 4,143,056 vs 2,199,238
|
test/15984 | test/15984 |@title baker:1 communications:1 inc:1 bakr:1 year:1 loss:1 |@word shr:1 loss:4 42:1 ct:2 vs:3 56:1 net:1 596:1 354:1 795:1 009:1 revs:1 3:1 818:1 258:1 2:1 070:1 772:1 | BAKER COMMUNICATIONS INC <BAKR> YEAR LOSS
Shr loss 42 cts vs loss 56 cts
Net loss 596,354 vs loss 795,009
Revs 3,818,258 vs 2,070,772
|
test/15985 | test/15985 |@title eastover:1 corp:1 easts:1 4th:1 qtr:1 net:1 |@word shr:2 39:1 ct:2 vs:8 28:1 net:4 491:1 000:12 356:1 revs:1 890:1 720:1 year:3 1:3 54:1 dlrs:2 2:1 49:1 952:1 00:1 3:4 165:1 rev:1 463:1 005:1 note:1 include:2 state:1 tax:1 credit:1 400:1 1986:1 qtr:2 also:1 gain:1 sale:1 real:1 estate:1 83:1 563:1 317:1 | EASTOVER CORP <EASTS> 4TH QTR NET
Shr 39 cts vs 28 cts
Net 491,000 vs 356,000
Revs 890,000 vs 720,000
Year
Shr 1.54 dlrs vs 2.49 dlrs
Net 1,952,00 vs 3,165,000
Rev 3,463,000 vs 3,005,000
Note: Net includes state tax credit of 400,000 for 1986 qtr
and year. Net also includes gains from sale of real estate of
3,000 vs 83,000 for qtr and 563,000 vs 1,317,000 for year.
|
test/15987 | test/15987 |@title u:2 bank:1 discount:1 borrowing:1 361:1 mln:1 dlrs:1 |@word bank:9 discount:1 window:1 borrowing:7 less:1 extended:2 credit:2 average:5 361:1 mln:13 dlrs:15 day:5 week:11 wednesday:6 april:2 8:2 federal:1 reserve:7 say:3 total:1 daily:1 fall:1 99:1 591:1 35:2 230:1 second:2 half:2 two:5 statement:4 period:5 end:5 net:4 425:1 first:3 comment:1 fed:5 free:1 447:1 spokesman:2 tell:1 press:1 conference:1 large:1 one:4 miss:1 estimate:1 money:2 center:2 account:2 65:1 pct:4 small:1 almost:1 1:2 36:1 billion:2 fund:2 high:2 6:1 45:1 90:1 late:1 393:1 since:1 january:1 28:1 float:5 range:2 250:1 thursday:3 25:1 monday:4 tuesday:2 include:1 500:4 holdover:1 branch:1 due:1 mechanical:1 problem:1 reflect:1 non:1 weather:1 relate:1 transportation:1 eastern:2 adjustment:1 minus:1 cash:1 letter:1 error:1 correct:1 plus:1 correction:1 make:1 unposted:1 single:1 hold:2 excess:2 four:1 run:2 deficit:2 friday:1 final:1 | U.S. BANK DISCOUNT BORROWINGS 361 MLN DLRS
U.S. bank discount window borrowings
less extended credits averaged 361 mln dlrs a day in the week
to Wednesday, April 8, the Federal Reserve said.
Total daily borrowings in the week fell 99 mln dlrs to 591
mln dlrs, with extended credits down 35 mln dlrs at 230 mln
dlrs. The week was the second half of the two-week statement
period that ended Wednesday. Net borrowings averaged 425 mln
dlrs in the first week of the period.
Commenting on the two-week statement period that ended on
April 8, the Fed said banks had average net free reserves of
447 mln dlrs.
A Fed spokesman told a press conference that there were no
large one-day net misses in the Fed's estimates of reserves in
the week ended Wednesday.
Of the week's borrowings, money center banks accounted for
65 pct, and small banks for almost 35 pct. On Wednesday, when
net borrowings were 1.36 billion dlrs and Fed funds averaged a
high 6.45 pct, money center banks accounted for more than 90
pct of the borrowing.
Borrowings in the latest two weeks averaged 393 mln dlrs a
day, the highest since the statement period ended January 28.
Float ranged from about 250 mln dlrs on Thursday to between
one and 1.25 billion dlrs on Monday and Tuesday.
The spokesman said Monday's float included 500 mln dlrs in
holdover float at one Fed branch due to mechanical problems.
About 500 mln dlrs of Tuesday's float reflected
non-weather-related transportation float in one Eastern Reserve
bank.
As-of adjustments ranged from minus 500 mln dlrs on Monday,
when cash letter errors at two eastern reserve banks were
corrected, to plus 500 mln dlrs on Thursday, when a correction
was made to unposted funds at a single bank.
In the first half of the statement period ended Wednesday,
banks held excess reserves on the first four days of the week
but ran a deficit on Wednesday.
In the second week, they ran a deficit on Thursday, Friday
and Monday but held excess reserves on the final two days.
|
test/15988 | test/15988 |@title noranda:1 begin:1 murdochville:1 mine:1 salvage:1 |@word noranda:3 inc:1 say:4 begin:1 salvage:1 operation:1 murdochville:1 quebec:1 mine:4 fire:3 last:1 week:1 kill:1 one:1 miner:1 cause:3 10:1 mln:1 dlrs:1 damage:2 full:1 extent:1 still:1 unknown:1 destroy:1 6:1 000:2 foot:1 conveyor:1 belt:1 company:1 extreme:1 heat:1 severe:1 rock:1 degradation:1 along:1 several:1 ramp:1 drift:1 production:1 suspend:1 investigation:1 complete:1 copper:2 smelter:2 produce:1 72:1 ton:1 anode:1 1986:1 continue:1 operate:1 available:1 concentrate:1 stockpiled:1 supply:1 | NORANDA BEGINS MURDOCHVILLE MINE SALVAGE
Noranda Inc said it began salvage
operations at its Murdochville, Quebec mine where a fire last
week killed one miner and caused 10 mln dlrs in damage.
Noranda said the cause and full extent of the damage is
still unknown but the fire destroyed 6,000 feet of conveyor
belt.
The company said extreme heat from the fire caused severe
rock degradation along several ramps and drifts in the mine.
Production at the mine has been suspended until
investigations are complete. The copper mine and smelter
produced 72,000 tons of copper anodes in 1986.
The smelter continues to operate with available
concentrate from stockpiled supplies, Noranda said.
|
test/15989 | test/15989 |@title u:2 1:2 money:1 supply:1 fall:1 two:1 billion:1 dlrs:1 |@word money:1 supply:1 fall:1 two:2 billion:8 dlrs:5 seasonally:1 adjust:1 738:1 9:2 march:1 30:1 week:3 federal:1 reserve:1 say:2 previous:1 1:4 level:1 revise:1 740:1 741:1 0:1 four:1 move:1 average:1 rise:1 739:2 8:2 7:1 economist:1 poll:1 reuters:1 would:1 anywhere:1 | U.S. M-1 MONEY SUPPLY FALLS TWO BILLION DLRS
U.S. M-1 money supply fell two billion
dlrs to a seasonally adjusted 738.9 billion dlrs in the March
30 week, the Federal Reserve said.
The previous week's M-1 level was revised to 740.9 billion
dlrs from 741.0 billion, while the four-week moving average of
M-1 rose to 739.8 billion dlrs from 739.7 billion.
Economists polled by Reuters said that M-1 would be
anywhere from down two billion dlrs to up 1.8 billion.
|
test/15993 | test/15993 |@title bevis:1 bevi:1 receive:1 takeover:1 inquiry:1 |@word bevis:1 industries:1 inc:3 seek:2 acquire:1 say:3 recently:1 receive:1 inquiry:2 concern:1 purchase:1 company:3 identify:1 party:1 make:1 refer:1 investment:1 banker:1 tucker:2 anthony:2 r:1 l:1 day:1 study:1 march:1 18:1 engage:1 purchaser:1 operating:1 unit:1 greenville:1 tube:1 corp:1 md:1 pneumatics:1 | BEVIS <BEVI> RECEIVES TAKEOVER INQUIRIES
Bevis Industries Inc, which has
been seeking to be acquired, said it recently received
inquiries concerning the purchase of the company.
The company did not identify the parties that made the
inquiries, but it said they had been referred to its investment
bankers, Tucker, Anthony and R.L. Day Inc, for study.
On March 18, the company said it engaged Tucker, Anthony to
seek purchasers of its operating units, Greenville Tube Corp
and MD Pneumatics Inc.
|
test/15995 | test/15995 |@title jacor:1 jcor:1 buy:1 two:1 denver:1 radio:1 station:1 |@word jacor:3 communications:2 inc:1 say:2 agree:1 buy:1 two:2 denver:1 radio:1 station:2 h:1 belo:1 corp:1 blc:1 24:1 mln:1 dlrs:1 cash:1 notes:1 koa:1 koaq:1 fm:1 acquisition:1 must:1 approve:1 federal:1 commission:1 add:1 | JACOR <JCOR> TO BUY TWO DENVER RADIO STATIONS
Jacor Communications Inc said it
agreed to buy two Denver radio stations from A.H. Belo Corp
<BLC> for 24 mln dlrs in cash and notes.
Jacor said the two stations are KOA-AM and KOAQ-FM.
The acquisitions must be approved by the Federal
Communications Commission, Jacor added.
|
test/15996 | test/15996 |@title asset:1 u:1 money:1 fund:1 rise:1 week:1 |@word asset:2 money:1 market:1 mutual:1 fund:4 increase:1 1:2 39:1 billion:5 dlrs:8 week:1 end:1 yesterday:1 236:1 77:1 investment:1 company:1 institute:1 say:1 93:2 institutional:1 481:1 mln:3 65:2 broker:1 dealer:1 rise:1 285:1 3:1 107:1 31:1 197:1 general:1 purpose:1 gain:1 625:1 5:1 63:1 8:1 | ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK
Assets of money market mutual funds
increased 1.39 billion dlrs in the week ended yesterday to
236.77 billion dlrs, the Investment Company Institute said.
Assets of 93 institutional funds were up 481.1 mln dlrs to
65.65 billion dlrs, 93 broker-dealer funds rose 285.3 mln dlrs
to 107.31 billion dlrs, and 197 general purpose funds gained
625.5 mln dlrs to 63.8 billion dlrs.
|
test/15997 | test/15997 |@title polycast:1 ptcc:1 reduce:1 spartech:1 sptn:1 stake:1 |@word polycast:2 technology:1 corp:2 tell:1 securities:1 exchange:1 commission:1 sell:1 119:1 800:1 spartech:2 common:1 share:2 reduce:1 stake:1 30:1 000:1 1:1 2:1 pct:1 total:1 outstanding:1 say:1 make:1 sale:2 april:1 6:1 8:1 counter:1 market:1 give:1 reason:1 | POLYCAST <PTCC> REDUCES SPARTECH <SPTN> STAKE
Polycast Technology Corp told the
Securities and Exchange Commission it sold off 119,800 of its
Spartech Corp common shares, reducing its stake in Spartech to
30,000 shares or 1.2 pct of the total outstanding.
Polycast said it made the sales April 6-8 in the
over-the-counter market.
It gave no reason for the sales.
|
test/15999 | test/15999 |@title grain:1 shipment:1 ussr:1 usda:1 |@word 287:1 700:2 tonne:6 u:5 corn:3 ship:2 soviet:1 union:1 week:3 end:2 april:2 2:3 accord:1 agriculture:1 department:1 late:1 export:1 sale:1 report:1 compare:1 106:1 200:1 prior:1 wheat:2 soybean:2 shipment:2 ussr:3 purchase:1 825:1 600:2 delivery:1 fourth:1 year:2 grain:1 agreement:2 total:1 third:1 grains:1 september:1 30:1 amount:1 152:1 6:1 808:1 100:1 1:1 518:1 | GRAIN SHIPMENTS TO THE USSR -- USDA
There were 287,700 tonnes of U.S.
corn shipped to the Soviet Union in the week ended April 2,
according to the U.S. Agriculture Department's latest Export
Sales report.
That compares with 106,200 tonnes shipped in the prior
week.
There were no wheat or soybean shipments during the week.
The USSR has purchased 2,825,600 tonnes of U.S. corn, as of
April 2, for delivery in the fourth year of the U.S.-USSR grain
agreement.
Total shipments in the third year of the U.S.-USSR grains
agreement, which ended September 30, amounted to 152,600 tonnes
of wheat, 6,808,100 tonnes of corn and 1,518,700 tonnes of
soybeans.
|
test/16002 | test/16002 |@title hospital:2 corp:2 say:2 receive:2 47:2 dlr:2 share:2 offer:2 investor:2 group:2 |@word | HOSPITAL CORP SAYS IT RECEIVED 47 DLR A SHARE OFFER FROM INVESTOR GROUP
HOSPITAL CORP SAYS IT RECEIVED 47 DLR A SHARE OFFER FROM INVESTOR GROUP
|
test/16003 | test/16003 |@title beverly:1 enterprises:1 bev:1 set:1 regular:1 dividend:1 |@word qtly:1 div:1 five:2 ct:2 vs:1 prior:1 pay:1 july:1 13:1 record:1 june:1 30:1 | BEVERLY ENTERPRISES <BEV> SETS REGULAR DIVIDEND
Qtly div five cts vs five cts prior
Pay July 13
Record June 30
|
test/16004 | test/16004 |@title treasury:2 baker:2 say:2 float:2 exchange:2 rate:2 system:2 need:2 great:2 stability:2 |@word | TREASURY'S BAKER SAYS FLOATING EXCHANGE RATE SYSTEM NEEDS GREATER STABILITY
TREASURY'S BAKER SAYS FLOATING EXCHANGE RATE SYSTEM NEEDS GREATER STABILITY
|
test/16005 | test/16005 |@title crude:1 oil:1 netback:1 sharply:1 europe:1 u:1 |@word crude:6 oil:4 netback:5 value:8 complex:1 refinery:2 rise:3 sharply:4 europe:3 firm:2 u:5 last:1 friday:1 previous:3 week:3 fall:4 singapore:3 accord:1 calculation:1 reuters:1 pipeline:1 tone:1 refining:1 margin:1 relecte:1 high:2 price:5 petroleum:2 product:2 particularly:1 gasoline:3 support:1 refine:2 northern:1 substantially:1 follow:1 strong:1 gain:1 brent:1 19:3 45:1 dlrs:6 56:1 ct:10 barrel:5 three:1 pct:5 gulf:2 sweet:1 14:4 33:2 west:2 texas:1 intermediate:1 0:1 7:2 sour:1 grade:1 show:1 increase:1 alaska:1 north:1 slope:1 1:1 15:1 much:1 68:2 ample:1 distillate:1 supply:1 weigh:1 attaka:1 18:3 55:1 decline:2 3:1 5:1 mediterranean:1 mostly:1 low:1 seven:1 kuwait:1 37:1 iranian:1 light:1 11:1 coast:1 ans:1 cif:1 l:1 also:1 jump:1 40:1 2:2 82:1 | CRUDE OIL NETBACKS UP SHARPLY IN EUROPE, U.S.
Crude oil netback values in complex
refineries rose sharply in Europe and firmed in the U.S. last
Friday from the previous week but fell sharply in Singapore,
according to calculations by Reuters Pipeline.
The firmer tone to refining margins in Europe and the U.S.
relected higher prices for petroleum products, particularly
gasoline, and support from crude oil prices.
Netback values for crude oil refined in Northern Europe
rose substantially following strong gains in gasoline prices
there. Brent is valued at 19.45 dlrs, up 56 cts a barrel or
three pct from the previous week.
In the U.S. Gulf, sweet crudes rose in value by 14 cts to
19.33 dlrs for West Texas Intermediate, up about 0.7 pct.
Sour grades in the U.S. Gulf showed an increase of 33 cts a
barrel for Alaska North Slope, up 1.7 pct.
But netbacks for crude oil refined in Singapore fell
sharply, down 15 cts to as much as 68 cts a barrel as ample
distillate supplies weighed on petroleum product prices.
Attaka in Singapore is valued at 18.55 dlrs, a decline of
68 cts a barrel or 3.5 pct from the previous week.
For refineries in the Mediterranean, netback values were
mostly lower, with declines of seven to 14 cts. The value of
Kuwait crude fell 14 cts to 18.37 dlrs, while Iranian Light
fell 11 cts to 19.14 dlrs.
On the U.S. West Coast, netback values for ANS CIF L.A.
also jumped sharply, up 40 cts a barrel or 2.2 pct to 18.82
dlrs on higher gasoline prices.
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test/16006 | test/16006 |@title treasury:1 baker:1 say:1 system:1 need:1 stability:1 |@word treasury:2 secretary:2 james:1 baker:6 say:12 float:1 exchange:1 rate:1 system:3 effective:2 hope:1 promote:1 stability:2 prevent:1 imbalance:3 emerge:1 global:1 economy:1 remark:1 afternoon:1 session:1 international:1 monetary:1 fund:4 interim:1 committee:1 suggest:2 abandon:1 need:3 something:1 give:2 keep:1 head:1 right:2 direction:1 wind:1 shift:1 indicator:7 serve:1 kind:1 compass:1 add:1 structural:2 help:3 focus:3 attention:2 policy:4 however:1 imf:5 move:2 beyond:2 macroeconomic:1 find:2 specific:1 relevance:1 face:1 today:1 prominent:1 role:1 annual:1 economic:2 review:2 article:2 iv:2 consultation:3 perform:1 also:3 tell:1 making:1 group:1 time:1 adopt:1 early:1 recommendation:2 make:1 surveillance:2 relevant:1 national:1 policymaker:1 public:1 particular:1 urge:2 increase:1 publicity:1 appraisal:1 develop:2 use:3 follow:1 report:1 country:2 action:3 implement:1 great:1 special:1 procedure:2 emphasize:1 device:1 rhetoric:1 provide:1 structure:1 induce:1 discipline:1 peer:1 pressure:1 process:1 coordination:1 update:1 reflect:1 matter:1 priority:1 executive:1 board:1 alternative:1 medium:2 term:2 scenario:1 even:1 clearly:1 important:1 identify:1 option:2 address:1 analyze:1 implication:1 work:1 path:1 lead:1 toward:1 possible:1 objective:1 take:1 remedial:1 significant:1 deviation:1 intended:1 course:2 must:1 definitive:1 way:1 indentifye:1 key:1 variable:1 | TREASURY'S BAKER SAYS SYSTEM NEEDS STABILITY
Treasury Secretary James Baker said
the floating exchange rate system has not been as effective as
had been hoped in promoting stability and preventing imbalances
from emerging in the global economy.
In remarks before the afternoon session of the
International Monetary Fund's Interim Committee, Baker said he
was not suggesting that the system should be abandoned.
'But I do suggest,' he said, 'that we need something to give
it more stability and to keep it headed in the right direction
when the wind shifts.'
He said that indicators can serve 'as a kind of compass' but
added that structural indicators can help focus attention on
some policies.
Baker, however, said the IMF 'needs to move beyond
macroeconomic indicators and find structural indicators that
can help focus attention on some of the policies of specific
relevance to the imbalances we face today.'
The Treasury Secretary said that indicators should be given
a more prominent role in the annual economic reviews -- Article
IV consultations -- that the Fund performs.
Baker also told the policy making group that it was time
for the IMF to adopt earlier recommendations making IMF
surveillance more relevant to national policymakers and the
public.
'In particular, we urge increased publicity for IMF
appraisals developed in Article IV consultations, the use of
follow-up reports on country actions to implement IMF
recommendations, and greater use of special consultation
procedures,' he said.
Baker emphasized that indicators were a device 'for moving
beyond rhetoric to action.'
He said they provide 'more structure to the system, and
induce more discipline and peer pressure into the process of
policy coordination.'
He said the Fund's procedures for surveillance need to be
reviewed and updated to reflect the use of indicators.
'This should be matter of priority for the executive board,'
he said.
Baker also urged the Fund to develop alternative
medium-term economic scenarios for countries that 'can help us
focus even more clearly on the most important imbalances, by
identifying options for addressing them and analyzing the
implications of these options.'
He said also that further work should be done on finding
paths that lead toward possible medium-term objectives.
'If we are to take effective remedial action when there are
significant deviations from an intended course, then we must
have more definitive ways of indentifying the right course for
key variables,' he said.
|
test/16007 | test/16007 |@title nerci:1 ner:1 unit:1 close:1 oil:1 gas:1 acquisition:1 |@word nerco:2 inc:1 say:2 oil:3 gas:3 unit:1 close:1 acquisition:1 47:1 pct:1 work:1 interest:1 broussard:1 field:3 davis:1 co:1 22:1 5:1 mln:1 dlrs:1 cash:1 estimate:1 total:1 prove:1 developed:1 undeveloped:1 reserve:2 24:1 billion:1 cubic:1 foot:1 equivalent:1 natural:1 double:1 company:1 previous:1 locate:1 southern:1 louisiana:1 | NERCI <NER> UNIT CLOSES OIL/GAS ACQUISITION
Nerco Inc said its oil and gas
unit closed the acquisition of a 47 pct working interest in the
Broussard oil and gas field from <Davis Oil Co> for about 22.5
mln dlrs in cash.
Nerco said it estimates the field's total proved developed
and undeveloped reserves at 24 billion cubic feet, or
equivalent, of natural gas, which more than doubles the
company's previous reserves.
The field is located in southern Louisiana.
|
test/16009 | test/16009 |@title u:1 dollar:1 loss:1 propel:1 broad:1 commodity:1 gain:1 |@word commodity:6 gold:2 grain:4 cotton:2 post:3 solid:1 gain:5 flurry:1 buying:1 today:1 loss:1 u:5 dollar:5 rise:1 interest:1 rate:1 kindle:1 fear:1 inflation:2 economic:1 instability:1 pronounce:1 exchange:2 new:3 york:3 jump:1 12:1 40:1 dlrs:3 close:2 436:1 50:1 troy:2 ounce:2 silver:1 22:1 5:1 cent:1 6:1 86:1 key:1 factor:2 behind:1 advance:1 anticipation:1 way:2 major:2 industrial:3 nation:3 halt:1 slide:1 value:5 say:10 steve:1 chronowitz:3 director:1 research:1 smith:1 barney:1 harris:1 upham:1 co:1 tumble:1 one:2 day:1 top:1 finance:1 official:1 seven:2 large:1 reaffirm:1 commitment:1 support:1 despite:1 report:2 intervention:1 federal:1 reserve:1 bank:1 trader:4 appear:1 know:1 group:1 lack:1 ability:1 change:1 long:3 term:1 direction:1 currency:1 market:7 maybe:1 idea:1 plan:1 evident:1 look:1 like:1 cure:1 let:1 free:1 take:1 another:1 force:1 trading:2 partner:1 stimulate:3 economy:1 measure:1 correct:1 mount:1 trade:3 deficit:1 think:1 believe:2 time:3 recourse:1 reflate:1 point:1 go:1 tedious:1 process:1 happen:1 fall:2 make:2 cheap:1 foreign:1 buyer:1 demand:2 hold:1 stock:1 bond:1 see:1 investment:1 many:1 turn:1 precious:1 metal:3 hedge:1 marty:1 mcneill:1 analyst:2 house:1 dominick:2 reaction:1 reverberate:1 throughout:1 livestock:1 broad:1 chicago:2 board:1 attention:1 shift:1 concern:1 burdensome:1 supply:1 outlook:1 low:1 export:1 agriculture:1 department:1 raise:1 estimate:1 import:1 soviet:1 union:1 two:1 mln:1 tonne:1 month:1 earlier:1 live:2 hog:3 frozen:1 pork:1 belly:1 sharp:1 mercantile:1 cattle:1 moderately:1 high:1 several:1 boost:1 price:1 weight:1 normal:1 year:1 farmer:1 busy:1 field:1 work:1 animal:1 | U.S. DOLLAR LOSSES PROPEL BROAD COMMODITY GAINS
Commodities from gold to grains to
cotton posted solid gains in a flurry of buying today as losses
in the U.S. dollar and rising interest rates kindled fears of
inflation and economic instability.
Gains were most pronounced on the Commodity Exchange in New
York, where gold jumped 12.40 dlrs and closed at 436.50 dlrs a
troy ounce, and silver 22.5 cents to 6.86 dlrs a troy ounce.
A key factor behind the advance was anticipation that
inflation will be the only way for the major industrial nations
to halt the slide in the value of the U.S. dollar, said Steve
Chronowitz, director of commodity research with Smith Barney,
Harris Upham and Co., in New York.
The dollar tumbled one day after top finance officials from
the seven largest industrial nations reaffirmed their
commitment to support its value, and despite reports of
intervention by the U.S. Federal Reserve Bank, traders said.
Traders said it appears that the industrial nations, known
as the Group of Seven, lack the ability to change the long-term
direction of the currency markets.
'Maybe they have some ideas or plans,' said Chronowitz. 'If
they do, it's not evident.'
'It looks like there's no cure but to let the free market
take values to where they should be.
'One way or another, we will force our major trading
partners to stimulate their economies,' as a measure to correct
the mounting U.S. trade deficit, Chronowitz said.
'I think the markets believe, and have believed for a long
time, that the only recourse is to reflate at some point. It's
going to be a long and tedious process, but that's what's
happening,' he said.
The falling value of the dollar makes U.S. commodities
cheaper for foreign buyers, stimulating demand.
At the same time, traders who are holding stocks and bonds
saw the value of their investments falling and many are turning
to commodities such as precious metals as a hedge, said Marty
McNeill, a metals analyst in New York with the trading house of
Dominick and Dominick.
The reaction in the metal markets reverberated throughout
the commodities markets, as grains, livestock, and cotton
posted broad gains.
Traders at the Chicago Board of Trade said attention in the
grain markets has shifted from concern about burdensome
supplies to the outlook that a lower dollar will stimulate
export demand.
After the close of trading, the Agriculture Department
raised its estimate for grain imports by the Soviet Union by
two mln tonnes from the month-earlier report.
Live hogs and frozen pork bellies posted sharp gains on the
Chicago Mercantile Exchange, while live cattle were moderately
higher.
Analysts said several factors boosted hog prices. They said
hogs haven't been making the weight gains that are normal at
this time of year, and farmers have been too busy with field
work to market animals.
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test/16012 | test/16012 |@title egypt:1 seek:1 500:1 000:1 tonne:1 corn:1 u:1 trader:1 |@word egypt:1 expect:1 tender:1 april:1 22:1 500:1 000:1 tonne:1 corn:1 may:1 september:1 shipment:1 private:1 export:1 source:1 say:1 | EGYPT SEEKING 500,000 TONNES CORN - U.S. TRADERS
Egypt is expected to tender April 22
for 500,000 tonnes of corn for May through September shipments,
private export sources said.
|
test/16013 | test/16013 |@title trustcorp:1 inc:1 ttco:1 1st:1 qtr:1 net:1 |@word shr:2 67:1 ct:3 vs:3 62:1 net:2 9:1 160:1 000:2 7:1 722:1 asset:1 4:1 5:1 billion:2 four:1 note:1 datum:1 account:1 change:1 announce:1 1986:1 add:1 30:1 share:1 year:1 ago:1 1st:1 qtr:1 result:1 | TRUSTCORP INC <TTCO> 1ST QTR NET
Shr 67 cts vs 62 cts
Net 9,160,000 vs 7,722,000
Assets 4.5 billion vs four billion
Note: Shr and net data are before accounting change
announced in 1986, which added 30 cts a share to year-ago 1st
qtr results.
|
test/16014 | test/16014 |@title 9:2 apr:2 1987:2 17:2 28:2 02:2 76:2 |@word | 9-APR-1987 17:28:02.76
9-APR-1987 17:28:02.76
|
test/16015 | test/16015 |@title napa:1 valley:1 bancorp:1 nvbc:1 1st:1 qtr:1 net:1 |@word shr:1 20:1 ct:2 vs:2 25:1 net:1 487:1 000:2 435:1 | NAPA VALLEY BANCORP <NVBC> 1ST QTR NET
Shr 20 cts vs 25 cts
Net 487,000 vs 435,000
|
test/16016 | test/16016 |@title international:1 power:1 machine:1 pwr:1 4th:1 qtr:1 loss:1 |@word shr:2 loss:8 21:2 ct:3 vs:6 28:1 net:3 817:1 000:8 1:4 058:1 revs:2 5:2 627:1 7:1 397:1 year:1 75:1 36:1 dlrs:1 2:1 872:1 200:1 23:1 3:1 mln:2 note:1 1985:1 include:1 255:1 adjustment:1 inventory:1 valuation:1 486:1 cost:1 reduction:1 expense:1 full:1 name:1 international:1 power:1 machines:1 corp:1 | INTERNATIONAL POWER MACHINES <PWR> 4TH QTR LOSS
Shr loss 21 cts vs loss 28 cts
Net loss 817,000 vs loss 1,058,000
Revs 5,627,000 vs 7,397,000
Year
Shr loss 75 cts vs loss 1.36 dlrs
Net loss 2,872,000 vs loss 5,200,000
Revs 23.3 mln vs 21.1 mln
Note: 1985 net includes 1,255,000 adjustment in inventory
valuations and 486,000 in cost-reduction expenses.
Full name is International Power Machines Corp.
|
test/16021 | test/16021 |@title great:1 american:1 mgmt:1 gami:1 atcor:1 atco:1 stake:1 |@word great:3 american:3 management:1 investment:2 inc:2 tell:1 securities:1 exchange:1 commission:1 acquire:1 7:2 pct:1 stake:2 atcor:3 say:3 buy:3 add:1 also:1 consider:1 yet:1 decide:1 additional:1 share:3 either:1 open:1 market:1 private:1 transaction:1 tender:1 offer:1 otherwise:1 pay:1 6:2 1:1 mln:1 dlrs:1 462:1 400:2 recent:1 purchase:1 include:1 191:1 march:1 18:1 april:1 | GREAT AMERICAN MGMT<GAMI> HAS ATCOR<ATCO> STAKE
Great American Management and
Investment Inc told the Securities and Exchange Commission it
acquired a 7.7 pct stake in Atcor Inc.
Great American said it bought the stake for investment.
It added that it has also considered--but not yet
decided--to buy additional Atcor shares, either in the open
market, in private transactions, through a tender offer or
otherwise.
Great American said it paid about 6.1 mln dlrs for its
462,400 Atcor shares. It said its most recent purchases
included 191,400 shares bought March 18-April 6.
|
test/16022 | test/16022 |@title rai:1 research:1 corp:1 rac:1 3rd:1 qtr:1 feb:1 28:1 net:1 |@word oper:5 shr:2 one:1 ct:4 vs:5 13:1 net:2 17:1 806:1 312:1 692:1 revs:2 1:1 318:1 165:1 2:1 239:1 349:1 nine:2 mth:2 27:1 cs:1 28:1 640:1 156:1 671:1 291:1 5:2 612:1 818:1 632:1 044:1 note:1 exclude:1 gain:1 discontinue:2 operation:2 15:1 598:1 year:2 ago:2 qtr:1 loss:1 49:1 040:1 | RAI RESEARCH CORP <RAC> 3RD QTR FEB 28 NET
Oper shr one ct vs 13 cts
Oper net 17,806 vs 312,692
Revs 1,318,165 vs 2,239,349
Nine mths
Oper shr 27 cts cs 28 cts
Oper net 640,156 vs 671,291
Revs 5,612,818 vs 5,632,044
Note: Oper excludes gain from discontinued operations of
15,598 for year-ago qtr and loss from discontinued operations
of 49,040 for year-ago nine mths.
|
test/16023 | test/16023 |@title moore:1 mcl:1 see:1 substantial:1 1987:1 profit:1 gain:1 |@word moore:4 corp:1 ltd:1 expect:2 1987:1 profit:3 continue:3 operation:4 exceed:1 1986:2 result:2 recover:2 1985:2 level:1 company:2 earn:1 152:1 mln:3 u:1 dlrs:6 1:2 70:1 share:3 president:1 keith:1 goodrich:2 say:6 substantial:1 increase:1 earning:1 tell:2 reporter:1 annual:2 meeting:2 would:2 last:1 year:1 lose:1 ground:1 reach:1 slump:1 139:1 5:1 54:1 total:1 exclude:1 loss:1 30:1 discontinue:1 still:1 actively:1 look:1 acquisition:4 relate:1 core:1 area:1 business:1 form:1 manufacturing:1 handling:1 could:2 large:1 ask:2 raise:1 much:1 one:1 billion:1 purpose:1 chairman:1 judson:1 sinclair:3 answer:1 shareholder:2 question:1 special:1 resolution:2 pass:1 create:1 new:1 class:1 preferred:1 allow:1 move:2 quickly:1 decide:1 pursue:1 make:1 major:1 mean:1 certain:1 expediency:1 design:1 give:1 protection:1 possible:1 hostile:1 takeover:1 know:1 threat:1 corporation:1 time:1 | MOORE <MCL> SEES SUBSTANTIAL 1987 PROFIT GAIN
Moore Corp Ltd expects 1987 profits from
continuing operations will exceed 1986 results and recover to
1985 levels when the company earned 152 mln U.S. dlrs or 1.70
dlrs a share, president M. Keith Goodrich said.
'We'll have a substantial increase in earnings from
continuing operations,' he told reporters after the annual
meeting. He said he expected profits would recover last year's
lost ground and reach 1985 results.
In 1986, profits from continuing operations slumped to
139.5 mln dlrs or 1.54 dlrs a share. The total excluded losses
of 30 mln dlrs on discontinued operations.
Goodrich said Moore is still actively looking for
acquisitions related to its core areas of business forms
manufacturing or handling.
'We could do a large acquisition,' he said when asked if
the company could raise as much as one billion dlrs for this
purpose.
Chairman Judson Sinclair, answering a shareholder's
question, told the annual meeting that a special resolution
passed by shareholders to create a new class of preferred
shares would allow Moore to move quickly if it decided to
pursue an acquisition.
'If we were to make a major acquisition ... it means we can
move with a certain expediency,' Sinclair said.
Asked if the resolution was designed to give Moore
protection from a possible hostile takeover, Sinclair said
only, 'I know of no threat to the corporation at this time.'
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test/16026 | test/16026 |@title firm:1 14:1 8:1 pct:1 decision:1 capital:1 fund:1 dcf:1 |@word gabelli:4 group:1 inc:2 say:4 two:1 subsidiary:2 hold:2 total:2 295:1 800:2 decision:2 capital:2 fund:3 share:3 14:1 8:1 pct:1 outstanding:1 behalf:1 investment:2 client:1 intention:1 seek:1 control:1 recent:1 purchase:1 stock:2 include:1 95:1 buy:1 april:1 3:1 6:1 philadelphia:1 exchange:1 firm:2 headquarter:1 new:1 york:1 city:1 co:1 brokerage:1 | FIRM HAS 14.8 PCT OF DECISION/CAPITAL FUND<DCF>
Gabelli Group Inc said it and two
subsidiaries held a total of 295,800 Decision/Capital Fund Inc
shares or 14.8 pct of the total outstanding.
It said the shares were held on behalf of investment
clients and it said it had no intention of seeking control of
the fund.
Gabelli said its most recent purchases of Decision/Capital
Fund stock included 95,800 shares bought April 3-6 on the
Philadelphia Stock Exchange.
Gabelli is an investment firm headquartered in New York
City. Its Gabelli and Co subsidiary is a brokerage firm.
|
test/16029 | test/16029 |@title partnership:1 buy:1 ipco:1 ihs:1 stake:1 6:1 8:1 pct:1 mp:1 |@word co:2 new:2 york:2 investment:3 partnership:3 tell:1 securities:1 exchange:1 commission:1 buy:1 6:1 8:1 pct:1 stake:1 ipco:2 corp:1 common:1 stock:1 say:2 acquire:1 346:1 600:1 share:1 pay:1 4:1 9:1 mln:1 dlrs:1 believe:1 security:1 attractive:1 opportunity:1 plan:1 regularly:1 review:1 may:1 future:1 recommend:1 business:1 strategy:1 extraordinary:1 corporate:1 transaction:1 merger:1 reorganization:1 liquidation:1 asset:1 sale:1 control:1 marcus:1 schloss:1 inc:2 brokerage:1 firm:2 prime:1 medical:2 products:1 greenwood:1 c:1 supply:1 | PARTNERSHIP BUYS IPCO <IHS> STAKE OF 6.8 PCT
MP Co, a New York investment
partnership, told the Securities and Exchange Commission it
bought a 6.8 pct stake in IPCO Corp common stock.
The partnership said it acquired 346,600 IPCO shares,
paying 4.9 mln dlrs, because it believed the securities to be
'an attractive investment opportunity.'
It said it planned to regularly review its investment and
may in the future recommend business strategies or an
extraordinary corporate transaction such as a merger,
reorganization, liquidation or asset sale.
The partnership is controlled by Marcus Schloss and Co Inc,
a New York brokerage firm, and Prime Medical Products Inc, a
Greenwood, S.C., medical supplies firm.
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test/16030 | test/16030 |@title delmed:1 inc:1 dmd:1 year:1 loss:1 |@word oper:4 shr:1 loss:8 30:1 ct:1 vs:6 1:5 27:2 dlrs:1 net:1 8:1 648:1 000:6 25:1 6:1 mln:6 revs:1 4:1 33:1 3:1 avg:1 shrs:1 29:1 20:1 note:1 exclude:2 provision:1 discontinued:1 operation:2 971:1 12:1 2:1 conversion:1 debt:1 587:1 gain:1 734:1 1985:1 pension:1 plan:1 liquidation:1 631:1 discontinue:1 015:1 | DELMED INC <DMD> YEAR LOSS
Oper shr loss 30 cts vs loss 1.27 dlrs
Oper net loss 8,648,000 vs loss 25.6 mln
Revs 27.4 mln vs 33.3 mln
Avg shrs 29.1 mln vs 20.1 mln
Note: Oper excludes loss on provision for discontinued
operations of 971,000 vs 12.2 mln and loss from conversion of
debt 587,000 vs gain of 1,734,000.
1985 oper excludes loss from pension plan liquidation of
631,000 and loss from discontinued operations of 1,015,000.
|
test/16033 | test/16033 |@title cadillac:2 fairview:2 say:2 receive:2 acquisition:2 proposal:2 |@word | CADILLAC FAIRVIEW SAYS IT HAS RECEIVED SOME ACQUISITION PROPOSALS
CADILLAC FAIRVIEW SAYS IT HAS RECEIVED SOME ACQUISITION PROPOSALS
|
test/16037 | test/16037 |@title cadillac:1 fairview:1 say:1 receive:1 takeover:1 bid:1 |@word cadillac:2 fairview:2 corp:1 ltd:1 say:2 receive:1 proposal:1 acquire:1 company:1 follow:1 announcement:1 last:1 august:1 retain:1 investment:1 dealer:1 solicit:1 offer:3 outstanding:1 common:1 share:1 subject:1 clarification:1 negotiation:1 detail:1 | CADILLAC FAIRVIEW SAYS IT RECEIVED TAKEOVER BIDS
<Cadillac Fairview Corp Ltd> said it
received proposals to acquire the company, following its
announcement last August that it had retained investment
dealers to solicit offers for all outstanding common shares.
Cadillac Fairview said the offers are subject to
clarification and negotiation and offered no further details.
|
test/16040 | test/16040 |@title 9:2 apr:2 1987:2 18:2 20:2 35:2 91:2 |@word | 9-APR-1987 18:20:35.91
9-APR-1987 18:20:35.91
|
test/16041 | test/16041 |@title winterhalter:1 wntlc:1 holder:1 okay:1 takeover:1 |@word winterhalter:3 inc:2 say:1 shareholder:1 approve:1 525:1 000:1 dlr:1 acquisition:2 interface:1 systems:1 intf:1 would:1 15:1 ct:1 per:1 share:1 | WINTERHALTER <WNTLC> HOLDERS OKAY TAKEOVER
Winterhalter Inc said its
shareholders approved the 525,000 dlr acquisition of
Winterhalter by Interface Systems Inc <INTF>.
The acquisition would be for 15 cts per Winterhalter share.
|
test/16045 | test/16045 |@title american:1 eagle:1 petroleums:1 ltd:1 year:1 loss:1 |@word shr:1 loss:2 10:1 ct:2 vs:3 profit:2 17:1 net:1 1:1 546:1 000:2 4:1 078:1 rev:1 22:1 6:1 mln:2 38:1 9:1 | <AMERICAN EAGLE PETROLEUMS LTD> YEAR LOSS
Shr loss 10 cts vs profit 17 cts
Net loss 1,546,000 vs profit 4,078,000
Revs 22.6 mln vs 38.9 mln
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test/16052 | test/16052 |@title chilean:1 trade:1 surplus:1 narrow:1 slightly:1 february:1 |@word chile:1 trade:2 surplus:3 narrow:1 102:1 2:5 mln:9 dlrs:7 february:2 105:1 4:3 month:4 last:2 year:3 18:1 dlr:1 record:1 january:2 1987:2 central:1 bank:1 say:1 export:1 total:1 379:1 17:1 pct:2 figure:2 import:1 fall:1 9:1 previous:2 277:1 314:1 208:1 6:1 respectively:1 accumulate:1 first:1 two:1 stand:1 120:1 132:1 8:1 | CHILEAN TRADE SURPLUS NARROWS SLIGHTLY IN FEBRUARY
chile's trade surplus narrowed to 102.2
mln dlrs in february, from 105.4 mln dlrs in the same month
last year, but it was above the 18.2-mln-dlr surplus recorded
in january 1987, the central bank said.
Exports in february totalled 379.4 mln dlrs, 17.2 pct above
the january figure. Imports fell 9.2 pct from the previous
month to 277.2 mln dlrs. The figures for the same month last
year were 314 mln and 208.6 mln dlrs, respectively.
The accumulated trade surplus over the first two months of
1987 stands at 120.4 mln dlrs against 132.8 mln dlrs the
previous year.
|
test/16053 | test/16053 |@title analyst:1 doubt:1 fed:1 firm:1 despite:1 borrow:1 rise:1 |@word economist:5 say:12 doubt:1 federal:2 reserve:7 firm:5 policy:7 aid:2 dollar:7 despite:1 high:2 discount:1 window:1 borrowing:5 late:4 two:10 week:8 statement:5 period:6 heavy:1 wednesday:8 data:1 today:4 show:1 net:3 fed:16 average:4 393:1 mln:4 dlrs:9 265:1 prior:1 1:2 4:2 billion:5 fund:3 6:5 45:1 pct:4 one:2 could:1 make:2 case:1 probably:2 william:1 sullivan:3 dean:3 witter:3 reynolds:1 may:3 assume:1 modestly:1 support:1 nearly:1 400:1 around:3 250:1 previous:1 month:1 however:2 note:1 include:1 quarter:1 end:2 seasonal:1 demand:1 often:1 push:1 borrrowing:1 argue:1 look:1 like:1 try:1 play:1 catchup:1 provision:1 quite:2 ward:1 mccarthy:3 merrill:2 lynch:2 capital:1 markets:1 spokesman:1 tell:1 press:2 conference:1 large:1 day:3 miss:2 projection:1 still:1 cumulative:1 estimate:1 cause:1 add:3 earlier:1 actually:1 need:2 take:1 market:1 management:1 action:1 last:1 thursday:1 friday:1 first:1 temporary:1 indirectly:1 monday:1 via:2 customer:1 repurchase:3 agreement:2 supply:1 directly:1 system:3 tuesday:2 base:1 datum:1 calculate:1 arrrange:1 total:1 5:1 9:1 put:1 overnight:1 repos:1 approximately:1 3:1 clear:1 time:1 larry:1 leuzzi:2 g:2 warburg:1 co:1 inc:1 cite:1 view:2 share:1 really:1 afford:1 seriously:1 lift:1 interest:1 rate:4 help:2 would:2 harm:1 already:1 weak:1 economy:1 united:2 states:2 abroad:1 financial:1 stress:1 develop:1 country:1 lender:1 believe:1 tighten:1 explain:1 act:1 tumble:1 stage:1 precipitous:1 drop:1 new:1 begin:1 disappointment:1 yesterday:1 washington:1 meeting:1 international:1 monetary:1 official:1 fail:1 produce:1 anything:1 offer:1 substantive:1 fact:1 currency:1 dealer:1 nothing:1 7:1 communique:1 alter:1 prevailing:1 yen:1 rise:1 redress:1 huge:1 trade:1 imbalance:1 japan:1 generally:1 agree:1 aim:1 steady:1 correspond:1 weekly:1 six:2 8:1 since:1 early:1 november:1 sure:1 engineer:1 tight:1 suspect:1 nudge:1 goal:1 25:1 35:1 10:1 previously:1 | ANALYSTS DOUBT FED FIRMED DESPITE BORROWING RISE
Economists said that they doubt the
Federal Reserve is firming policy to aid the dollar, despite
higher discount window borrowings in the latest two-week
statement period and very heavy borrowings Wednesday.
Data out today show net borrowings from the Fed averaged
393 mln dlrs in the two weeks to Wednesday, up from 265 mln
dlrs in the prior statement period. Wednesday borrowings were
1.4 billion dlrs as Federal funds averaged a high 6.45 pct.
'One could make a case that the Fed is firming, but it
probably isn't,' said William Sullivan of Dean Witter Reynolds.
Sullivan said some may assume the Fed has firmed policy
modestly to support the dollar because net borrowings in the
two-weeks to Wednesday were nearly 400 mln dlrs after averaging
around 250 mln dlrs over the previous two months.
However, the Dean Witter economist noted that the latest
two-week period included a quarter end when seasonal demand
often pushes up borrrowings.
'Some might argue that the Fed was firming policy, but it
looks like it tried to play catchup with reserve provisions
late in the statement period and didn't quite make it,' said
Ward McCarthy of Merrill Lynch Capital Markets.
A Fed spokesman told a press press conference today that
the Fed had no large net one-day miss of two billion dlrs or
more in its reserve projections in the week ended Wednesday.
Still, McCarthy said it may have had a cumulative miss in
its estimates over the week that caused it to add fewer
reserves earlier in the week than were actually needed.
The Fed took no market reserve management action last
Thursday and Friday, the first two days of the week. It added
temporary reserves indirectly on Monday via two billion dlrs of
customer repurchase agreements and then supplied reserves
directly via System repurchases on Tuesday and Wednesday.
Based on Fed data out today, economists calculated that the
two-day System repurchase agreements the Fed arrranged on
Tuesday totaled around 5.9 billion dlrs. They put Wednesday's
overnight System repos at approximately 3.4 billion dlrs.
'It is quite clear that the Fed is not firming policy at
this time,' said Larry Leuzzi of S.G. Warburg and Co Inc.
Citing the view shared by the other two economists, Leuzzi
said the Fed cannot really afford to seriously lift interest
rates to help the dollar because that would harm already weak
economies in the United States and abroad and add to the
financial stress of developing countries and their lenders.
'Those who believe the Fed tightened policy in the latest
statement period have to explain why it acted before the dollar
tumbled,' said McCarthy of Merrill Lynch.
He said the dollar staged a precipitous drop as a new
statement period began today on disappointment yesterday's
Washington meetings of international monetary officials failed
to produce anything that would offer substantive dollar aid.
In fact, currency dealers said there was nothing in
Wednesday's G-7 communique to alter the prevailing view that
the yen needs to rise further to redress the huge trade
imbalance between the United States and Japan.
The economists generally agreed that the Fed is aiming for
steady policy now that should correspond to a weekly average
Fed funds rate between six and 6-1/8 pct. This is about where
the rate has been since early November.
'I'm not so sure that the Fed is engineering a tighter
policy to help the dollar, as some suspect,' said Sullivan of
Dean Witter.
If it is, however, he said that Fed probably has just
nudged up its funds rate goal to around 6.25 to 6.35 pct from
six to 6.10 pct previously.
|
test/16055 | test/16055 |@title valex:1 petroleum:1 inc:1 valp:1 year:1 dec:1 31:1 |@word shr:1 loss:4 six:1 ct:2 vs:3 84:1 net:2 219:1 632:1 16:1 3:1 mln:4 revs:1 1:1 4:1 2:1 8:1 note:1 1985:1 include:1 15:1 5:1 dlrs:1 writedown:1 tax:1 benefit:1 51:1 294:1 | VALEX PETROLEUM INC <VALP> YEAR DEC 31
Shr loss six cts vs loss 84 cts
Net loss 219,632 vs loss 16.3 mln
Revs 1.4 mln vs 2.8 mln
NOTE:1985 net includes 15.5 mln dlrs of writedowns and tax
benefit of 51,294.
|
test/16063 | test/16063 |@title n:1 z:1 trading:1 bank:1 deposit:1 growth:1 ease:1 slightly:1 |@word new:1 zealand:1 trading:1 bank:3 seasonally:1 adjust:1 deposit:3 growth:1 rise:6 2:2 1:1 pct:5 february:4 compare:3 6:2 january:3 reserve:1 say:2 year:3 total:2 28:1 9:1 30:1 34:1 4:1 ago:1 period:1 weekly:1 statistical:1 release:1 17:2 55:1 billion:3 n:1 z:1 dlrs:1 18:1 13:1 61:1 1986:1 | N.Z. TRADING BANK DEPOSIT GROWTH EASES SLIGHTLY
New Zealand's trading bank
seasonally adjusted deposit growth rose 2.1 pct in February
compared with a 2.6 pct rise in January, the Reserve Bank said.
Year-on-year total deposits rose 28.9 pct compared with a
30.6 pct rise in January and 34.4 pct rise in February a year
ago period, the bank said in its weekly statistical release.
Total deposits rose to 17.55 billion N.Z. Dlrs in February
compared with 17.18 billion in January and 13.61 billion in
February 1986.
|
test/16066 | test/16066 |@title bank:2 japan:2 intervene:2 buy:2 dollar:2 around:2 143:2 70:2 yen:2 dealer:2 |@word | BANK OF JAPAN INTERVENES TO BUY DOLLARS AROUND 143.70 YEN - DEALERS
BANK OF JAPAN INTERVENES TO BUY DOLLARS AROUND 143.70 YEN - DEALERS
|
test/16067 | test/16067 |@title dollar:2 open:2 record:4 tokyo:2 low:2 143:2 75:2 yen:2 previous:2 144:2 70:2 dealer:2 |@word | DOLLAR OPENS AT RECORD TOKYO LOW 143.75 YEN (PREVIOUS RECORD 144.70) - DEALERS
DOLLAR OPENS AT RECORD TOKYO LOW 143.75 YEN (PREVIOUS RECORD 144.70) - DEALERS
|
test/16068 | test/16068 |@title dollar:1 open:1 tokyo:1 record:1 low:1 143:1 75:1 yen:1 |@word dollar:9 open:4 record:2 tokyo:2 low:3 143:6 75:1 yen:9 despite:2 aggressive:1 bank:4 japan:2 intervention:4 dealer:6 say:7 previous:1 144:2 70:1 set:1 march:1 30:2 opening:1 compare:1 90:2 00:5 close:2 new:4 york:4 central:2 buy:1 broker:1 market:1 take:1 place:1 fall:3 20:1 one:1 1:6 8155:1 60:1 mark:1 8187:1 97:1 142:1 sell:2 pressure:1 strong:1 security:1 house:1 institutional:2 investor:2 hectic:1 nervous:1 trading:1 underlie:1 bearish:1 sentiment:1 surpise:1 sharp:1 although:1 many:1 expect:2 drop:1 happen:1 eventually:1 aggressively:1 rise:1 around:1 50:1 u:1 currency:1 steady:1 well:1 scatter:1 short:1 covering:1 5120:1 swiss:1 franc:1 5085:1 sterling:1 start:1 6190:1 dlrs:1 6195:1 05:1 | DOLLAR OPENS AT TOKYO RECORD LOW OF 143.75 YEN
The dollar opened at a record Tokyo low
of 143.75 yen despite aggressive Bank of Japan intervention,
dealers said.
The previous record low was 144.70 yen set on March 30. The
opening compares with 143.90/144.00 yen at the close in New
York.
The central bank bought dollars through Tokyo brokers just
before and after the market opening, the dealers said.
The intervention took place when the dollar fell to 143.20
yen, one dealer said.
The dollar opened at 1.8155/60 marks against 1.8187/97 in
New York.
The dollar fell as low as 142.90 yen despite central bank
intervention at 143.00 yen, dealers said.
Selling pressure was strong from securities houses and
institutional investors in hectic and nervous trading on
underlying bearish sentiment for the dollar, they said.
Most dealers were surpised by the dollar's sharp fall
against the yen in New York, although many had expected such a
drop to happen eventually.
Institutional investors are expected to sell the dollar
aggressively if it rises to around 143.50 yen, dealers said.
The U.S. Currency steadied well above 143.00 yen after Bank
of Japan intervention and scattered short-covering, they said.
The dollar opened at 1.5120/30 Swiss francs against
1.5085/00 at the New York close.
Sterling started at 1.6190/00 dlrs against 1.6195/05.
|
test/16069 | test/16069 |@title dollar:1 fall:1 143:1 yen:1 tokyo:1 |@word dollar:2 fall:2 143:2 yen:3 hectic:1 early:1 tokyo:2 trading:1 despite:1 aggressive:1 bank:1 japan:1 intervention:1 dealer:1 say:2 open:1 low:2 75:1 142:1 90:1 heavy:1 selling:1 lead:1 security:1 firm:1 institutional:1 investor:1 | DOLLAR FALLS BELOW 143 YEN IN TOKYO
The dollar fell below 143 yen in hectic
early Tokyo trading despite aggressive Bank of Japan
intervention, dealers said.
After opening at a Tokyo low of 143.75 yen, the dollar fell
as low as 142.90 yen on heavy selling led by securities firms
and institutional investors, they said.
|
test/16071 | test/16071 |@title argentine:1 grain:1 market:1 review:1 |@word argentine:1 grain:1 market:1 quiet:1 week:1 wednesday:1 price:1 rise:5 slightly:1 increase:5 interest:1 wheat:2 millet:2 birdseed:2 domestic:1 consumption:1 six:1 austral:2 per:6 tonne:6 118:1 export:1 eight:1 108:2 bahia:3 blanca:3 0:3 50:4 104:1 necochea:2 unchanged:3 rosario:3 30:1 maize:1 one:3 90:1 buenos:4 aire:3 82:1 85:1 fall:1 88:1 parana:1 river:1 port:1 sorghum:1 76:1 drop:1 75:2 quote:1 villa:1 constitucion:1 san:1 nicolas:1 puerto:1 alvear:1 oats:1 168:1 air:1 five:1 140:1 15:1 205:1 | ARGENTINE GRAIN MARKET REVIEW
The Argentine grain market was
quiet in the week to Wednesday, with prices rising slightly on
increased interest in wheat, millet and birdseed.
Wheat for domestic consumption rose six Australs per tonne
to 118.
For export it rose eight to 108 per tonne from Bahia
Blanca, increased 0.50 to 104 at Necochea and was unchanged at
Rosario at 108.30.
Maize increased one to 90 per tonne at Buenos Aires, was
unchanged at 82 in Bahia Blanca, increased 0.50 to 85 at
Necochea and fell one to 88 at Parana River ports.
Sorghum from Bahia Blanca increased 0.50 Australs to 76.50
per tonne and dropped one to 75 at Rosario.
It was quoted at 75 at Villa Constitucion, San Nicolas and
Puerto Alvear.
Oats were unchanged at 168 per tonne at Buenos Aires.
Millet from Buenos Aires and Rosario rose five per tonne to
140 and birdseed rose 15 to 205 at Buenos Aires.
|
test/16072 | test/16072 |@title u:1 market:1 offer:1 glimpse:1 volcker:1 nightmare:1 |@word today:3 turmoil:1 u:4 financial:2 market:13 bond:3 stock:2 price:1 tumble:1 dollar:17 wake:1 evidence:1 major:2 shift:1 investor:2 psychology:2 likely:2 spell:1 turbulence:1 ahead:1 economist:5 say:12 two:1 year:5 hail:1 decline:3 cure:1 trade:4 deficit:5 interest:7 rate:8 fall:5 sharply:1 wall:1 street:2 become:1 one:4 way:1 confidence:4 crack:1 suddenly:1 believe:4 fed:4 chairman:1 paul:1 volcker:2 often:1 repeat:1 warning:1 risk:2 collapse:2 long:3 time:3 freefall:1 would:2 extremely:1 dangerous:1 get:2 david:1 jones:3 aubrey:1 g:3 lanston:2 co:2 inc:1 144:1 yen:5 first:1 40:1 group:1 seven:1 finance:1 minister:1 washington:3 fail:2 convince:1 foreign:2 exchange:1 credible:1 strategy:1 redress:1 global:1 imbalance:1 short:2 depreciation:1 suffer:2 big:2 day:1 drop:5 month:1 amid:1 worry:1 slide:1 rekindle:1 inflation:1 scare:1 away:1 force:2 tighten:2 credit:2 inflationary:1 fear:1 boost:1 gold:1 bullion:1 12:1 dlrs:3 1987:1 high:1 432:1 20:1 70:1 ounce:1 spike:1 pull:1 dow:1 industrial:1 average:1 33:1 point:1 2339:1 norman:1 robertson:2 mellon:2 bank:3 chief:2 call:2 instability:1 frightening:1 economic:1 fundamental:1 justify:1 bearishness:1 start:1 ball:1 roll:1 difficult:1 stop:2 stark:1 possibility:1 could:3 destabilizing:1 drive:1 recession:2 panic:1 stephen:1 marris:6 institute:1 international:1 economics:1 warn:2 control:1 since:1 peak:2 3:1 47:1 mark:1 264:1 february:2 1985:1 turn:1 nightmare:1 still:1 less:1 track:1 hard:2 landing:2 agony:1 may:1 fairly:1 draw:1 tell:1 reuters:1 expect:3 crisis:1 later:2 situation:1 fragile:1 take:1 little:1 touch:1 second:1 phase:1 whereby:1 loss:4 push:1 lead:1 reaction:1 sharp:1 march:1 30:1 show:1 come:1 fact:1 happen:1 yet:1 consistent:1 historical:1 experience:1 teach:1 domestic:1 affect:1 currency:2 final:1 stage:1 forecast:1 125:1 feel:2 impetus:1 late:1 weakness:2 credibility:1 central:2 prevent:1 150:1 floor:1 set:1 part:1 7:2 paris:1 agreement:1 contrast:1 trigger:1 last:1 week:1 announce:1 plan:1 slap:1 300:1 mln:1 tariff:1 japanese:1 electronic:1 import:1 raise:3 specter:1 debilitate:1 war:1 many:1 run:1 stability:1 return:1 root:1 cause:1 gap:1 address:1 excessive:1 consumption:1 reflect:1 massive:1 budget:3 term:1 give:1 failure:1 intervention:1 choice:1 restore:1 faith:1 thing:1 substantial:1 increase:2 discount:1 corresponding:1 cut:2 abroad:1 least:1 japan:1 act:1 quickly:1 even:1 debt:1 burden:1 american:2 farmer:1 latin:1 government:1 robert:1 giordano:3 goldman:1 sachs:1 scoff:1 notion:1 ridiculous:1 think:2 federal:1 reserve:1 weak:1 strength:1 ignore:1 progress:1 make:1 toward:1 reduce:1 go:1 reduction:1 relative:1 gnp:1 history:1 nobody:1 care:1 note:1 1968:1 69:1 great:1 back:1 change:1 abruptly:1 rule:1 put:1 helmet:1 | U.S. MARKETS OFFER GLIMPSE OF VOLCKER NIGHTMARE
Today's turmoil in the U.S. Financial
markets, with bond and stock prices tumbling in the dollar's
wake, is evidence of a major shift in investor psychology that
is likely to spell more turbulence ahead, economists said.
For two years, the markets had hailed the dollar's decline
as the cure-all for the U.S. Trade deficit. Interest rates fell
sharply and Wall Street became a one-way street, up.
But that confidence is now cracking as the financial
markets suddenly believe Fed chairman Paul Volcker's
often-repeated warnings about the risks of a dollar collapse.
'Volcker's been saying for a long time that a dollar
freefall would be extremely dangerous - now he's got it,' said
David Jones, economist at Aubrey G. Lanston and Co Inc.
The dollar fell below 144 yen today for the first time in
40 years as the Group of Seven finance ministers in Washington
failed to convince the foreign exchange market that they have a
credible strategy for redressing global trade imbalances, short
of further depreciation of the dollar.
Bonds suffered their biggest one-day drop in months amid
worries that the dollar's slide will rekindle inflation, scare
away foreign investors and force the Fed to tighten credit.
The inflationary fears boosted gold bullion by more than 12
dlrs to a 1987 high of 432.20/70 dlrs an ounce, while the spike
in interest rates pulled the Dow Jones Industrial Average down
by 33 points to 2339.
Norman Robertson, Mellon Bank chief economist, called the
markets' instability frightening. He believes economic
fundamentals do not justify the bearishness but said that 'once
you start the ball rolling it's difficult to stop.'
'There's a stark possibility that you could get a
destabilizing drop in the dollar that forces up interest rates
and drives us into recession. The markets are in a panic.'
Stephen Marris of the Institute for International Economics
in Washington, has been warning for a long time that the
controlled decline of the dollar since peaks of 3.47 marks and
264 yen in February 1985 could turn into a nightmare.
'We're still more or less on track for a hard landing... But
the agony may be fairly drawn out,' Marris told Reuters.
Marris does not expect the crisis to peak until later this
year, but he warned that the situation is so fragile that it
would take very little to touch off what he calls the second
phase of the hard landing, whereby a loss of confidence in the
dollar pushes up interest rates and leads to a recession.
The stock market's reaction today and its sharp drop on
March 30 shows how the loss of confidence could come about.
The fact that it has not happened yet is consistent with
historical experience, which teaches that domestic markets are
not affected until a currency is in the final stages of its
decline, Marris said. He has forecast a drop to about 125 yen.
Marris felt that a major impetus for the dollar's latest
weakness was the loss of credibility that central banks
suffered when they failed to prevent the dollar from falling
below 150 yen, the floor that the market believes was set as
part of the G-7 Paris agreement in February.
Robertson at Mellon, by contrast, said the loss of
confidence was triggered last week when Washington announced
plans to slap 300 mln dlrs of tariffs on Japanese electronic
imports, raising the specter of a debilitating trade war.
Many economists believe that long-run stability will not
return to the markets until the root cause of the trade gap is
addressed - excessive consumption in the U.S., Reflected in the
massive budget deficit.
But in the short term, given the failure of the G-7 and of
central bank intervention, some feel that the Fed will have no
choice but to tighten credit to restore faith in the dollar.
'The only thing that will stop the dollar falling is a
substantial increase in the discount rate and a corresponding
cut abroad, at least by Japan,' said Lanston's Jones.
Marris expects the Fed to act quickly to raise interest
rates, even at the risk of increasing the debt burden for
American farmers, Latin American governments and others.
But Robert Giordano, chief economist at Goldman Sachs and
Co, scoffed at the notion. 'It's ridiculous to think the Federal
Reserve will raise interest rates when the dollar is weak
against just one currency. This is yen strength, not dollar
weakness,' he said.
Giordano said the market was ignoring the progress being
made toward reducing the U.S. Budget deficit.
'We're going to have one of the biggest reductions in the
budget deficit relative to GNP in history this year, and nobody
cares,' he said, noting that only the deficit cut in 1968-69
will have been greater.
He said he does not expect the dollar to collapse and
thinks interest rates are likely to fall back later this year.
But for now, market psychology has changed so abruptly that
a further drop in the bond market cannot be ruled out. 'Put on
your helmets,' Giordano said.
|
test/16074 | test/16074 |@title average:1 yen:1 cd:1 rate:1 fall:1 late:1 week:1 |@word average:5 interest:1 rate:7 yen:2 certificate:2 deposit:1 cd:4 fall:1 4:18 13:3 pct:12 week:3 end:1 april:2 8:1 33:2 previous:2 bank:5 japan:1 say:1 new:1 bracket:1 money:1 market:1 mmc:1 ceiling:1 start:1 3:4 38:1 58:1 city:3 trust:3 long:3 term:3 less:2 60:4 day:10 15:1 41:1 90:4 14:1 29:1 120:3 12:2 25:1 150:2 23:1 180:2 unquoted:2 03:2 270:2 05:3 unqtd:2 banker:1 acceptance:1 30:1 98:1 20:1 97:1 | AVERAGE YEN CD RATES FALL IN LATEST WEEK
Average interest rates on yen
certificates of deposit (CD) fell to 4.13 pct in the week ended
April 8 from 4.33 pct the previous week, the Bank of Japan
said.
New rates (previous in brackets) -
Average CD rates all banks 4.13 pct (4.33)
Money Market Certificate (MMC) ceiling rates for week
starting from April 13 - 3.38 pct (3.58)
Average CD rates of city, trust and long-term banks -
Less than 60 days 4.15 pct (4.41)
60-90 days 4.14 pct (4.29)
Average CD rates of city, trust and long-term banks -
90-120 days 4.12 pct (4.25)
120-150 days 4.12 pct (4.23)
150-180 days unquoted (4.03)
180-270 days 4.05 pct (4.05)
Over 270 days 4.05 pct (unqtd)
Average yen bankers acceptance rates of city, trust and
long-term banks -
30 to less than 60 days 3.98 pct (4.20)
60-90 days 4.03 pct (3.97)
90-120 days unquoted (unqtd)
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test/16075 | test/16075 |@title japan:1 plan:1 cut:1 discount:1 rate:1 |@word bank:6 japan:7 sources:3 say:8 plan:1 cut:3 discount:2 rate:4 tell:2 reporter:2 pressure:1 group:1 seven:1 g:4 7:4 meeting:1 yesterday:1 lower:1 add:2 feel:1 need:1 chancellor:1 exchequer:1 nigel:1 lawson:1 earlier:1 today:1 country:3 strong:1 currency:7 may:1 interest:1 also:1 soon:1 call:1 pact:1 failure:1 central:1 source:3 comment:2 dollar:8 renew:1 tumble:1 new:1 york:1 tokyo:1 spark:1 remark:1 u:6 treasury:2 secretary:1 james:1 baker:2 fall:3 orderly:1 market:3 must:1 misinterpret:1 refer:1 since:1 plaza:1 agreement:2 september:1 1985:1 long:1 time:2 span:1 recent:1 movement:1 foreign:2 exchange:2 mark:1 seem:1 seize:1 anything:1 use:1 excuse:1 drive:1 one:1 way:1 put:1 weight:1 yen:5 term:1 judge:1 stability:2 throughout:1 meet:1 point:1 danger:1 would:2 arise:1 reduce:2 flow:1 japanese:2 capital:1 hurt:1 world:1 economy:1 february:1 march:1 year:1 investor:1 purchase:1 bond:1 britain:1 canada:1 france:1 italy:1 west:1 germany:1 different:1 view:1 overall:1 triangle:1 european:3 louvre:1 want:1 weaken:1 object:1 strengthen:1 | JAPAN HAS NO PLANS TO CUT DISCOUNT RATE
Bank of Japan sources said the bank
has no plans to cut its discount rate.
They told reporters that there was no pressure on Japan
during the Group of Seven (G-7) meeting here yesterday to lower
its discount rate. They added that they themselves do not feel
any need for a cut at all.
Chancellor of the Exchequer Nigel Lawson told reporters
earlier today that some countries - those with strong
currencies - might have to cut interest rates.
The Bank of Japan sources also said that it was too soon to
call the G-7 pact a failure.
The central bank sources were commenting on the dollar's
renewed tumble in New York and Tokyo, which was sparked by
remarks by U.S. Treasury Secretary James Baker that the
dollar's fall had been orderly.
They said the market must have misinterpreted Baker's
comments because he was referring to the dollar's fall since
the Plaza agreement in September 1985, over a long-time span,
not the currency's recent movements.
They added that the foreign exchange markest seem to seize
on anything to use as an excuse to drive the dollar one way or
the other.
The Bank of Japan sources said the U.S. Is putting more
weight on the dollar/yen rate in terms of judging market
stability than on other currencies.
Throughout the G-7 meeting, Japan pointed to the dangers
that would arise from a further dollar fall because it would
reduce the flow of Japanese capital to the U.S., Hurting the
U.S. And world economies, they said.
In February and in March of this year, Japanese investors
reduced their purchases of U.S. Treasury bonds, the sources
said.
Each country in the G-7 - Britain, Canada, France, Italy,
Japan, the U.S. And West Germany - has a different view about
currency stability, the Bank of Japan sources said.
This is because the overall foreign exchange market is a
triangle of dollar/yen, European currencies/yen and
dollar/European currencies.
At the time of the Louvre agreement, European countries did
not want the yen to weaken against their currencies so they did
not object to the yen strengthening, they said.
|
test/16076 | test/16076 |@title australian:1 union:1 nsw:1 government:1 reach:1 deal:1 |@word union:3 new:2 south:2 wales:2 government:4 official:3 reach:1 compromise:2 dispute:1 worker:4 compensation:3 avert:1 increase:1 industrial:2 action:2 state:4 source:1 say:4 include:1 building:2 mining:1 dissatisfy:1 deal:1 would:3 continue:1 strike:2 day:2 agree:1 revise:1 proposal:2 cut:2 allow:1 slightly:1 high:1 cash:1 benefit:1 injured:1 original:1 spark:1 april:1 7:1 one:1 third:1 full:1 detail:1 package:1 yet:1 know:1 labour:1 council:2 affiliate:1 australian:1 trade:1 unions:1 actu:1 threaten:1 paralyse:1 unless:1 modify:1 pende:1 legislation:1 issue:1 sector:1 affect:1 past:1 three:1 project:1 railway:1 freight:1 movement:1 cargo:1 handle:1 sydney:1 port:1 | AUSTRALIAN UNIONS AND NSW GOVERNMENT REACH DEAL
Union and New South Wales government
officials have reached a compromise in a dispute over workers
compensation, averting increased industrial action in the
state, union sources said.
But some unions, including those of building and mining
workers, said they were dissatisfied with the deal and would
continue their strikes for a few more days.
State officials said the government had agreed to revise
its proposals to cut compensation and would allow slightly
higher cash benefits for injured workers.
Under the original proposal, which sparked strikes and
other industrial action in the state on April 7, workers'
compensation would have been cut by one third. Full details of
the compromise package are not yet known.
The Labour Council, affiliated to the Australian Council of
Trade Unions (ACTU), had threatened to paralyse New South Wales
unless the government modified its pending legislation on the
issue.
State officials said the only sectors affected in the past
three days were some government building projects, railway
freight movement and cargo handling in Sydney's ports.
|
test/16077 | test/16077 |@title ecuador:1 crude:1 oil:1 output:1 resume:1 next:1 month:1 |@word ecuador:2 due:1 resume:1 limited:1 crude:1 oil:2 output:3 may:1 8:1 new:3 43:1 km:3 pipeline:4 neighbouring:1 colombia:2 finish:1 energy:1 ministry:1 spokesman:2 say:3 halt:1 march:1 5:1 earthquake:2 damage:1 50:2 main:1 link:3 jungle:1 oilfield:1 lago:3 agrio:3 ecuadorean:1 port:2 balao:2 pacific:2 13:1 capable:1 carry:1 000:3 barrel:1 per:1 day:1 bpd:2 build:1 pump:1 245:1 250:1 connect:1 puerto:1 colon:1 starting:1 point:1 columbia:1 ocean:1 temuco:1 government:1 estimate:1 take:1 four:1 month:1 repair:1 return:1 normal:1 level:1 | ECUADOR CRUDE OIL OUTPUT TO RESUME NEXT MONTH
Ecuador is due to resume limited crude oil
output on May 8 when a new 43 km pipeline to neighbouring
Colombia should be finished, an energy ministry spokesman said.
Oil output was halted on March 5 by an earthquake which
damaged 50 km of the main pipeline linking jungle oilfields at
Lago Agrio to the Ecuadorean port of Balao on the Pacific.
About 13 km of the new link, capable of carrying some
50,000 barrels per day (bpd), has been built, he said.
Ecuador pumped 245,000 to 250,000 bpd before the
earthquake.
The new link will connect Lago Agrio to Puerto Colon in
Colombia, the starting point of Columbia's pipeline to the
Pacific ocean port of Temuco.
The government estimates it will take about four more
months to repair the Lago Agrio to Balao pipeline and return
output to normal levels, the spokesman said.
|
test/16079 | test/16079 |@title thai:1 rice:1 export:1 fall:1 week:1 april:1 7:1 |@word thailand:2 export:3 56:1 652:1 tonne:8 rice:2 week:3 end:1 april:1 7:1 75:1 160:1 previous:2 commerce:1 ministry:1 say:2 government:1 private:2 exporter:2 ship:1 41:1 607:1 15:1 045:2 respectively:1 conclude:1 advance:1 weekly:1 sale:1 48:1 062:1 22:1 086:1 1:2 29:1 mln:2 far:1 1987:1 39:1 year:2 ago:1 commitment:1 353:1 | THAI RICE EXPORTS FALL IN WEEK TO APRIL 7
Thailand exported 56,652 tonnes of rice
in the week ended April 7, down from 75,160 tonnes the previous
week, the Commerce Ministry said.
It said the government and private exporters shipped 41,607
and 15,045 tonnes respectively.
Private exporters concluded advance weekly sales for 48,062
tonnes against 22,086 tonnes the previous week.
Thailand exported 1.29 mln tonnes of rice so far in 1987,
down from 1.39 mln tonnes a year ago.
It has commitments to export a further 353,045 tonnes this
year.
|
test/16080 | test/16080 |@title japan:1 see:1 marginal:1 rise:1 edible:1 oil:1 demand:1 |@word agriculture:1 ministry:1 estimate:1 japan:1 edible:2 oil:5 demand:1 rise:3 1:9 5:1 pct:1 calendar:1 1987:3 68:1 mln:8 tonne:4 65:1 1986:3 domestic:3 consumption:1 66:1 64:1 import:1 77:1 000:9 70:1 export:1 unchanged:1 14:1 supply:2 total:1 75:1 73:1 last:1 year:1 include:1 output:1 60:1 55:1 comprise:1 725:1 soybean:1 706:1 638:1 rapeseed:1 609:1 235:1 origin:1 231:1 | JAPAN SEES MARGINAL RISE IN EDIBLE OIL DEMAND
The Agriculture Ministry estimates
Japan's edible oil demand will rise 1.5 pct in calendar 1987 to
1.68 mln tonnes from 1.65 mln in 1986.
Domestic consumption will rise to 1.66 mln tonnes in 1987
from 1.64 mln in 1986, while imports will rise to 77,000 tonnes
from 70,000 and exports will be unchanged at 14,000.
Edible oil supplies will total 1.75 mln tonnes in 1987
against 1.73 mln last year, including domestic output of 1.60
mln against 1.55 mln. Domestic supplies will comprise 725,000
of soybean oil (706,000 in 1986), 638,000 of rapeseed oil
(609,000) and 235,000 of other origin oils (231,000).
|
test/16083 | test/16083 |@title interest:1 rate:1 differential:1 small:1 banker:1 say:1 |@word swiss:1 national:1 bank:1 president:1 pierre:1 languetin:1 say:3 wide:1 interest:2 rate:2 differential:2 dollar:2 strong:1 currency:1 need:1 brake:1 fall:1 news:1 conference:1 japan:1 west:1 germany:1 could:1 try:1 stimulate:1 economy:1 expand:1 money:1 supply:1 add:1 sure:1 would:2 desirable:1 monetary:1 policy:1 become:1 expansive:1 useful:1 great:1 | INTEREST RATE DIFFERENTIALS TOO SMALL, BANKER SAYS
Swiss National Bank President Pierre
Languetin said a wider interest rate differential between the
dollar and stronger currencies was needed to brake the dollar's
fall.
At a news conference, he said Japan and West Germany could
try to stimulate their economies further by expanding money
supply, but he added 'I'm not so sure it would be desirable if
monetary policy became more expansive.
'But what would be useful is a greater differential in
interest rates,' he said.
|
test/16086 | test/16086 |@title mobil:1 australia:1 report:1 38:1 6:1 mln:1 dlr:1 1986:1 loss:1 |@word wholly:1 mobil:4 corp:1 mob:1 unit:1 oil:1 australia:1 ltd:1 report:1 38:1 63:1 mln:4 dlr:1 net:1 loss:4 1986:1 turnaround:1 37:2 25:1 profit:4 1985:3 reflect:1 combination:1 strike:1 plus:1 schedule:1 unscheduled:1 refinery:1 shutdown:1 maintenance:1 inventory:1 cause:1 government:1 control:1 crude:1 product:1 price:1 say:2 statement:1 however:1 equity:1 accounting:1 associate:1 reduce:1 24:1 dlrs:1 confident:1 1987:1 would:1 see:1 return:1 build:1 company:1 restructuring:1 | MOBIL AUSTRALIA REPORTS 38.6 MLN DLR 1986 LOSS
Wholly-owned Mobil Corp <MOB> unit,
<Mobil Oil Australia Ltd>, reported a 38.63 mln dlr net loss in
1986, a turnaround from its 37.25 mln profit in 1985.
The loss reflected a combination of strikes plus scheduled
and unscheduled refinery shutdowns for maintenance and
inventory losses caused by government controls on both crude
and product prices, Mobil said in a statement.
However, equity-accounting of associates' profits reduced
the loss to 24 mln dlrs against a 37 mln profit in 1985.
Mobil said it was confident 1987 would see a return to
profit as it built further on its 1985 company restructuring.
|
test/16088 | test/16088 |@title japan:1 warn:1 u:1 may:1 retaliate:1 trade:1 dispute:1 |@word japan:5 warn:1 united:6 states:6 may:1 take:1 retaliatory:1 measure:2 impose:3 plan:3 trade:4 sanction:2 april:1 17:1 senior:1 government:1 official:1 say:5 shinji:1 fukukawa:3 vice:1 minister:1 international:1 industry:1 ministry:1 statement:1 would:1 consider:1 general:1 agreement:2 tariffs:1 action:1 100:1 pct:1 tariff:3 japanese:1 export:1 next:1 week:1 however:1 ready:1 continue:1 talk:2 despite:1 failure:2 convince:1 america:1 call:2 threaten:1 two:1 day:1 emergency:1 end:1 washington:2 yesterday:1 last:1 month:1 president:1 reagan:1 announce:1 retaliation:1 honour:1 july:1 1986:1 stop:1 dump:1 computer:1 microchip:1 market:2 outside:1 open:1 home:1 american:1 good:1 regrettably:1 listen:1 explanation:2 effort:1 live:1 pact:1 give:1 detailed:1 | JAPAN WARNS U.S. IT MAY RETALIATE IN TRADE DISPUTE
Japan warned the United States it may
take retaliatory measures if the United States imposes its
planned trade sanctions on April 17, a senior government
official said.
Shinji Fukukawa, Vice Minister of the International Trade
and Industry Ministry, said in a statement Japan would consider
measures under the General Agreement on Tariffs and Trade and
other actions if the United States imposes 100 pct tariffs on
some Japanese exports as planned next week.
However, Fukukawa said Japan was ready to continue trade
talks with the United States despite its failure to convince
America to call off the threatened tariffs during two days of
emergency talks which ended in Washington yesterday.
Last month President Reagan announced the sanctions in
retaliation for what he called Japan's failure to honour a July
1986 agreement to stop dumping computer microchips in markets
outside the United States and to open its home market to
American goods.
Fukukawa said the United States had regrettably not
listened to Japan's explanation of its efforts to live up the
pact and said Washington had not given any detailed explanation
of why it planned to impose the tariffs.
|
test/16091 | test/16091 |@title kuwait:1 increase:1 stake:1 sime:1 darby:1 |@word kuwait:1 investment:1 office:1 kio:3 increase:1 stake:1 sime:3 darby:3 bhd:3 63:1 72:1 mln:2 share:4 represent:1 6:1 88:1 pct:1 pay:1 capital:1 60:1 7:1 malayan:2 banking:2 mbkm:1 si:1 say:1 since:1 last:1 november:1 aggressively:1 open:1 market:1 buying:1 major:1 corporation:1 interest:1 insurance:1 property:1 development:1 plantation:1 manufacture:1 register:1 name:1 subsidiary:1 mayban:1 nominee:1 sdn:1 beneficial:1 owner:1 | KUWAIT INCREASES STAKE IN SIME DARBY
The Kuwait Investment Office (KIO)
has increased its stake in <Sime Darby Bhd> to 63.72 mln
shares, representing 6.88 pct of Sime Darby's paid-up capital,
from 60.7 mln shares, Malayan Banking Bhd <MBKM.SI> said.
Since last November, KIO has been aggressively in the open
market buying shares in Sime Darby, a major corporation with
interests in insurance, property development, plantations and
manufacturing.
The shares will be registered in the name of Malayan
Banking subsidiary Mayban (Nominees) Sdn Bhd, with KIO as the
beneficial owner.
|
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