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The CFTC reported the following stocks of wheat in Toledo as of Friday April 3 deliverable against Chicago Board of Trade wheat futures (in 000s bu). CURRENT WEEK YEAR WEEK AGO AGO SOFT RED WINTER 955 1142 1460 HARD RED WINTER 0 0 0 DARK NORTHERN SPRING 0 0 0 NORTHERN SPRING 0 0 0 TOTAL DEL GRADES 955 1142 1460 NON-DEL GRADES/UNGRADED 177 162 0 CCC STOCKS 1803 1783 793 TOTAL WHEAT STOCKS 2935 3087 2253 Reuter | TOLEDO DELIVERABLE WHEAT STOCKS |
 CBT SETTLEMENTS 7-APR WHEAT CORN MAY 288 3/4 UP 2 1/2 MAY 159 1/2 UP 1 1/4 JUL 273 1/4 UP 1/2 JUL 163 1/4 UP 1 1/2 SEP 273 1/4 UP 1/4 SEP 168 1/2 UP 2 1/4 DEC 278 3/4 UP 3/4 DEC 177 3/4 UP 3 MAR 278 UP 3/4 MAR 184 3/4 UP 3 MAY 270 3/4 UP 3/4 OATS SOYBEANS MAY7148 1/2 OFF 1 1/2 MAY7504 1/2 UP 4 3/4 JUL7138 3/4 UP 1/4 JUL7506 3/4 UP 6 1/2 SEP7129 UP 3/4 AUG7506 1/2 UP 7 DEC7134 UNCH SEP7502 1/4 UP 8 1/4 MAR8136 3/4 UNCH NOV7504 3/4 UP 8 3/4 JAN8511 3/4 UP 9 1/4 MAR8519 1/4 UP 9 1/4 MAY8522 UP 8 JUL8523 UP 9 OIL MEAL MAY7 1561 UP 18 MAY7 1466 UP 13 JUL7 1595 UP 17 JUL7 1467 UP 16 AUG7 1611 UP 16 AUG7 1467 UP 17 SEP7 1630 UP 19 SEP7 1473 UP 22 OCT7 1641 UP 16 OCT7 1476 UP 25 DEC7 1671 UP 17 DEC7 1486 UP 24 JAN8 1673 UP 18 JAN8 1497 UP 30 MAR8 1695 UP 15 MAR8 1507 UP 27 MAY8 UNCH MAY8 UNCH JUL8 UNCH JUL8 UNCH  | |
World sugar futures settled higher strengthening late on shortcovering and technically-based buying analysts said. The rally gained momentum when traders realized they could get a key reversal a commission house analyst said. But the market showed signs of continued resistance near 7.0 cents basis May he noted. May delivery exceeded yesterdays low and yesterdays high before settling at 6.94 cents a lb up 0.15 cent. Values tumbled this morning when computer fund selling triggered sell-stops at 6.60 cents and under. But contracts recouped most of those losses by midsession on trade buying brokers said. Estimated volume was 20339 lots. Reuter | WORLD SUGAR FUTURES RALLY LATE, SETTLE HIGHER |
The CFTC reported the following stocks of corn in Toledo as of Friday April 3 deliverable against Chicago Board of Trade futures (in 000s bushels) - CURRENT WEEK YEAR WEEK AGO AGO DEL GRADES 14478 15326 17456 NON-DEL GRADES/UNGRADED 3903 4291 802 CCC STOCKS 9336 9198 2463 TOTAL CORN STOCKS 27717 28815 20721 Reuter | TOLEDO DELIVERABLE CORN STOCKS |
Lumber futures recovered from lows to close 3.10 to 0.10 dlrs per tbf lower. May paced the setback and ended at 187.70 dlrs. Futures moved lower all morning on long liquidation. Stop loss orders added to the setback before late shortcovering trimmed losses traders said. Pressure reflected declines in financial futures which prompted concern that interest rates may rise and private reports of further weakness in cash product. Demand for spruce is slow and mills are looking for buyers they noted. Shearson Merrill Shatkin Dean Witter and Cargill sold on the decline. Merchants spread long May/short September at one time they added. Reuter | LUMBER FUTURES TRIM LOSSES AT CLOSE |
the chase manhattan bank N.A. <CMB> is closing its peruvian consumer banking operations less than three yeas after they opened the banks manager in peru jorge sosa said. He told reuters June 30 was the closing date. He said the measure was not linked to perus foreign debt position. Chase is one of perus top private banking creditors. Peru is over 700 mln dlrs in arrears on its interest owed to its 280 or so private foreign bank creditors bankers said. Sosa said chase opened its local consumer banking operation in september 1984. It held the equivalent of around four mln dlrs in deposits and had extended the equivalent of about five mln dlr in loans. The bank still had to decide whether it would sell the holdings to another banking institution before closing the operation he said. The closing of chases consumer operation will leave only five foreign banks operating this service in peru. Two of them are institutions from the united states and there is one each from britain japan and spain. Reuter | CHASE MANHATTAN TO CLOSE PERU CONSUMER OPERATION |
 NY COMEX SILVER CLSG 7-APR OPEN HIGH LOW CLOSE APR7 6698B 6718A 6670 6670 6733 MAY7 6730 -- 6780 6635 6750L 6780H JUN7 6767B 6787A 6800 6670 6803 JUL7 6840 -- 6860 6710 6820L 6860H SEP7 6910 -- 6930 6800 6920 DEC7 7010 -- 7050 6900 7040L 7050H JAN8 7026B 7046A 7000 7000 7072 MAR8 7130 -- 7130 7000 7130 MAY8 7210 -- 7250 7190 7227 JUL8 7280 -- 7350 7200 7312 SEP8 7344B 7364A 7400 7350 7398 DEC8 7540 -- 7540 7460 7533 JAN9 7523B 7543A -- -- 7580 SETT P SETT SETT P SETT APR7 6733 6548 MAR8 7146 6946 MAY7 6765 6580 MAY8 7227 7025 JUN7 6803 6617 JUL8 7312 7109 JUL7 6841 6654 SEP8 7398 7194 SEP7 6920 6730 DEC8 7533 7327 DEC7 7032 6838 JAN9 7580 7373 JAN8 7072 6876  | |
The CFTC reported the following stocks of corn in St Louis as of Friday april 3 deliverable against Chicago Board of Trade futures in 000s bushels - CURRENT WEEK YEAR WEEK AGO AGO DEL GRADES 640 225 369 NON-DEL GRADES/UNGRADED 0 0 25 CCC STOCKS 397 397 153 TOTAL CORN STOCKS 1037 622 547 Reuter | ST LOUIS DELIVERABLE CORN STOCKS |
 CHGO IOM LUMBER CLSG 7-APR OPEN HIGH LOW MAY7 19000H 18980L 19000 18600 JUL7 18090L 18100H 18100 17730 SEP7 17470 17470 17160 NOV7 16750L 16800H 16800 16580 JAN8 16600 16600 16530 MAR8 16550 16580 16520 MAY8 -- -- -- CLOSE SETT P SETT MAY7 18750L 18790H 18770 19080 JUL7 17820B 17880T 17850 18140 SEP7 17210T 17280B 17250 17540 NOV7 16680H 16580L 16630 16790 JAN8 16600 16600 16650 MAR8 16540B 16540 16550 MAY8 -- -- --  | |
 NYMEX PLATINUM CLSG 7-APR OPEN HIGH LOW CLOSE APR7 5670L 5680H 5700 4670 5660L 5680H MAY7 -- -- -- -- JUN7 -- -- -- -- JUL7 5730L 5740H 5775 5700 5715L 5730H OCT7 5785L 5790H 5805 5758 -- JAN8 5820B 5830A 5825 5815 -- APR8 5890 5890 5845 -- JUL8 5900B 5950A -- -- -- SETT P SETT APR7 5671 5629 MAY7 -- -- JUN7 -- 5663 JUL7 5722 5686 OCT7 5767 5728 JAN8 5812 5771 APR8 5862 5816 JUL8 5912 5866  | |
The CFTC reported the following stocks of soybeans in Toledo as of Friday april 3 deliverable against Chicago Board of Trade futures in 000s bushels - CURRENT WEEK YEAR WEEK AGO AGO DEL GRADES 1625 1747 5338 NON-DEL GRADES/UNGRADED 294 238 242 CCC STOCKS 1085 1085 329 TOTAL SOYBEAN STOCKS 3004 3070 5909 Reuter | TOLEDO DELIVERABLE SOYBEAN STOCKS |
 U.S. COCOA MERCHANT SPOT PRICES - APRIL 7 In U.S. dlrs per tonne for minimum truckload quantities ex-dock or ex-warehouse U.S. Eastern seaboard north of Hatteras sellers option: Main Crop Ivory Coast cocoa beans 2148N Superior Bahia cocoa beans 2062N Sanchez FAQ cocoa beans 1945N Superior seasons Arriba cocoa beans 1965N Ecuadorean cocoa liquor 2541N Brazilian cocoa liquor 2612N Pure pressed cocoa butter/African 4646N PURE PRESSED COCOA BUTTER/OTHER 4620N Cocoa press cake - natural 10/12 pct cocoa butter contents 975N All prices are for regular commercial quality. Reuter  | |
AVON SAYS IT TO BUY GIORGIO INC, A FRAGRANCE COMPANY, FOR 185 MLN DLRS |
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 CBT CLSG (4) 7-APR SOYBEANS OPEN HIGH LOW CORRECTED REPETITION MAY7 499 1/2L 499 3/4H 505 499 1/2 JUL7 499 3/4L 500 1/2H 507 1/4 499 3/4 AUG7 500L 500 1/4H 507 500 SEP7 496H 495 1/2L 503 1/2 495 1/2 NOV7 496 1/2 505 3/4 496 1/2 JAN8 504 1/4L 504 1/2H 512 1/4 504 1/4 MAR8 511 1/2 519 1/2 511 1/2 MAY8 515L 515 1/2H 522 515 JUL8 520 1/2 523 520 1/2 CLOSE P SETT MAY7 504L 504 3/4H 499 3/4 JUL7 507H 506 1/4L 500 1/4 AUG7 506 1/2H 506 1/4L 499 1/2 SEP7 502L 502 1/4H 494 NOV7 504 1/2L 505H 496 JAN8 511 3/4H 511 1/2L 502 1/2 MAR8 518 3/4L 519 1/2H 510 MAY8 522 514 JUL8 523 514  | |
 CBT CLSG (5) 7-APR SOYBEAN OIL CORRECTED REPETITION OPEN HIGH LOW CLOSE P SETT MAY7 1552H 1550L 1564 1548 1560L 1563H 1543 JUL7 1585H 1583L 1598 1582 1594L 1597H 1578 AUG7 1602 1615 1599 1611L 1612H 1595 SEP7 1620 1633 1616 1630 1611 OCT7 1633 1648 1627 1640B 1643A 1625 DEC7 1665 1678 1660 1671 1654 JAN8 -- 1673 1673 1671B 1675A 1655 MAR8 1695 1695 1695 1695B 1700A 1680 MAY8 -- -- -- -- -- JUL8 -- -- -- -- -- SOYBEAN MEAL OPEN HIGH LOW CLOSE P SETT MAY7 1454L 1457H 1471 1453 1466L 1467H 1453 JUL7 1455L 1456H 1470 1451 1466L 1468H 1451 AUG7 1456 1470 1451 1468H 1467L 1450 SEP7 1455 1475 1455 1475H 1472L 1451 OCT7 1455 1477 1452 1476 1451 DEC7 1465L 1467H 1492 1463 1485L 1488H 1462 JAN8 1478 1500 1478 1495B 1500A 1467 MAR8 1490 1510 1490 1505B 1510A 1480 MAY8 -- -- -- -- -- JUL8 -- -- -- -- --  | |
VIRGIN 34.00/34.50 ZINC - PRIME WESTERN 50.00/56.50 ZINC - HIGH GRADE 49.50/56.00 ZINC - SPECIAL HIGH GRADE 50.00/56.00 | CANADIAN METALS - April 7 |
Comex aluminum futures settled unchanged after featureless session. The May contract settled at 61.50 cents a lb after posting only a five point range. Estimated volume was 40 lots. Reuter | COMEX ALUMINUM FUTURES SETTLE UNCHANGED |
Deliverable grain stocks were reported in federally approved elevators in the Kansas City area on April 3 1987 as follows. -In 000s of bushels- All hard red winter wheat Deliverable This Week Week Ago Year Ago Stocks 7743 8154 13372 Non-Deliv Stocks/Ungr 417 447 432 CCC Stocks 13730 13639 4592 Total Stocks 21890 22240 18396 Reuter | KANSAS CITY DELIVERABLE GRAIN STOCKS |
TWA SAYS MARCH SYSTEM LOAD FACTOR RISES TO 67.4 PCT FROM 60.4 PCT A YEAR AGO |
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Magma Copper Co a subsidiary of Newmont Mining Corp said it is lowering its copper cathode price by 0.50 cent to 65.50 cents a lb effective immediately. Reuter | MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS |
The CFTC reported stocks of northern spring wheat in deliverable positions as of Friday April 3 (in 000s of bushels). Mpls 4/3/87 Week Ago Year Ago Deliverable 2187 2235 982 Non-Del/Ungr 699 639 305 CCC Stocks 17381 17414 19390 Total Stock 20267 20288 20677 Duluth 4/3/87 Week Ago Year Ago Deliverable 1029 1247 576 Non-Del/Ungr 1165 1350 791 CCC Stocks 16309 16710 20082 Total Stocks 18503 19307 21449 Reuter | MINNEAPOLIS DELIVERABLE SPRING WHEAT STOCKS |
U.S. trade representative Clayton Yeutter said that if Congress were to require trade retaliation it would only close markets and would result in less trade. In remarks prepared for an address to members of the University of Chicagos Graduate School of Business Yeutter said many Congressional proposals do not appear to be overtly protectionist yet their undeniable effect would be to close off market opportunitites just as exchange rate movement is unleashing such opportunities for the first time in several years. Despite all our progress on trade policy and despite the Presidents comprehensive competitiveness initiative there are many in Congress who still are supporting trade bills containing many dangerous provisions Yuetter said. Yeutter said many countries would prefer U.S. retaliation to opening their own markets. We should be intelligent enough to not let them off the hook that easily he said. He said that tough but flexible legislative language is infinitely preferable to tough but inflexible language. Both House and Senate trade proposals place undesirable limits on Presidential discretion he said. Limiting the Presidents ability to consider all available options on issues as sensitive as these would be most unwise Yeutter said. That could readily provoke retaliation which would unneccesarily embroil us in trade wars injuring most competitive export industries. Yeutter said present U.S. trade laws are fundamentally sound. President Reagan has threatened or implemented retaliation eight times in the last 18 months -- most recently in the case of Japanese semiconductors being dumped in world markets. He took these steps as a last resort only after carefully analyzing all the contingencies on a case by case basis and only after determining that such actions would open markets to American exports he said. Yeutter said it would be foolish to attempt to solve the U.S. trade deficit by focusing on trade policy alone. He added that the trade deficit was created primarily by macroeconomic policy shortcomings here and abroad. Reuter | YEUTTER WARNS CONGRESS ON TRADE RETALIATION |
Jeumont-Schneider a subsidiary of Schneider SA <SCHN.PA> announced in a statement the creation of a Canadian subsidiary Jeumont-Schneider of Canada. The new subsidiary will work on developing Jeumont-Schneiders Canadian sales particularly for its electro-mechanical and electronics goods. The company also said it had signed a distribution agreement with <Beel Electronics> for sales of the French groups speed variators in Canada. Reuter | JEUMONT-SCHNEIDER SETS UP CANADIAN SUBSIDIARY |
 WALL STREET INDICES 1500 NYSE COMPOSITE 169.42 OFF 1.54 NYSE INDUSTRIALS 205.85 OFF 1.63 S AND P COMPOSITE 299.72 OFF 2.23 NYSE-A VOLUME 198974200 AMEX INDEX 342.46 UP 0.23 AMEX-B VOLUME 14324504  | |
Comex gold futures closed stronger and near the days highs underpinned by a buoyant silver market brokers said. Silver again set the pace for the precious metals. Silver posted a sharp rise on continued speculative purchases amid hopes it would soon hit seven dlrs an ounce in the May contract. Silver finished near session highs analysts noted. Gold for delivery in June settled at 426.20 dlrs an ounce up 3.60 dlrs and just slightly under a days high of 426.50 dlrs. Gold bullion rose to 422.25/3.25 dlrs from 418.10/60 dlrs yesterday. Other contracts rose 3.60 to four dlrs. Reuter | U.S. GOLD FUTURES END STRONGER, NEAR DAY'S HIGHS |
Waste Management Inc said in response to a Reuters inquiry that it knew of no reason to account for the decline in its stock trading at 74-1/4 off 2-5/8. Reuter | WASTE MANAGEMENT <WMT> CANNOT ACCOUNT FOR DROP |
The Commodity Credit Corporation (CCC) has transferred 21.0 mln dlrs in credit guarantees previously earmarked for sales of U.S. corn and 5.0 mln dlrs for sales of oilseeds to increase available coverage on sales of U.S. poultry meat to Iraq the U.S. Agriculture Department said. The department said the action was taken at the request of Iraqs State Trade Organization for Grains and Foodstuffs. The guarantee line for sales of corn has been reduced from 78.0 mln dlrs to 57.0 mln and the line for oilseeds from 5.0 mln dlrs to zero. The guarantee line for sales of frozen poultry has been increased from 30.0 mln dlrs to 56.0 mln dlrs USDA said. Reuter | IRAQ CCC CREDIT GUARANTEES SWITCHED - USDA |
 CANADIAN WHEAT BOARD FOR APRIL 7 (CANADIAN DLRS PER TONNE/IN STORE) WHEAT PACIFIC ST.LAWR ATLANTIC 1CW 14.5 PC 214.60 200.26 203.62 13.5 PC 190.60 176.26 179.62 12.5 PC 187.00 172.66 176.02 11.5 PC 180.00 165.66 169.02 2CW 14.5 PC 190.00 175.66 179.02 2CW 13.5 PC 185.00 170.66 174.02 2CW 12.5 PC 179.00 164.66 168.02 2CW 11.5 PC 175.00 160.66 164.02 3CW 175.00 160.66 164.02 1-CU 156.66 2-CU 148.66 C FEED unquoted (CANADIAN DLRS PER TONNE/IN STORE) DURUM PACIFIC ST.LAWR ATLANTIC 1. AMBER 189.30 199.04 202.40 2. AMBER 184.30 194.04 197.40 3. AMBER 179.30 189.04 192.40 SPRING WHEAT EAST COAST - dn 5.90 DLRS WEST COAST - up 0.60 DLRS DURUM WHEAT EAST COAST - unch DLRS WEST COAST - unch DLRS Reuter  | |
Avon Products Inc said it reached an agreement in principle to purchase <Giorgio Inc> a fragrance company for 185 mln dlrs in cash. Giorgios annual revnues are more than 100 mln dlrs Avon said. The acquisition has been approved by Avons board with the closing set for May 7. The transaction would have no impact on Avons current dividend rate it said. Giorgios boutique in Beverly Hills Calif. will be sold back to Fred Hayman one of the shareholders who will continue to operate it independently Avon said. Avon said it identified Giorgio more than a year ago as a preferred acquisition candidate. It said it is launching a prestige fragrance developed in conjunction with Catherine Deneuve this spring. Giorgio will be operated as a separate subsidiary Avon said and would not compete with Avons direct selling beauty products business. Reuter | AVON PRODUCTS <AVP> TO BUY GIORGIO FOR 185 MLN |
The U.S. Agriculture Department reported the farmer-owned reserve national five-day average price through April 7 as follows (Dlrs/Bu-Sorghum Cwt) - Natl Loan Release Call Avge Rate-X Level Price Price Wheat 2.63 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 1.52 1.56 IV 2.55 2.55 V 2.65 -- Sorghum 2.53 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). Reuter | NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE |
CBT wheat futures rebounded from midsession lows to close 2-1/2 cents to 1/4 cent per bushel higher in light trade. May settled at 2.88-3/4 dlrs after posting a 2-3/4 cent range on the day. After opening higher on followthrough speculative buying after yesterdays technically strong close setting contract highs in new crop prices eased on trade talk some countries who were holding buying tenders this week have rejected U.S. offers or have taken wheat from other exporting countries traders said. However the strong chart picture and strength in corn and soybeans provided solid background support for wheat. Cargill was the featured seller in new crop July sparking the midsession selloff. Reuter | CBT WHEAT FUTURES RALLY TO CLOSE HIGHER |
 CBT GNMA CDR CLSG 7-APR CLOSE PSETT JUN7 -- 05 26/32 SEP7 -- -- DEC7 -- -- MAR8 -- -- SEP8 -- -- DEC8 -- -- MAR9 -- -- JUN9 -- -- SEP9 -- --  | |
 CBT TREASURY BONDS CLSG 7-APR CLOSE PSETT JUN7 97 9/32 H 97 7/32 L 98 4/32 SEP7 96 7/32 H 96 5/32 L 97 4/32 DEC7 95 5/32 L 95 7/32 H 96 5/32 MAR8 94 12/32H 94 9/32 L 95 7/32 JUN8 93 16/32H 93 13/32L 94 11/32 SEP8 92 22/32H 92 19/32L 93 16/32 DEC8 -- 92 22/32 MAR9 91 5/32 H 91 2/32 L 91 30/32 JUN9 -- 91 8/32 SEP9 -- 90 20/32 DEC9 -- 90 1/32  | |
 CBT 10 YEAR NOTES CLSG 7-APR CLOSE PSETT JUN7 01 15/32H 01 14/32L 102 2/32 SEP7 00 23/32H 00 22/32L 01 10/32 DEC7 100 00 20/32 MAR8 -- -- JUN8 -- -- JUN8 -- --  | |
Honduras will tender April 13 under Public Law 480 for U.S. and non-U.S. flag vessels to deliver approximately 52500 tonnes of various wheats in bulk an agent for the country said. The agent said deliveries of northern spring/dns wheat will include laydays of July 1-10 for 7500-9500 tonnes August 1-10 for 8000-10000 tonnes and September 15-25 for 12500-14500 tonnes. Deliveries of hard red winter wheat will have laydays of June 20-30 for 5000-7000 tonnes July 15-25 for 6500-8500 tonnes and September 15-25 for 7000-9000 tonnes. Offers are due by 1200 hrs EDT April 13 and will remain valid until the close of business April 14 the agent said. Reuter | HONDURAS SEEKING PL-480 VESSELS FOR BULK WHEAT |
Brazil has set up a special debt commission headed by Finance Minister Dilson Funaro to be responsible for renegotiating Brazils 109 billion dollar foreign debt officials said. The principal negotiator on the commission created by President Jose Sarney will be former foreign minister Ramiro Saraiva Guerreiro. Officials said Guerreiro would be joined on the commission by eight senior officials including a representative of the National Security Council. The creation of the commission is intended to underscore the Brazilian governments contention that the debt issue is essentially political and that a political solution must be found to the problem. On February 20 Brazil suspended interest payments on its 68 billion dollar foreign bank debt to try to force the issue. Creditor banks however have signalled that they are equally determined to resist Brazils demands for debt relief. Yesterday Funaro travelled to the United States for fresh debt negotiations with creditors deeply angered by Brasilias suspension of interest payments. Funaro was due to hold talks in New York today with the private sector before travelling to Washington for the semi- annual meeting of the International Monetary Fund and the World Bank. Officials said the new commission would start work in earnest when Funaro returns from the United States. Yesterday Funaro called for a new forum for discussion of the foreign debt. He suggested direct participation of the governments of creditor countries in debt talks. In negotiations on commercial debt talks have traditionally been restricted to banks. The creation of the new commission brings Brazils highly professional Foreign Ministry much more into the forefront on the debt issue than it has been in the past. During the period of military rule which ended in 1985 the Foreign Ministry played a very minor role in debt policy. But the new commission has diplomats among its members and the chief negotiator Saraiva Guerreiro is a seasoned envoy with a long diplomatic career. Reuter | BRAZIL SETS UP SPECIAL DEBT COMMISSION |
 NYSE INDICATION - TODD SHIPYARDS CORP <TOD> 16-1/4 TO 17-1/2 LAST 16-1/2  | |
 N.Y. RUBBER DEALERS C AND F 1615-Apr 7 (cents per lb) No 1 rss Apr 44-7/8n May 45-1/8 No 2 rss Apr 44-3/4n No 3 rss Apr 44-1/2n No 4 rss Apr 43-7/8n Std. indonesian rubber (sir) Apr 38-3/8n  | |
 RPT/NY COMEX ALUMINUM CLSG 7-APR OPEN HIGH LOW CLOSE APR7 6220B 6270A -- -- 6250 MAY7 6120B 6170A 6155 6150 6155 JUN7 6020B 6070A -- -- 6050 JUL7 5970B 6020A 5990 5990 6000 SEP7 5750B 5800A 5795 5795 5780 DEC7 5690B 5740A -- -- 5720 JAN8 5690B 5740A -- -- 5720 FEB8 -- -- -- -- MAR8 5690B 5740A -- -- 5720 MAY8 5690B 5740A -- -- 5720 JUL8 5690B 5740A -- -- 5720 SEP8 5690B 5740A -- -- 5720 DEC8 5690B 5740A -- -- 5720 JAN9 5690B 5740A -- -- 5720 SETT P SETT SETT P SETT APR7 6250 6250 FEB8 -- -- MAY7 6150 6150 MAR8 5720 5720 JUN7 6050 6050 MAY8 5720 5720 JUL7 6000 6000 JUL8 5720 5720 SEP7 5780 5780 SEP8 5720 5720 DEC7 5720 5720 DEC8 5720 5720 JAN8 5720 5720 JAN9 5720 5720  | |
 N.Y. RUBBER DEALERS EXDOCK 1615-APR 7 (CENTS PER LB) No 1 rss int landed exdock east coast Apr 46-5/8n May 46-5/8n June 46-5/8n No 2 rss int landed exdock east coast Apr 45-1/2n May 45-1/2n June 45-1/2n No 3 rss int landed exdock east coast Apr 44-1/2n May 44-1/2n June 44-1/2n No 4 rss int landed exdock east coast Apr 43-7/8n May 43-7/8n June 43-7/8n No 1 rss int spot ny 46-5/8n No 1 rss int cif any us port Apr 45-1/8n No 3 rss int fob malaysian port 38-1/8n Std Indonesian rubber (sir) 20 39-3/4n  | |
Moodys Investors Service Inc said it downgraded 1.8 billion dlrs of long-term debt of Deere and Co and its finance unit John Deere Credit Co. Downgraded were senior notes and debentures to Baa-2 from A-3 and subordinated debt to Baa-3 from Baa-1. The senior debt includes John Deere Credit Cos guaranteed Eurobonds. Moodys cited lower agricultural equipment demand due to depressed conditions in the farm economy. It also noted that equipment prices are pressured by competition. Deere is the industrys dominant producer but overcapacity keeps cash flow and debt protection measures under pressure Moodys noted. Reuter | DEERE <DE> AND UNIT DEBT DOWNGRADED BY MOODY'S |
 N.Y. RUBBER MISCELLANEOUS -APR 7 RUBBER TRADE ASSOCIATION CLOSING PRICES: CENTS PER LB EX-DOCK AND/OR STORE VALUES FOR DELIVERY U.S. EAST COAST OR GULF PORTS ANYTIME In month No. 1 rss Apr 46-5/8n No. 3 rss Apr 44-1/2n Tsr 2o Apr 39-3/4n  | |
Magma Copper Co a subsidiary of Newmont Mining Corp said it is lowering its copper cathode price by 0.50 cent to 65.50 cents a lb effective immediately. Reuter | MAGMA LOWERS COPPER PRICE 0.50 CT TO 65.50 CTS |
Trans World Airways said load factor in March rose to 67.4 pct from 60.4 pct last year. Available seat miles rose 22 pct to 3.9 billion from 3.2 billion and revenue passenger miles rose 35.4 pct to 2.6 billion from 2.0 billion. For the year-to-date load factor rose to 60.3 pct from 55.2 pct available seat miles rose 10.2 pct to 11.2 billion from 10.2 billion and revenue passenger miles rose 20.2 pct to 6.7 billion from 5.6 billion. Reuter | TWA <TWA> MARCH TRAFFIC RISES |
Cotton futures extended their gains in late dealings when trade selling dissipated allowing local and speculative buying to increase brokers said. The market settled 0.75 to 0.50 cent stronger with spot May ended 0.70 better at 56.50 cents a lb. May got as high as 56.75 cents but profit-taking by early buyers trimmed gains brokers said. Early demand came from traders convinced that the market was technically oversold brokers said. Trade buying bolstered new-crop contracts brokers said. December settled 0.72 cent firmer at 55.47 cents. Reuter | NY COTTON EXTENDS GAINS LATE, SETTLES HIGHER |
 CME ESTIMATED SALES - APRIL 7 LIVE FEEDER LIVE PORK CATTLE CATTLE HOGS BELLIES LUMBER APR 7325 542 2727 MAY 996 4645 1297 JUN 9885 5768 JLY 2445 1347 485 AUG 3678 324 914 396 SEP 69 179 OCT 1838 171 230 NOV 20 130 DEC 766 89 JAN 11 6 FEB 198 47 110 MCH 1 0 20 APR 17 24 MAY 0 JUN 1 TTL 23707 2134 12245 6498 2117 Reuter  | |
CBT soyproduct futures closed higher in sympathy with strength in new crop soybeans with soymeal up 1.30 to 3.00 dlrs per ton and soyoil 0.19 to 0.15 cent per lb higher. May soymeal settled at 146.60 dlrs with soyoil at 15.61 cents. Steadiness in Rotterdam meals and U.S. cash soymeal basis values this morning plus trade talk of additional processor down-time in the U.S. over the next few weeks added to the positive tone in meal futures they said. A local house bought over 600 contracts of July soymeal with C and D Commodities Dean Witter E.F. Hutton and Merrill Lynch buying small amounts of nearbys pit brokers said. Commercials were the featured buyers in soyoil with sellers scattered and small-lot. Reuter | CBT SOYPRODUCT FUTURES CLOSE MIXED |
GenCorp Inc said the decision by General Partners comprised of AFG Industries and Wagner and Brown to end its hostile offer for the company supports its belief that the buy back offer it announced yesterday was a financially superior alternative. GenCorp said it would annouce details of its plans to buy back 54 pct of its stock for 1.6 billion dlrs or 130 dlrs a share later this week. GenCorps buy back was made to fend off the hostile 2.3 billion dlr 100-dlr-a-share tender offer by AFG and Wagner and Brown. Earlier today AFG and Wagner and Brown said that without the benefit of additional information available to GenCorps management it cannot compete economically with GenCorps proposal. The group said it is ending its tender offer for GenCorp and promptly return to tendering shareholders all shares tendered pursuant to its offer. The group owns 9.8 pct or 2180608 shares of GenCorps outstanding shares. Reuter | GENCORP <GY> SAYS BUYBACK BETTER THAN TAKEOVER |
Wall Street stocks remained depressed in active trading. Weakness in the bond market reignited investors anxiety about interest rates and triggered profit taking and arbitrage related program selling traders said. Technology stocks were sharply lower. The Dow Jones Industrial Average fell 23 points to 2383. Declines led advances by a two-one margin on volume of 171 mln shares. General Motors gained 1-1/4 to 82-3/4 in active trading. Traders said investors expect postive comments at an analysts meeting at the end of the week. Reuter | WALL STREET STOCKS LOWER IN LATE TRADING |
Berry Petroleum Co said its board and the Norris Oil Co board approved a merger agreement that calls for Norris to become a wholly-owned Berry subsidiary. Berry a privately-owned company which already owns 80.6 pct of Norris Oils stock said the agreement calls for Norris public shareholders to receive 0.0333 Berry common shares for each Norris share held. Reuter | BERRY PETROLEUM, NORRIS OIL <NOIL> TO MERGE |
 NYSE INDEX AT 1530 205.81 OFF 1.67  | |
 CBT SILVER CLSG (2) 7-APR 1000 OUNCE SETT APR7 6750 MAY7 6780 JUN7 6820 AUG7 6900 OCT7 6980 DEC7 7080 FEB8 7150 APR8 7200 JUN8 7300 AUG8 7400  | |
The Commodity Credit Corporation (CCC) has reallocated 5.0 mln dlrs in credit guarantees previously earmarked for sales of U.S. wheat to provide coverage for sales of U.S. vegetable oil to Bangladesh the U.S. Agriculture Department said. USDA said the action was taken at the request of the Bangladesh government and reduces the guarantee line authorized for wheat sales from 25.0 mln dlrs to 20.0 and creates a new line of 5.0 mln dlrs for vegetable oils. To be eligible for coverage under the CCCs Intermediate Export Credit Program credit terms must be in excess of three years but not more than seven years. All sales covered by the credit guarantees must be registered and shipped by September 30 1987 USDA said. Reuter | CCC CREDITS FOR BANGLADESH AMENDED - USDA |
Allied-Signal Incs Bendix Test Systems Division is cutting between 75 and 125 employes as part of its streamlining efforts. Bendix which is part of the Aircraft Systems Co of Allied-Signals Aerospaces Bendix sector said the cuts would create a more cost-effective unit. It said employment is expected to remain at approximately 1200 employes. The reductions began last month when the division announced a voluntary retirement program for eligible employes. Reuter | ALLIED-SIGNAL <ALD> UNIT TO CUT EMPLOYEES |
Cocoa futures drifted into a dull finish settling at nine dlrs lower to seven higher with most contracts near unchanged from midday levels. May closed nine dlrs lower at 1925 dlrs. Estimated volume was 1461 contracts. Light selling based on weak London prices and continued offers by West African origins applied light pressure. A report from London that traders question the supportive potential of newly-negotiated buffer stock rules was also depressing to prices analysts said. Bahia arrivals now total a cumulative 6475385 bags private Brazil trade sources said half a mln bags above the year ago count. Reuter | NY COCOA FUTURES CLOSE MIXED |
The Commodity Credit Corporation (CCC) has authorized 2.0 mln dlrs in credit guarantees to cover sales of seeds for planting to Algeria the U.S. Agriculture Department said. The department said the additional guarantees increase the cumulative fiscal year 1987 program for sales of U.S. agricultural products to Algeria to 466.0 mln dlrs. To be eligible under the new seed credit guarantees all sales must be registered by September 30 1987 and shipped by December 31 1987 USDA said. Reuter | CCC SEED CREDIT GURANTEES FOR ALGERIA - USDA |
AMR Corp parent company of American Airlines said it has formed a new unit named AMR Investment Services to provide cash and pension fund management services to AMR and to small and medium-sized companies and institutional investors. AMR said the unit will provide short-term portfolio management services through either individual segregated accounts or through a commingled money market portfolio that is part of a new open-ended mutual fund called American AAdvantage Funds. AMR said the unit will provide pension fund and profit sharing invetsment management services through the American AAdvantage Balance Fund the American AAdvantage Equity Fund and the American AAdvantage Fixed Income Fund. The company said it appointed William Quinn AMR Corps assistant treasurer-funds management as president of the new unit. Reuter | AMR <AMR> FORMS NEW INVESTMENT UNIT |
 SPOT COTTON MARKETS 15/16 INCH APRIL 7 prev Montgomery 4800 4793 Memphis 4850 4900 Dallas 5040 5115 Lubbock 5115 5115 Average 4951 4981 1-1/16 inch combined sales Montgomery 5275 5205 1532 Memphis 5400 5450 3317 Dallas 5425 5500 0 Lubbock 5400 5400 7268 Greenville 5325 5255 0 Greenwood 5400 5400 5462 Phoenix 5400 5330 34 Fresno 6025 5955 0 Average 5456 5437 Total combined sales 17613 Sales since Aug 1 1986 total 5535017  | |
The U.S. Agriculture Department announced the following prevailing world market prices of rice on a loan-rate basis with previous prices -- -- Long grain whole kernels 5.87 cts per lb vs 5.70 -- Medium grain whole kernels 5.28 cts per lb vs 5.12 -- Short grain whole kernels 5.22 cts per lb vs 5.06 -- Broken kernels 2.94 cts per lb vs 2.85 The repayment rate for 1986-crop warehouse or farm-stored rice loans are the higher of the world price or 50 pct of the loan rate of 7.20 dlrs per cwt. The prices will remain in effect for a week but new prices could be announced earlier if warranted USDA said. Reuter | USDA ANNOUNCES WORLD MARKET RICE PRICES |
Shr nine cts vs seven cts Net 1356000 vs 1041000 Revs 9.7 mln vs 8.4 mln Reuter | TOTAL SYSTEM SERVICES INC <TSYS> 1ST QTR NET |
Shr 38 cts vs 30 cts Net 1356754 vs 1048340 Assets 448.5 mln vs 407.4 mln Reuter | HUBCO INC <HCO> 1ST QTR NET |
Gulf export prices for grain delivered to Gulf export elevators barge to Louisiana Gulf rail to Texas Gulf prompt or 30 day shipment dollar per bushel except sorghum per cwt. WINTER WHEAT 1 HARD RED-Ordinary 308-3/4 dn 1-1/4 2 SOFT RED 313-3/4 dn 2-1/2 2 YEL CORN 180-1/2 up 1-1/4-dn 3/4 2 YEL SORGHUM 321-327 dn 2-up 4 2 YEL SOYBEANS 526-3/4-527-3/4 up 1-up 2 reuter | KANSAS CITY GULF EXPORT PRICES - USDA |
Manhattan National Corp said it elected Charles Hinckley chairman and chief executive officer of the life insurance holding company. Hinckley succeeds Wilmot Wheeler Jr who returns to his former position as vice chairman the company said. Hinckley will continue as president and chief executive officer of Union Central Life Insurance Co a Cincinnati-based mutual insurer which owns approximately 52.2 pct of Manhattan National outstanding stock. Reuter | MANHATTAN NATIONAL <MLC> ELECTS CHAIRMAN |
BEST BASIS BIDS POSTED BY GRAIN DEALERS AT THE CLOSE - CHICAGO CORN PROCESSORS SPOT 4 UNDER MAY - UNC L/H APRIL 1 UNDER MAY - UNC F/H MAY MAY PRICE - UP 1 EXPORTERS APRIL 4 UNDER MAY - UNC NEW CROP 10 UNDER DEC - UNC BURNS HARBOR APRIL 5 UNDER MAY - UNC MERCHANDISER SPOT 4 UNDER MAY - UNC CHICAGO OATS MERCHANDISER SPOT 20 OVER MAY - UNC CHICAGO SOYBEANS EXPORTERS APRIL 3 UNDER MAY - UNC NEW CROP 10 UNDER NOV - UNC BURNS HARBOR APRIL 3 UNDER MAY - UNC MERCHANDISER SPOT 3 UNDER MAY - UNC CHICAGO SRW WHEAT MILLERS 57 LB SPOT 35 OVER MAY - UNC ELEVATOR 58 LB SPOT MAY PRICE - UNC NEW CROP 7 UNDER JULY - UNC EXPORTERS SPOT UA NEW CROP 5 UNDER JULY - UNC MERCHANDISER SPOT 35 OVER MAY - UNC TOLEDO CORN SPOT 5 UNDER MAY - UP 1 SOYBEANS SPOT 1 UNDER MAY - UNC SRW WHEAT SPOT 58 LBS 35 OVER MAY - UNC ILLINOIS RIVER - SENECA CORN SPOT 2-1/2 UNDER MAY - UP 1-1/2 SOYBEANS SPOT 5 UNDER MAY - DN 1-1/2 CIF GULF - BARGE CORN APRIL 21 OVER MAY - NC SOYBEANS APRIL 24 OVER MAY OFFERED - DN 2 SRW WHEAT UNQUOTED PIK CERTIFICATES - PCT OF FACE VALUE OUT BY APRIL 7 104-1/2 PCT BID/105-1/4 ASKED - DN 1/2 NC - NO COMPARISON UNC - UNCHANGED Reuter | CHICAGO CASH GRAIN |
 IMM CURRENCY FUTURES SETTLEMENTS 7-APR B-POUND-IMM SETTLEMENT NET CHANGE JUN16080 OFF 20 SEP15980 OFF 20 DEC15890 OFF 20 MAR15810 OFF 20 JUN UNTRD C-DOLLAR-IMM SETTLEMENT NET CHANGE JUN 7656 UP 22 SEP 7650 UP 22 DEC 7643 UP 22 MAR 7636 UP 22 JUN 7629 UP 22 D-MARK-IMM SETTLEMENT NET CHANGE JUN 5501 OFF 3 SEP 5538 OFF 2 DEC 5577 UNCH MAR UNTRD JUN UNTRD  | |
 IMM CURRENCY FUTURES SETTLEMENTS [2] 7-APR S-FRANC-IMM SETTLEMENT NET CHANGE JUN 6648 UP 18 SEP 6689 UP 17 DEC 6730 UP 15 MAR 6772 UP 4 JUN UNTRD  | |
 OMAHA DAILY GRAIN PRICES No1 HRW Wheat 278-1/2-279 No2 Yellow Corn 147-150 No2 Heavy Oats 160 No2 Yellow Sorghum 270 NO1 YELLOW SOYBEANS 488-490 Reuter  | |
Period ended Jan 31 Shr loss three cts vs loss two cts Net loss 183500 vs loss 163800 Sales 608800 vs 1156100 Year Shr loss 16 cts vs loss 21 cts Net loss 1128600 vs loss 1081600 Sales 3811200 vs 6968700 Reuter | <WILDERNESS EXPERIENCE INC> 4TH QTR LOSS |
Shr nine cts vs seven cts Net 1356000 vs 1041000 Revs 9729000 vs 8367000 Reuter | TOTAL SYSTEMS SERVICES <TSYS> 1ST QTR NET |
 NYSE INDEX AT 1530 205.79 OFF 1.69  | |
<Wilderness Experience Inc> said it may be forced to file for bankruptcy court protection or seek a liquidation of the company if it is unsuccessful in obtaining the financing necessary to meet its bank debt commitments. The company said it has been unable to renew a short-term borrowing arrangement with its bank or to make scheduled debt payments. It also said the bank has said it will foreclose their security interest in the company if it does not present an acceptable payment program within the next several weeks. Reuter | WILDERNESS EXPERIENCE MAY FILE FOR BANKRUPTCY |
 CHGO IMM 90 DAY TREASURY BILLS CLSG 7-APR OPEN HIGH LOW JUN7 9431H 9430L 9434 9429 SEP7 9425 9429 9424 DEC7 9421 9423 9418 MAR8 9410 9411 9408 JUN8 9394 9394 9393 SEP8 9373 9373 9373 DEC8 9351 9353 9351 MAR9 -- -- -- CLOSE SETT PSETT JUN7 9429L 9430H 9430 9434 SEP7 9425H 9424L 9425 9430 DEC7 9418A 9419 9425 MAR8 9408 9408 9415 JUN8 9393A 9393 9398 SEP8 9373 9373 9377 DEC8 9351 9353 9359 MAR9 -- -- 9420  | |
 CHGO IMM CERTIFICATES OF DEPOSIT CLSG 7-APR OPEN HIGH LOW JUN7 9372 9372 9369 SEP7 -- -- -- DEC7 -- -- -- CLOSE SETT PSETT JUN7 9372 9369 9370 SEP7 -- -- 9398 DEC7 -- -- --  | |
 NYSE RESUMPTION - TODD SHIPYARDS CORP <TOD> 200 AT 16-1/2 UNCHANGED  | |
(DLRS PER TON BULK IN CAR OF TRUCK LOTS) 44 PCT SOYBEAN MEAL/SOLVENT 156.70-160.70 48 PCT SOYBEAN MEAL/SOLVENT 168.70-171.70 41 PCT COTTONSEED MEAL/SOLVENT 145.00 50 PCT Meal and bone meal 187.50 50 PCT Meal/bone meal blended 187.50 GLUTEN FEED 100.00 GLUTEN MEAL 230.00 WHEAT BRAN and MIDLNGS 35.00-36.00 FEATHER MEAL 145.00-150.00 FEATHER MEAL - ARKANSAS POINTS 130.00-135.00 ANIMAL FAT - cts per lb yellow 9-1/2 BLEACHABLE FANCY 11-1/2 HOMINY FEED 60.00 DEHYDRATED ALFALFA MEAL 95.60 SUN-CURED ALFALFA PELLETS 85.00 BLACKSTRAP MOLASSES 97.20 DEHYDRATED ALFALFA PELLETS ALFALFA CENTER OF NEBRASKA 81.00 ALFALFA HAY FOB STORAGE ALFALFA CENTER 40.00-45.00 Reuter | KANSAS CITY DAILY FEED-WHOLESALE PRICES (USDA) |
 CHGO IMM EURODOLLARS CLSG 7-APR OPEN HIGH LOW JUN7 9330L 9331H 9336 9328 SEP7 9325 9329 9320 DEC7 9318 9321 9311 MAR8 9303 9307 9297 JUN8 9284 9286 9277 SEP8 9262 9264 9256 DEC8 9239 9241 9233 MAR9 9218 9220 9210 CLOSE SETT PSETT JUN7 9329H 9328L 9329 9335 SEP7 9320L 9321H 9321 9330 DEC7 9311L 9312H 9312 9322 MAR8 9297 9297 9308 JUN8 9277 9278 9288 SEP8 9256 9256 9266 DEC8 9235A 9233 9243 MAR9 9210L 9211H 9211 9222  | |
The following initial securities offerings were filed recently with the Securities and Exchange Commission: RehabCare Corp Chesterfield Mo. - 2.5 mln shares of common stock at an estimated 10-13 dlrs a share through an underwriting group led by Prudential-Bache Capital Funding. Sanderson Farms Inc Laurel Miss. - 1.25 mln shares of common stock at an estimated 15-17 dlrs a share through a group led by Smith Barney Harris Upham and Co Inc. Samna Corp Atlanta Ga - one mln common shares at an estimated eight-10 dlrs each through Robinson-Humphrey Co Inc. Reuter | RECENT INITIAL SHARE OFFERINGS FILED WITH SEC |
 DENVER PRODUCER PRICES no1 hrw wheat ord 254-262 12 pct 254-262 13 pct 255-276 no2 yellow corn 287-295 no2 barley 335 Reuter  | |
<E-tron> said it named Thomas Fleming director of its Chaff Countermeasures Division. Fleming who has 18 years experience in Chaff manufacturing was formerly with Tracor Inc <TRR> the company said. E-Tron said it is currently in Chapter 11. Reuter | E-TRON NAMES DIRECTOR OF CHAFF DIVISION |
Perceptronics Inc said its FAAC Perceptronics subsidiary received a 2.7 mln dlr contract from the Naval Air Development Center in Warminster Pa. The contract calls for the company to develop software for Naval aircraft training simulators and F-14D weapons systems analysis Perceptronics said. Reuter | PERCEPTRONICS <PERC> UNIT GETS NAVY CONTRACT |
Bermuda Star Line Inc said it has leased a 23500 ton passenger vessel from Orley Shipping Co Inc of Liberia for a term with options extending for 15 years. The vessel SS Liberte will be renamed the Canadian Star and will be used for cruises to Montreal from New York beginning in June. Orley SHipping is partially owned by Common Brothers PLC a U.K. maritime firm which owns 60 pct of Bermuda Stars shares and arranged debt financing for the ships purchase. Orley acquired the vessel from Banstead Shipping Ltd. Terms were not disclosed. Reuter | BERMUDA STAR <BSL> LEASES VESSEL |
Iraq said tonight its forces were battling to dislodge Iranian troops from territory they gained during a new three-pronged offensive on the war front near the southern city of Basra. The third High Command communique issued during the day said the Iranians launched a major overnight assault on the fronts of three Iraqi divisions the Qutaiba Muthanna and Mohammed al-Qassem forces. It said the Iranian troops which attacked the Qutaiba front were completely annihilated but the invading force managed to gain some footholds on the other fronts. Fierce fighting has been raging since dawn today and all morning where our forces succeeded in dislodging the Iranians from all the positions they gained at the Muthanna front and the situation ended in Iraqs favour the communique said. It said Iraqi forces were continuing counter-attacks to drive the Iranians from the few positions they were still holding on the front of the Mohammed al-Qassem forces. The precise locations of the three fronts were not given. Reuter | IRAQ SAYS FIERCE FIGHTING TO DISLODGE IRANIANS |
<Premdor Inc> said it planned a two-for-one common stock split subject to shareholder approval at the May 4 annual meeting. It said the split if approved would take effect on May 20. Premdor manufactures and sells wood doors. Reuter | PREMDOR PLANS TWO-FOR-ONE STOCK SPLIT |
Shr loss two cts vs loss two cts Net loss 183597 vs loss 136990 Rev 36600 vs 61763 Avg shares 12355000 vs 9205000 Year Shr loss five cts vs loss five cts Net loss 571336 vs loss 416595 Rev 103327 vs 61763 Avg shares 12355000 vs 8705000 NOTE: Companys full name is <Teletrak Advanced Technology Systems Inc and it is a unit of Helm Resources <H>. 1985 net loss includes loss from discontinued operations of 278156 dlrs. Reuter | TELETRAK ADVANCED TECHNOLOGY 4TH QTR LOSS |
Hooker Corp Ltd of Australia said it has named A. Anthony McLellen to the new position of president of Hooker Holdings (U.S.A.) Inc the holding company for Hooker Corps U.S. operations. Reuter | <HOOKER CORP LTD> NAMES NEW PRESIDENT FOR UNIT |
Cannon Group Inc said it agreed in principle to sell its 50 pct interest in the HBO/Cannon Video joint venture to the Home Box Office unit of Time Inc <TL>. The company said it is making the sale because in the near future all of its video products will be licensed in the United States and Canada to either the Warner Brothers unit of Warner Communications Inc <WCI> or to Media Home Entertainment. Reuter | CANNON <CAN> SELLS STAKE IN HBO/CANNON VENTURE |
Standard and Poors Corp said it is keeping GenCorp Incs 100 mln dlrs of BB-plus subordinated debt on creditwatch with negative implications. S and P cited the companys announcement that it will purchase up to 54 pct of its common stock shares for 1.6 billion dlrs. GenCorp will finance some of the buy back with bank loans the agency noted. GenCorp was originally placed on creditwatch for a possible downgrade after a partnership affiliated with AFG Industries Inc <AFG> and Wagner and Brown made a tender offer of 110 dlrs per share or 2.2 billion dlrs. Reuter | GENCORP <GY> STAYS ON S/P CREDITWATCH, NEGATIVE |
Houston Oil Trust said there will be no royalty funds available for distribution to unit holders in April. It also said that based on recent independent petroleum engineers estimates of Oct 31 1986 there may be no amounts avialable for distribution the rest of the year. Reuter | HOUSTON OIL TRUST <HO> HALTS ROYALTIES |
Qtly dividend 52-1/2 cts vs 52-1/2 cts Pay May one record April 17 Reuter | UPPER PENINSULA POWER CO <UPEN> SETS PAYOUT |
N.Y. coffee futures closed higher again today on trade talk Brazil would not be an aggressive seller near term analysts said. In addition roaster demand emerged in some forward deliveries while earlier trade selling around the 102.50 cent level in the May retreated. May closed 2.21 cents higher at 104.25 cents its highest close since March 30. Analysts said the market has now fully discounted the fact that there most likely will not be fresh ICO coffee quota talks until September. Its now starting to focus more on the day to day a possibly oversold condition and some roaster interest one analyst said. Estimated volume was 3605 contracts. July was up 2.25 cents at 106.25 cents. Reuter | NY COFFEE FUTURES CLOSE HIGHER |
Qtly div 25 cts vs 25 cts prior Pay July 1 Record May 7 Reuter | ITT CORP <ITT> DECLARES DIVIDEND |
slaughter cattle sold steady to up 1.50 dlrs. choice 2-4 1050-1350 lb steers 64.50-69.00 high plains 69.50-70.00. choice 2-4 925-1150 lb heifers 63.00-67.00 high plains 68.00-68.50. us 1-3 210-250 lb barrows and gilts rose 1.00 to 2.00 dlrs at 50.50-52.50 terminals markets and direct trade 49.50-52.00. Reuter | DAILY MIDWEST LIVESTOCK SUMMARY - USDA |
Shr 87 cts vs 87 cts prior qtr Pay May 15 Record April 20 Reuter | PACIFIC LIGHTING CORP <PLT> QTLY DIVIDEND |
Qtly div 20 cts vs 20 cts previously Pay June Eight Record May 22 Reuter | STALEY CONTINENTAL <STA> REGULAR DIVIDEND SET |
Qtly div 25 cts vs 25 cts prior Payable July one Record May 7 Reuter | ITT CORP <ITT> REGULAR QTRLY DIVIDEND |
The hog/corn ratio for the week ended April 4 was 32.7 versus 32.1 the previous week and 17.1 in the corresponding week a year ago the U.S. Agriculture Department said. The steer/corn ratio in the same week was 42.2 versus 41.2 the previous week and 22.9 in the corresponding week a year ago. The ratio represents the number of bushels of corn at Omaha that can be bought for 100 lbs of hog or steer. Reuter | HOG/CORN RATIO UP IN WEEK - USDA |
(Comterm Inc) said it signed an agreement to manufacture computer terminals for General Instrument Corp to be used in the companys computerized electronic lottery systems. Comterm did not give the value or other details of the contract. Reuter | COMTERM, GENERAL INSTRUMENT (GRL) IN CONTRACT |
<Westmin Resources Ltd> said it plans to increase capacity at its Myra Falls British Columbia base and precious metal mine and mill complex by 33 pct to 4400 tons of ore a day subject to regulatory approvals. The company said the expansion will cost about 24 mln dlrs and could be in operation by 1988. Economies of scale from the expansion should pay back net expansion cost in less than one year Westmin said. The Myra Falls complex processed 3257 tons of ore a day during 1986. Reuter | WESTMIN TO RAISE MYRA FALLS CAPACITY BY 33 PCT |
(CENTS PER BUSHEL) Minneapolis/Duluth Cash Close and Change M=Minneapolis D=Duluth NB=no bid 1 DNS WHEAT: PROTEIN ord port M-D 268-1/4n up 1-3/4 11 pct M-D 273-1/4n up 1-3/4 12 pct M-D 288-1/4 up 6-3/4 13 PCT M-D 296-1/4 up 1-3/4 14 pct M-D 323-1/4 up 1-3/4 15 pct M-D 375-1/4 up 1-3/4 16 pct M-D 415-1/4 up 1-3/4 17 pct M-D 420-1/4n up 1-3/4 1 HRW WHEAT 12 pct D-M-288-1/4 dn 1/4 13 pct D-M-300-1/4 up 1-3/4 1 Hard Amber Durum Milling M-D 395-400 unch Terminal M-355n unch D-380n unch 1 Pl Rye M-185 unch 2 Rye M-165n-175n unch 1 Hvy Oats M-155n-166n unch 2 Hvy Oats M-155n-166 unch Malting Barley - 65 pct or better Mellow M-200-205 unch Blue M-205 unch 2 Feed M-unq D-175b unch Minneapolis Only 2 Yel Corn 140-1/2b up 2-1/2 1 Yel Soybeans 492-1/2b up 2-3/4 Sun Seeds - oil type M-no quote D-no quote Reuter | MINNEAPOLIS DAILY CASH GRAIN CLOSE (RAIL) USDA |
Cryodynamics Inc said it received 1575000 dlrs through a warrant conversion program that ended March 31. The company said 85.5 pct of its one mln outstanding warrants were converted to common stock. It said it now has 7500000 common shares outstanding. The money generated by the warrant conversion has been added to working capital the company said. Reuter | CRYODYNAMICS <CRYD> WARRANTS CONVERTED |
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