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FIRST GRANITE BANCORP INC AGREES TO BE ACQUIRED BY MAGNA GROUP INC FOR STOCK
|
FIRST GRANITE BANCORP INC AGREES TO BE ACQUIRED BY MAGNA GROUP INC FOR STOCK
| Commodities and Trade |
ARGENTINE VEGETABLE OILS SHIPMENTS IN JAN/NOV 1986
| Argentine Vegetable oils shipments
during January/November 1986 totalled 1,693,951 tonnes, against
1,469,208 tonnes in the same 1985 period, the Argentine grain
board said.
The breakdown was: cotton 4,000 (27,900), sunflower 929,847
(816,727), linseed 113,827 (132,954), groundnutseed 26,248
(25,508), ... | Financial Reports |
PARKER DRILLING <PKD> SUSPENDS PAYOUT
| Parker Drilling Co said its board
of directors voted to suspend the payment of dividends to
shareholders.
Parker Drilling said it has been paying a quarterly
dividend of one ct a share of common stock.
The company said it expects to save 1.3 mln dlrs a year
through the dividend suspension.
| Commodities and Trade |
EQK REALTY INVESTORS <EKR> 4TH QTR NET
| Shr nine cts vs 22 cts
Net 700,000 vs 2,200,000
Revs 5,400,000 vs 5,700,000
Avg shrs 7,589,344 vs 10.1 mln
12 mths
Shr 43 cts
Net 3,500,000
Revs 21.6 mln
NOTE: 12 mth figures not available for 1985 since company
started operations March 31, 1985.
| Commodities and Trade |
MASCO CORP <MAS> REGULAR DIVIDEND SET
| Qtly div nine cts vs nine cts previously
Pay May 11
Record April 17
| Corporate News |
TURKISH RETAIL PRICES RISE 2.7 PCT IN FEBRUARY
| Turkish retail prices rose 2.7 pct in
February after 2.9 pct in January and 1.7 pct in February 1986,
the State Statistics Institute said.
Prices in the year to February rose 31.6 pct, compared with
30.3 pct in the year to January and 38.8 pct in the 12 months
to February 1986.
The index (base 197... | Corporate News |
EQK REALTY INVESTORS I <EKR> SETS PAYOUT
| Qtrly div 41.5 cts vs 41.5 cts prior
Pay July 29
Record June 15
| Commodities and Trade |
12-MAR-1987
| 12-MAR-1987
| Other |
IPCO CORP <IHS> SETS REGULAR PAYOUT
| Qtrly div nine cts vs nine cts prior
Pay May 1
Record April 9
| Financial Reports |
FIRST GRANITE <FGBI> AGREES TO BE ACQUIRED
| First Granite Bancorp Inc
said it agreed in principle to become a wholly owned subsidiary
of Magna Group Inc <MAGI>.
Under terms of the agreement, First Granite shareholders
will receive 2.175 shares of Magna for each First Granite share
held. First Granite shareholders will be asked to approve the
... | Financial Reports |
CANADIAN IMPERIAL BANK OF COMMERCE CUTS PRIME RATE TO 8.75 PCT FROM 9.25 - TOMORROW
|
CANADIAN IMPERIAL BANK OF COMMERCE CUTS PRIME RATE TO 8.75 PCT FROM 9.25 - TOMORROW
| Commodities and Trade |
THERMWOOD CORP <THM> 2ND QTR JAN 31 NET
| Shr three cts vs three cts
Net 165,798 vs 143,872
Sales 1,787,561 vs 1,072,686
Six mths
Shr four cts vs four cts
Net 175,928 vs 191,310
Sales 3,137,695 vs 2,723,557
Avg shrs 4,862,046 vs 4,722,150
| Corporate News |
PERINI INVESTMENT PROPERTIES <PNV> RAISES PAYOUT
| Qtly div 15 cts vs 12 cts in prior qtr
Payable June 25
Record May 28
| Other |
SUN <SUN> RAISES CRUDE POSTINGS 50 CTS
| Sun Co said it raised the contract
price it will pay for crude oil 50 cts a barrel, effective
today.
The increase brings Sun's posted price for the West Texas
Intermediate and West Texas Sour grades to 17.50 dlrs/bbl. The
Light Louisiana Sweet grade was also raised 50 cts to 17.85
dlrs/bbl.
Sun ... | Financial Reports |
PETROLEUM AND RESOURCES CORP <PEO> DIVIDEND
| Interim income dividend 20 cts. Last paid 1.14 dlrs
February 27, including capital gains of 50 cts.
Pyable April 20
Record April eight
| Financial Reports |
ROYAL BANK OF CANADA LOWERS PRIME RATE TO 8-3/4 PCT, DOWN 1/2
|
ROYAL BANK OF CANADA LOWERS PRIME RATE TO 8-3/4 PCT, DOWN 1/2
| Market and Economy |
NEW LINE CINEMA CORP <NLN> 4TH QTR NET
| Shr 11 cts vs nine cts
Net 677,498 vs 461,485
Revs 6,271,010 vs 5,135,729
Year
Shr 81 cts vs 20 cts
Net 4,406,065 vs 973,967
Revs 26.5 mln vs 14.1 mln
Avg shrs 5,457,339 vs 4,978,965
| Market and Economy |
OTTAWA SEEKS EXPLANATION OF CREDIT CARD RATES
| Minister of State for Finance Tom Hockin
said he has asked the Canadian Bankers Association, an industry
lobby group, for an explanation of the level of credit card
interest rates.
Hockin said he hopes to here the association's response on
the "important" issue soon. Hockin was responding to questions
... | Market and Economy |
IPCO CORP <IHS> REGULAR DIVIDEND
| Qtly div nine cts vs nine cts in prior qtr
Payable May one
Record Apreil nine
| Commodities and Trade |
ASAMERA INC YEAR OPER SHR LOSS 48 CTS VS PROFIT 50 CTS
|
ASAMERA INC YEAR OPER SHR LOSS 48 CTS VS PROFIT 50 CTS
| Financial Reports |
DIAMOND SHAMROCK RAISED CRUDE BY 50 CTS/BBL TODAY. WTI UP TO 17.50 DLRS.
|
DIAMOND SHAMROCK RAISED CRUDE BY 50 CTS/BBL TODAY. WTI UP TO 17.50 DLRS.
| Market and Economy |
ALLEGHNEY INTERNATIONAL <AG> FACES ADDED COUNT
| Alleghney International Inc said the
plaintiffs in the existing lawsuits opposing its sale requested
an amendment to their complaint to include a class action
count.
Alleghney said the suit, filed in the U.S. District Court
for the Western District of Pennsylvania, was aimed at blocking
the sale of Al... | Market and Economy |
PHILLIPS RAISES CRUDE POSTINGS 50 CTS EFFECTIVE TODAY, WTI TO 17.50 dlrs/bbl
|
PHILLIPS RAISES CRUDE POSTINGS 50 CTS EFFECTIVE TODAY, WTI TO 17.50 dlrs/bbl
| Financial Reports |
U.S. SEISMIC CREW COUNT DROPS 6 PCT IN FEBRUARY
| The number of seismic crews
searching for oil and gas in the United States dropped by nine
to a total of 151 crews, a decrease of six pct from January,
the Society of Exploration Geophysicists said.
The February total represented a 49 pct decrease from
February 1986.
Worldwide, the association's m... | Market and Economy |
12-MAR-1987
| 12-MAR-1987
| Corporate News |
BALLY <BLY> COMPLETES PURCHASE OF GOLDEN NUGGET
| Bally Manufacturing Corp said it
completed the acquisition of the Golden Nugget Casino Hotel in
Atlantic City, New Jersey from Golden Nugget Inc.
Bally also acquired from Golden Nugget various parcels of
real estate in Atlantic City, it noted.
The transaction included 140 mln dlrs in cash and stock ... | Financial Reports |
PESSIMISM MOUNTS OVER BAHIAN TEMPORAO COCOA CROP
| Pessimism over the effects of a
prolonged dry spell on the coming Bahian temporao cocoa crop is
rising with trade forecasts generally in the 2.0 mln to 2.5 mln
bag range against 2.5 mln to 3.0 mln a fortnight ago.
Trade sources told Reuters from the state capital of
Salvador that despite scattered rains... | Corporate News |
ROSE'S STORES INC <RSTO> 4TH QTR JAN 28
| Shr 37 cts vs 37 cts
net 7.6 mln vs 7.5 mln
Revs 383.9 mln vs 326.3 mln
Year
Shr 1.17 dlrs vs 99 cts
Net 24.0 mln vs 20.3 mln
Revs 1.2 billion vs 1.0 billion
| Market and Economy |
U.S. EXPORTERS REPORT 120,000 TONNES WHEAT PURCHASED FROM FOREIGN SELLERS FOR 1987/88
|
U.S. EXPORTERS REPORT 120,000 TONNES WHEAT PURCHASED FROM FOREIGN SELLERS FOR 1987/88
| Financial Reports |
PHILLIPS <P> RAISES CRUDE POSTINGS 50 CTS
| Phillips Petroleum said it raised the
contract price it will for all grades of crude oil 50 cts a
barrel, effective today.
The increase brings Phillip's posted price for the West
Texas Intermediate and West Texas Sour grades to 17.50 dlrs a
bbl.
Phillips last changed its crude oil postings on Marc... | Financial Reports |
ASAMERA INC <ASM> YEAR LOSS
| Oper shr loss 48 cts vs profit 50 cts
Oper net loss 11.3 mln vs profit 18.1 mln
Revs 262.8 mln vs 399.7 mln
Note: 1986 net excludes tax gain of 1.1 mln dlrs or three
cts shr vs yr-ago gain of 5.6 mln dlrs or 17 cts shr.
1986 net includes 15 mln dlr charge for reduction in
carrying value of... | Financial Reports |
LVI GROUP INC <LVI> 4TH QTR OPER NET
| Oper shr profit two cts vs loss 19 cts
Oper net profit 523,000 vs loss 2,191,000
Revs 102.5 mln vs 39.9 mln
Avg shrs 20.0 mln vs 11.1 mln
Year
Oper shr profit 11 cts vs loss 29 cts
Oper net profit 2,240,000 vs loss 2,884,000
Revs 304.4 mln vs 50.3 mln
Avg shrs 19.4 mln ... | Financial Reports |
TALKING POINT/PUROLATOR COURIER CORP <PCC>
| Purolator Courier corp's stock rose on
specualtion that a disgruntled former Purolator director would
find a new suitor for the company, traders said.
Purolator agreed in late February to a 35 dlr-a-share, 265
mln-dlr offer from E.F. Hutton LBO Inc and certain members of
its Purolator courier division's... | Financial Reports |
USDA SAYS WHEAT PURCHASED FROM FOREIGN SELLERS
| The U.S. Agriculture Department said
private U.S. exporters reported purchases from foreign sellers
of 120,000 tonnes of wheat for delivery to unknown
destinations.
The wheat, consisting of 60,000 tonnes of hard red winter
and 60,000 tones of soft red winter, is for delivery during the
1987/88 season,... | Financial Reports |
CONSOLIDATED TVX TO BUY BRAZIL GOLD MINE STAKES
| <Consolidated TVX Mining Corp> said it
agreed to issue 7.8 mln treasury shares to acquire interests in
three gold mining companies in Brazil and an option to increase
the company's interest in a platinum property.
The company said the transactions will bring immediate
production and earnings to Conso... | Other |
VOLCKER SEES NO CLEARCUT EVIDENCE THAT U.S. TRADE DETERIORATION HAS YET BEEN REVERSED
|
VOLCKER SEES NO CLEARCUT EVIDENCE THAT U.S. TRADE DETERIORATION HAS YET BEEN REVERSED
| Financial Reports |
DIAMOND SHAMROCK <DIA> RAISES CRUDE POSTINGS
| Diamond Shamrock said it raised the
contract price it will pay for crude oil 50 cts a barrel,
effective today.
The increase brings the company's posted price for the
benchmark grade, West Texas Intermediate, to 17.50 dlrs/bbl.
Diamond Shamrock last changed its postings on March 4.
| Other |
TORONTO DOMINION BANK CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT - TOMORROW
|
TORONTO DOMINION BANK CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT - TOMORROW
| Corporate News |
BANK OF MONTREAL CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE FRIDAY
|
BANK OF MONTREAL CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE FRIDAY
| Financial Reports |
VOLCKER SAYS FED REMAINS CONCERNED ABOUT THE POSSIBILITY OF RENEWED INFLATION
|
VOLCKER SAYS FED REMAINS CONCERNED ABOUT THE POSSIBILITY OF RENEWED INFLATION
| Financial Reports |
ASSETS OF MONEY MARKET MUTUAL FUNDS FELL 35.3 MLN DLRS IN LATEST WEEK TO 237.43 BILLION
|
ASSETS OF MONEY MARKET MUTUAL FUNDS FELL 35.3 MLN DLRS IN LATEST WEEK TO 237.43 BILLION
| Corporate News |
WEINBERGER OPPOSES FUJITSU BUYING U.S. FIRM
| Defense Secretary Caspar Weinberger
will join Commerce Secretary Malcolm Baldrige in fighting
Fujitsu Ltd's <ITSU.T> plan to buy 80 pct of <Fairchild
Semiconductor Corp>, Pentagon officials said.
"He (Weinberger) opposes it. It is not in the best interests
of the country to have more of the micro-... | Financial Reports |
WARWICK INSURANCE MANAGERS INC <WIMI> 4TH QTR
| Oper shr 17 cts vs 19 cts
Oper net 636,000 vs 358,000
Revs 10.6 mln vs 7,024,000
Avg shrs 3,808,000 vs 1,924,000
Year
Oper shr 73 cts vs 65 cts
Oper net 2,467,000 vs 1,199,000
Revs 31.5 mln vs 22.9 mln
Avg shrs 3,372,000 vs 1,785,000
NOTE: Net excludes investment ... | Corporate News |
GLICKMAN PUSHES HARD FOR 0/92 FARM PLAN
| Implementation of a one-year 0/92
pilot program for wheat and feedgrains was strongly promoted
today by the chairman of a key house agriculture subcommittee
as a way to cut farm costs and simultaneously give farmers
another option when making their planting decisions.
"We have a budget driven farm polic... | Financial Reports |
SAFEGUARD SCIENTIFIC <SFE> IN EQUITY DEAL
| Safeguard Scientifics Inc
said it made a 2.5 mln dlr equity investment in <Sanchez
Computer Associates Inc>, a private computer software firm
based in Malvern, Pa.
Safeguard said the investment gives it a "major ownership
position" in Sanchez, which specializes in software products
for financial ins... | Financial Reports |
CORE INDUSTRIES INC <CRI> 2ND QTR FEB 28 NET
| Shr 20 cts vs 22 cts
Net 1,948,000 vs 2,124,000
Sales 40.9 mln vs 41.0 mln
Six mths
Shr 40 cts vs 50 cts
Net 3,864,000 vs 4,835,000
Sales 81.7 mln vs 79.9 mln
NOTE: 1986 results include gain on sale of land of 571,000
dlrs, or six cts a share
1986 results include loss... | Financial Reports |
FIRST FINANCIAL <FFMC> IN STOCK SPLIT
| First Financial Management Corp said
its board declared a three-for-two stock split of its common
stock.
The split will be effected by a 50 pct stock dividend for
shareholders of record March 23 to be distributed on April six.
| Corporate News |
BANK OF NOVA SCOTIA CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE TOMORROW
|
BANK OF NOVA SCOTIA CUTS PRIME RATE TO 8-3/4 PCT FROM 9-1/4 PCT, EFFECTIVE TOMORROW
| Corporate News |
CHEMLAWN <CHEM> RISES ON HOPES FOR HIGHER BIDS
| ChemLawn Corp <CHEM> could attract a
higher bid than the 27 dlrs per share offered by Waste
Management Inc <WNX>, Wall Street arbitrageurs said.
Shares of ChemLawn shot up 11-5/8 to 29-3/8 in
over-the-counter- trading with 3.8 mln of the company's 10.1
mln shares changing hands by late afternoon.
... | Commodities and Trade |
CANADA INDUSTRIAL PRICES UP 0.2 PCT IN MONTH
| Canada's industrial product price index
rose 0.2 pct in January after falling 0.2 pct in each of the
two previous months, Statistics Canada said.
The rise was led by price gains for papers, pharmaceuticals
and petroleum and coal products. Price declines were recorded
for meat products, lumber and motor ... | Financial Reports |
OCCIDENTAL UNIT <OXY> LIFTS LOCKOUT
| Iowa Beef Processors Inc is lifting a
lockout at its Dakota City, Nebraska processing plant and plans
to resume operations March 16, United Food and Commercial
Workers Union spokesman Allen Zack said by phone from his
Washington, D.C. headquarters.
Iowa Beef, a susbsidiary of Occidental Petroleum Corp,
... | Financial Reports |
CIRCON CORP <CCON> 4TH QTR
| Shr loss two cts vs profit 10 cts
Net loss 79,000 vs profit 507,000
Revs 10.6 mln vs 2,238,000
12 mths
Shr profit two cts vs profit 23 cts
Net 89,000 vs 1,130,000
Revs 21.4 mln vs 7,766,000
| Corporate News |
BROWN TRANSPORT <BTCU> DECLARES FIRST PAYOUT
| Brown Transport Co Inc said its board
declared an initial quarterly dividend of four cts a share,
payable April 10 to stockholders of record March 31.
| Financial Reports |
WRIGHT SAYS A GAS TAX AN OPTION TO CUT DEFICIT
| House Speaker Jim Wright said a
gasoline tax is one option to finding a way to reduce the
deficit, but told reporters in response to a question he will
not try to dictate a solution to the debt problem.
Wright has made suggestions for raising taxes about 20
billion dlrs as part of a budget plan to reduc... | Market and Economy |
KEY U.S. HOUSE TRADE SUBCOMMITTEE APPROVES BILL TO TOUGHEN U.S. TRADE LAWS
|
KEY U.S. HOUSE TRADE SUBCOMMITTEE APPROVES BILL TO TOUGHEN U.S. TRADE LAWS
| Financial Reports |
<SUMMIT PETROLEUM CORP> SELLS SHARES
| Summit Petroleum Corp said it
sold 11.3 mln shares, or 29.4 pct, of its common stock to
<Halbert and Associates Inc>.
The company said the shares were previously held by
<Consolidated Energy Corp> and Harken Oil and Gas Inc <HOGI>.
In addition, David D. Halbert, president and chief
execut... | Corporate News |
JAPANESE CRUSHERS BUY CANADIAN RAPESEED
| Japanese crushers bought 8,000 tonnes
of Canadian rapeseed in export business overnight for April
shipment, trade sources said.
| Financial Reports |
NO CLEAR EVIDENCE TRADE GAP REVERSED - VOLCKER
| Federal Reserve Board Chairman Paul
Volcker said current data does not give a clear sign that the
deterioration in the U.S. trade balance has yet been reversed.
"The data we have in hand do not provide clearcut evidence
that the deterioration in the trade balance has yet been
reversed," Volcker said in ... | Corporate News |
IOWA BEEF LIFTS LOCKOUT AT DAKOTA CITY
| Iowa Beef Processors Inc is lifting a
lockout at its Dakota City, Nebraska, processing plant and
plans to resume operations March 16, United Food and Commercial
Workers (UFCW) Union spokesman Allen Zack said.
Iowa Beef mailed a letter to members of UFCW Local 222
informing them a lockout imposed by the ... | Financial Reports |
N.Y. BUSINESS LOANS FALL 718 MLN DLRS IN MARCH 4 WEEK, FED SAYS
|
N.Y. BUSINESS LOANS FALL 718 MLN DLRS IN MARCH 4 WEEK, FED SAYS
| Financial Reports |
NEW YORK BANK DISCOUNT WINDOW BORROWINGS NIL IN MARCH 11 WEEK
|
NEW YORK BANK DISCOUNT WINDOW BORROWINGS NIL IN MARCH 11 WEEK
| Corporate News |
TONY LOMA CO INC <TLAM> 4TH QTR
| Shr profit nil vs loss 61 cts
Net profit 3,000 vs loss 1,148,000
Revs 18.4 mln vs 17.8 mln
Year
Shr loss 94 cts vs loss 28 cts
Net loss 1,762,000 vs loss 524,000
Revs 58.5 mln vs 67.3 mln
NOTE: 1986 net includes extraordinary gain of 569,000 dlrs
or 30 cts per share.
| Financial Reports |
ALLIED-LYONS SEES NO CHANGE IN HIRAM WALKER STAKE
| Allied-Lyons PLC <ALLD.L> and Canada's
Reichmann brothers are working well together as partners and
currently do not plan any change in their joint ownership of
distiller Hiram Walker-Gooderham and Worts, Allied-Lyons
chairman Derrick Holden-Brown said.
Allied-Lyons got 51 pct control of Hiram Walker... | Corporate News |
NEW YORK BUSINESS LOANS FALL 718 MLN DLRS
| Commercial and industrial loans on the
books of the 10 major New York banks, excluding acceptances,
fell 718 mln dlrs to 64.87 billion in the week ended March 4,
the Federal Reserve Bank of New York said.
Including acceptances, loans fell 581 mln dlrs to 65.63
billion.
Commercial paper outstanding... | Financial Reports |
EATON VANCE CORP <EAVN> 1ST QTR JAN 31 NET
| Shr 53 cts vs 34 cts
Net 2,253,742 vs 1,332,652
Avg shrs 4,251,553 vs 3,932,064
| Commodities and Trade |
ADAMS EXPRESS CO <ADX> SETS REGULAR PAYOUT
| Div 12 cts vs 12 cts
Pay April 20
Record April 8
NOTE: company pays dividend of 12 cts three times annually
with a bulk payment at the end of the fiscal year to equal
annual dividend of 50 cts.
| Corporate News |
CARGILL OFFICIAL DEFENDS CERTIFICATE PROGRAMS
| The use of generic in-kind commodity
certificates has helped ease storage problems and is a
necessary part of export promotion programs, a senior executive
for the world's largest grain company said.
Testifying before the House Agriculture subcommittee on
wheat, soybeans and feedgrains, Robbin Johnson, ... | Financial Reports |
HOUSE SPEAKER BACKS OIL IMPORT FORECAST PLAN
| House Speaker Jim Wright endorsed a
proposal to require the president to take action to reduce oil
imports if they threaten to top 50 pct of U.S. consumption.
Wright told reporters the plan by Sen. Lloyd Bentsen, a
fellow Texas Democrat, was positive and useful. Oil imports
peaked in 1977 at 47 pct, wer... | Market and Economy |
U.S. BANK DISCOUNT BORROWINGS AVERAGE 148 MLN DLRS A DAY IN MARCH 11 WEEK, FED SAYS
|
U.S. BANK DISCOUNT BORROWINGS AVERAGE 148 MLN DLRS A DAY IN MARCH 11 WEEK, FED SAYS
| Industrial and Sector News |
U.S. BANK NET FREE RESERVES 660 MLN DLRS IN TWO WEEKS TO MARCH 11, FED SAYS
|
U.S. BANK NET FREE RESERVES 660 MLN DLRS IN TWO WEEKS TO MARCH 11, FED SAYS
| Commodities and Trade |
U.S. M1 FALLS 600 MLN DLRS IN MARCH 2 WEEK, FEB M2 DOWN 1.6 BILLION, M3 UP 3.0 BILLION
|
U.S. M1 FALLS 600 MLN DLRS IN MARCH 2 WEEK, FEB M2 DOWN 1.6 BILLION, M3 UP 3.0 BILLION
| Corporate News |
PRINCEVILLE <PVDC> TO SELL ITS AIR OPERATION
| Princeville Development Corp and
<Aloha Inc>, parent of Aloha Airlines Inc, jointly said they
agreed to terms for the sale of Princeville Airways Inc to
Aloha. Terms of the agreement were not disclosed.
Under the proposed sale, the companies said Aloha would
acquire the entire Princeville Airways com... | Financial Reports |
NEW HAMPSHIRE SAVINGS <NHSB> TO BUY BANK
| New Hampshire Savings Bank Corp
said it agreed to buy <Seashore Bankshares Inc> in an exchange
of stock.
According to the terms of the deal, it said Seashore's
61,000 shares will be exchanged for 9.8 mln dlrs of New
Hampshire Savings stock.
It said Seashore Bankshares has assets of about 46 mln... | Financial Reports |
FCOJ MOVEMENT 3,915,370 GALLONS LAST WEEK
| Florida Citrus Processors
Association said frozen concentrate orange juice movement into
trade channels in the week ended March 7 totalled 3,915,370
gallons versus 3,956,126 gallons in the week ended February 28
and 4,284,693 gallons in the corresponding year-ago period.
There were 3,814,891 gallons of ... | Commodities and Trade |
U.S. M-1 MONEY SUPPLY FALLS 600 MLN DLRS
| U.S. M-1 money supply fell 600 mln
dlrs to a seasonally adjusted 738.0 billion dlrs in the March 2
week, the Federal Reserve said.
The previous week's M-1 level was revised to 738.6 billion
dlrs from 738.5 billion, while the four-week moving average of
M-1 rose to 737.1 billion dlrs from 736.8 billion.
... | Commodities and Trade |
BOLIVIA TO OFFER TO BUY BACK BANK DEBT
| Bolivia is to make a formal offer during
the next few months to buy back its 900 mln dlrs debt from
commercial banks at a discount of up to 90 pct, central bank
president Jier Nogales said.
Nogales told Reuters in an interview the steering
committee of Bolivia's creditor banks had agreed to consider
... | Financial Reports |
U.S. MARKET LOAN NOT THAT ATTRACTIVE-BOSCHWITZ
| A marketing loan for U.S. wheat,
feedgrains and soybeans would do nothing to help the surplus
production situation and would be extremely costly, Sen. Rudy
Boschwitz (R-Minn.) said.
"I think I would not support a marketing loan now," he told
the House agriculture subcommittee on wheat, soybeans and
fe... | Other |
GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS
|
GELCO CORP 2ND QTR SHR 67 CTS VS 23 CTS
| Financial Reports |
AMVESTORS FINANCIAL <AVFC> SETS STOCK DIVIDEND
| AmVestors Financial Corp said it
declared a 25 pct stock dividend payable June 19 to holders of
record June one, subject to an increase in authorized shares.
It said shareholders will vote at the April 23 annual
meeting to increase authorized shares to 25 mln from 10 mln.
The company also said it pl... | Financial Reports |
U.S. HOUSE PANEL APPROVES TRADE BILL
| The House Ways and Means Trade
Subcommittee unanimously approved a toned-down version of
legislation designed to toughen U.S. trade laws and wedge open
foreign markets to more U.S. goods.
The measure now goes to the full House Ways and Means
Committee next week, but major changes are not expected,
co... | Financial Reports |
STANDARD LOGIC INC <STDL> 1ST QTR LOSS
| Qtr ends Jan 30
Oper shr loss 45 cts vs profit 44 cts
Oper Net loss 225,815 vs profit 219,593
Revs 175,247 vs 827,748
NOTE: oper net 1987 excludes loss from discontinued
operations of 125,047 vs loss 34,055 for prior qtr.
excludes tax carryforward 150,000 for prior qtr.
| Financial Reports |
INFLATION STILL A CONCERN, VOLCKER SAYS
| Federal Reserve Board Chairman Paul
Volcker said both the Fed and the financial markets remain
concerned about the possibility of renewed inflation.
"A possibility of renewed inflation remains of concern,
both in the markets and within the Federal Reserve," he said in
remarks prepared for delivery to a ... | Financial Reports |
UNOCAL RAISES MOST CRUDE PRICES 50 CTS, TODAY, WTI AT 17.50 DLRS
|
UNOCAL RAISES MOST CRUDE PRICES 50 CTS, TODAY, WTI AT 17.50 DLRS
| Market and Economy |
STROBER ORGANIZATION INC <STRB> 4TH QTR NET
| Shr 22 cts vs 17 cts
Net 1,232,000 vs 834,000
Sales 24.1 mln vs 20.9 mln
Avg shrs 5,609,000 vs five mln
Year
Shr 97 cts vs 69 cts
Net 4,985,000 vs 3,426,000
Sales 92.4 mln vs 77.9 mln
Avg shrs 5,153,000 vs five mln
| Commodities and Trade |
SHAWMUT CORP <SHAS> SETS REGULARY DIVIDEND
| Qtly div 51 cts vs 51 cts prior
Pay April one
Record March 23
| Commodities and Trade |
ANGLO AMERICAN <AIVJ.J> YEAR TO DEC 31
| Shr 516 cts vs 347
Final div 135 vs 125 making 190 vs 180
Pre-tax 133 mln rand vs 137 mln
Net 260 mln vs 172 mln
Tax 76 mln vs 42 mln
Att to outside shareholders 96 mln vs 53 mln
Pref div 1 mln vs same
Turnover 3.14 billion vs 2.56 billion
Div pay May 8, register March ... | Market and Economy |
LIVE CATTLE RALLY AS LOCKOUT AT MEAT PLANT ENDS
| Live cattle futures posted a robust
rally today after a major beef packing company said it would
end a lockout at its slaughtering plant in Dakota City, Neb.
April delivery cattle on the Chicago Mercantile Exchange
closed at 64.45 cents a pound, up 0.83 cent, as the market
expected demand for live anima... | Other |
PERMIAN BASIN <PBT> PROVEN RESERVES FALL
| Permian Basin Royalty Trust
said that as of December 31, 1986, its estimated proved
reserves totaled 18.5 mln barrels of oil and 52.9 mln MCF, or
thousand cubic feet, of gas.
This compares with yearend 1985 proved reserves estimates
of 26.4 mln barrels of oil and 78.6 mln MCF of gas, Permian
said.
... | Industrial and Sector News |
VENEZUELAN PRESIDENT DEFENDS REFINANCING ACCORD
| president jaime lusinchi defended the
20.3 billion dlr debt rescheduling accord his government
recently signed, saying it will open new credit flows and bring
needed foreign investment to venezuela.
In his annual state of the nation speech, lusinchi also
said venezuela supports other latin american debt... | Market and Economy |
ANGLO AMERICAN <AIVJ.J> YEAR TO DEC 31
| Shr 516 cts vs 347
Final div 135 vs 125 making 190 vs 180
Pre-tax 133 mln rand vs 137 mln
Net 260 mln vs 172 mln
Tax 76 mln vs 42 mln
Att to outside shareholders 96 mln vs 53 mln
Pref div 1 mln vs same
Turnover 3.14 billion vs 2.56 billion
Div pay May 8, register March ... | Corporate News |
UNOCAL <UCL> RAISES CRUDE OIL POSTINGS
| Unocal Corp said it raised the
contract price it will pay for most grades of crude oil 50 cts
a barrel, effective today.
The increase brings Unocal's posted price for the U.S.
benchmark grade West Texas Intermediate to 17.50 dlrs a barrel.
It also brought the price for West Texas Sour to 17.50 dlrs a
... | Corporate News |
MEATPACKERS RESPOND TO OCCIDENTAL<OXY> OFFER
| Local 222 of the United Food and
Commercial Workers Union said it is calling a membership
meeting, possibly Sunday, to discuss its response to a decision
by Iowa Beef Processors Inc to lift a lockout at its Dakota
City, Nebraska plant and resume operations.
The UFCWU will consider all options available ... | Financial Reports |
CITGO RAISES CRUDE POSTINGS 50 CTS, TODAY, WTI TO 17.50 DLRS/BBL
|
CITGO RAISES CRUDE POSTINGS 50 CTS, TODAY, WTI TO 17.50 DLRS/BBL
| Other |
COURT LIFTS RESTRAINING ORDER ON MARK IV <IV>
| Baird Corp <BATM> said the
Massachusetts State Court for Suffolk County has lifted a
temporary restraining order prohibiting Mark IV Industries Inc
from further purchases of Baird stock.
According to filings with the Securities and Exchange
Commission, Mark IV owns at least 17.6 pct of Baird's stoc... | Financial Reports |
CJI INDUSTIRES INC <CJIIA> 4TH QTR NET
| Oper shr profit 60 cts vs loss 55 cts
Oper net profit 928,000 vs loss 88,000
Revs 48.7 mln vs 39.7 mln
Avg shrs 3.7 mln vs 1.5 mln
Year
Oper shr loss 1.17 dlrs vs loss 60 cts
Oper net profit 2,537,000 vs profit 587,000
Revs 178.8 mln vs 117.6 mln
NOTE: Per share figures... | Commodities and Trade |
COUNSEL CORP SETS THREE-FOR-TWO STOCK SPLIT
| <Counsel Corp> said it plans a
three-for-two stock split, pending shareholder approval at the
April 28 annual meeting.
The company said it recently reported 1986 profit of 5.9
mln dlrs, or 1.51 dlrs a share, before extraordinary items,
compared with 2.2 mln dlrs, or 81 cts, in 1985.
| Corporate News |
SOUTHLAND <SLC> UNIT RAISES CRUDE POSTINGS
| Southland Corp's Citgo Petroleum Corp
said it raised the contract price it will pay for crude oil 50
cts a barrel, effective today.
The increase bring's Citgo's posted price for the West
Texas Intermediate and West Texas Sour grades to 17.50 dlrs a
barrel. The Light Louisiana Sweet South Onshore grade w... | Other |
CANNON <CAN> AUDIT TO SHOW SIGNIFICANT 1986 LOSS
| The Cannon Group Inc said its
financial statements will show substantial losses for fiscal
1986 and "significant downward adjustments in previously
reported stockholders' equity."
The company also said its 1986 audit being conducted by
<Arthur Young and Co> will cover the year ended January 3,
1987... | Market and Economy |
EAGER TECHNOLOGY ACQUIRES NUCLAD
| <Eager Technology Inc> said it signed a
letter of intent to acquire Nuclad Inc, a private Colorado
corporation, and its subsidiaries.
Terms of the acquisition were not disclosed.
| Market and Economy |
SHELL CANADA CUTS CRUDE OIL PRICES BY UP TO 1.27 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
|
SHELL CANADA CUTS CRUDE OIL PRICES BY UP TO 1.27 CANADIAN DLRS/BBL EFFECTIVE MARCH ONE
| Other |
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