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5,544
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:01:01.79
BAHIA COCOA REVIEW
SALVADOR, Feb 26 -
Showers continued throughout the week in the Bahia cocoa zone, alleviating the drought since early January and improving prospects for the coming temporao, although normal humidity levels have not been restored, Comissaria Smith said in its weekly review. The dry period means the temporao will be late this year. Arrivals for the week ended February 22 were 155,221 bags of 60 kilos making a cumulative total for the season of 5.93 mln against 5.81 at the same stage last year. Again it seems that cocoa delivered earlier on consignment was included in the arrivals figures. Comissaria Smith said there is still some doubt as to how much old crop cocoa is still available as harvesting has practically come to an end. With total Bahia crop estimates around 6.4 mln bags and sales standing at almost 6.2 mln there are a few hundred thousand bags still in the hands of farmers, middlemen, exporters and processors. There are doubts as to how much of this cocoa would be fit for export as shippers are now experiencing dificulties in obtaining +Bahia superior+ certificates. In view of the lower quality over recent weeks farmers have sold a good part of their cocoa held on consignment. Comissaria Smith said spot bean prices rose to 340 to 350 cruzados per arroba of 15 kilos. Bean shippers were reluctant to offer nearby shipment and only limited sales were booked for March shipment at 1,750 to 1,780 dlrs per tonne to ports to be named. New crop sales were also light and all to open ports with June/July going at 1,850 and 1,880 dlrs and at 35 and 45 dlrs under New York july, Aug/Sept at 1,870, 1,875 and 1,880 dlrs per tonne FOB. Routine sales of butter were made. March/April sold at 4,340, 4,345 and 4,350 dlrs. April/May butter went at 2.27 times New York May, June/July at 4,400 and 4,415 dlrs, Aug/Sept at 4,351 to 4,450 dlrs and at 2.27 and 2.28 times New York Sept and Oct/Dec at 4,480 dlrs and 2.27 times New York Dec, Comissaria Smith said. Destinations were the U.S., Covertible currency areas, Uruguay and open ports. Cake sales were registered at 785 to 995 dlrs for March/April, 785 dlrs for May, 753 dlrs for Aug and 0.39 times New York Dec for Oct/Dec. Buyers were the U.S., Argentina, Uruguay and convertible currency areas. Liquor sales were limited with March/April selling at 2,325 and 2,380 dlrs, June/July at 2,375 dlrs and at 1.25 times New York July, Aug/Sept at 2,400 dlrs and at 1.25 times New York Sept and Oct/Dec at 1.25 times New York Dec, Comissaria Smith said. Total Bahia sales are currently estimated at 6.13 mln bags against the 1986/87 crop and 1.06 mln bags against the 1987/88 crop. Final figures for the period to February 28 are expected to be published by the Brazilian Cocoa Trade Commission after carnival which ends midday on February 27. Reuter
[ 13 ]
[ 51, 161, 159 ]
[]
[]
[]
5
5,548
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:10:44.60
NATIONAL AVERAGE PRICES FOR FARMER-OWNED RESERVE
WASHINGTON, Feb 26 -
The U.S. Agriculture Department reported the farmer-owned reserve national five-day average price through February 25 as follows (Dlrs/Bu-Sorghum Cwt) - Natl Loan Release Call Avge Rate-X Level Price Price Wheat 2.55 2.40 IV 4.65 -- V 4.65 -- VI 4.45 -- Corn 1.35 1.92 IV 3.15 3.15 V 3.25 -- X - 1986 Rates. Natl Loan Release Call Avge Rate-X Level Price Price Oats 1.24 0.99 V 1.65 -- Barley n.a. 1.56 IV 2.55 2.55 V 2.65 -- Sorghum 2.34 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). n.a.-not available. Reuter
[ 45, 130, 19, 4, 80, 113 ]
[ 161 ]
[]
[]
[]
6
5,549
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:14:36.41
ARGENTINE 1986/87 GRAIN/OILSEED REGISTRATIONS
BUENOS AIRES, Feb 26 -
Argentine grain board figures show crop registrations of grains, oilseeds and their products to February 11, in thousands of tonnes, showing those for futurE shipments month, 1986/87 total and 1985/86 total to February 12, 1986, in brackets: Bread wheat prev 1,655.8, Feb 872.0, March 164.6, total 2,692.4 (4,161.0). Maize Mar 48.0, total 48.0 (nil). Sorghum nil (nil) Oilseed export registrations were: Sunflowerseed total 15.0 (7.9) Soybean May 20.0, total 20.0 (nil) The board also detailed export registrations for subproducts, as follows, SUBPRODUCTS Wheat prev 39.9, Feb 48.7, March 13.2, Apr 10.0, total 111.8 (82.7) . Linseed prev 34.8, Feb 32.9, Mar 6.8, Apr 6.3, total 80.8 (87.4). Soybean prev 100.9, Feb 45.1, MAr nil, Apr nil, May 20.0, total 166.1 (218.5). Sunflowerseed prev 48.6, Feb 61.5, Mar 25.1, Apr 14.5, total 149.8 (145.3). Vegetable oil registrations were : Sunoil prev 37.4, Feb 107.3, Mar 24.5, Apr 3.2, May nil, Jun 10.0, total 182.4 (117.6). Linoil prev 15.9, Feb 23.6, Mar 20.4, Apr 2.0, total 61.8, (76.1). Soybean oil prev 3.7, Feb 21.1, Mar nil, Apr 2.0, May 9.0, Jun 13.0, Jul 7.0, total 55.8 (33.7). REUTER
[ 129, 66, 65, 115, 121, 116, 81, 19, 122, 45, 113, 130 ]
[ 8 ]
[]
[]
[]
8
5,551
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:15:40.12
USX <X> DEBT DOWGRADED BY MOODY'S
NEW YORK, Feb 26 -
Moody's Investors Service Inc said it lowered the debt and preferred stock ratings of USX Corp and its units. About seven billion dlrs of securities is affected. Moody's said Marathon Oil Co's recent establishment of up to one billion dlrs in production payment facilities on its prolific Yates Field has significant negative implications for USX's unsecured creditors. The company appears to have positioned its steel segment for a return to profit by late 1987, Moody's added. Ratings lowered include those on USX's senior debt to BA-1 from BAA-3. Reuter
[]
[ 161 ]
[]
[]
[]
9
5,552
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:17:11.20
CHAMPION PRODUCTS <CH> APPROVES STOCK SPLIT
ROCHESTER, N.Y., Feb 26 -
Champion Products Inc said its board of directors approved a two-for-one stock split of its common shares for shareholders of record as of April 1, 1987. The company also said its board voted to recommend to shareholders at the annual meeting April 23 an increase in the authorized capital stock from five mln to 25 mln shares. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
10
5,553
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:18:06.67
COMPUTER TERMINAL SYSTEMS <CPML> COMPLETES SALE
COMMACK, N.Y., Feb 26 -
Computer Terminal Systems Inc said it has completed the sale of 200,000 shares of its common stock, and warrants to acquire an additional one mln shares, to <Sedio N.V.> of Lugano, Switzerland for 50,000 dlrs. The company said the warrants are exercisable for five years at a purchase price of .125 dlrs per share. Computer Terminal said Sedio also has the right to buy additional shares and increase its total holdings up to 40 pct of the Computer Terminal's outstanding common stock under certain circumstances involving change of control at the company. The company said if the conditions occur the warrants would be exercisable at a price equal to 75 pct of its common stock's market price at the time, not to exceed 1.50 dlrs per share. Computer Terminal also said it sold the technolgy rights to its Dot Matrix impact technology, including any future improvements, to <Woodco Inc> of Houston, Tex. for 200,000 dlrs. But, it said it would continue to be the exclusive worldwide licensee of the technology for Woodco. The company said the moves were part of its reorganization plan and would help pay current operation costs and ensure product delivery. Computer Terminal makes computer generated labels, forms, tags and ticket printers and terminals. Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
11
5,554
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:18:59.34
COBANCO INC <CBCO> YEAR NET
SANTA CRUZ, Calif., Feb 26 -
Shr 34 cts vs 1.19 dlrs Net 807,000 vs 2,858,000 Assets 510.2 mln vs 479.7 mln Deposits 472.3 mln vs 440.3 mln Loans 299.2 mln vs 327.2 mln Note: 4th qtr not available. Year includes 1985 extraordinary gain from tax carry forward of 132,000 dlrs, or five cts per shr. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
12
5,555
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:19:15.45
OHIO MATTRESS <OMT> MAY HAVE LOWER 1ST QTR NET
CLEVELAND, Feb 26 -
Ohio Mattress Co said its first quarter, ending February 28, profits may be below the 2.4 mln dlrs, or 15 cts a share, earned in the first quarter of fiscal 1986. The company said any decline would be due to expenses related to the acquisitions in the middle of the current quarter of seven licensees of Sealy Inc, as well as 82 pct of the outstanding capital stock of Sealy. Because of these acquisitions, it said, first quarter sales will be substantially higher than last year's 67.1 mln dlrs. Noting that it typically reports first quarter results in late march, said the report is likely to be issued in early April this year. It said the delay is due to administrative considerations, including conducting appraisals, in connection with the acquisitions. Reuter
[ 35, 0 ]
[ 161 ]
[]
[]
[]
13
5,556
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:20:13.09
AM INTERNATIONAL INC <AM> 2ND QTR JAN 31
CHICAGO, Feb 26 -
Oper shr loss two cts vs profit seven cts Oper shr profit 442,000 vs profit 2,986,000 Revs 291.8 mln vs 151.1 mln Avg shrs 51.7 mln vs 43.4 mln Six mths Oper shr profit nil vs profit 12 cts Oper net profit 3,376,000 vs profit 5,086,000 Revs 569.3 mln vs 298.5 mln Avg shrs 51.6 mln vs 41.1 mln NOTE: Per shr calculated after payment of preferred dividends. Results exclude credits of 2,227,000 or four cts and 4,841,000 or nine cts for 1986 qtr and six mths vs 2,285,000 or six cts and 4,104,000 or 11 cts for prior periods from operating loss carryforwards. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
14
5,557
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:20:27.17
BROWN-FORMAN INC <BFD> 4TH QTR NET
LOUISVILLE, Ky., Feb 26 -
Shr one dlr vs 73 cts Net 12.6 mln vs 15.8 mln Revs 337.3 mln vs 315.2 mln Nine mths Shr 3.07 dlrs vs 3.08 dlrs Net 66 mln vs 66.2 mln Revs 1.59 billion vs 997.1 mln Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
18
5,561
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:26:26.78
DEAN FOODS <DF> SEES STRONG 4TH QTR EARNINGS
CHICAGO, Feb 26 -
Dean Foods Co expects earnings for the fourth quarter ending May 30 to exceed those of the same year-ago period, Chairman Kenneth Douglas told analysts. In the fiscal 1986 fourth quarter the food processor reported earnings of 40 cts a share. Douglas also said the year's sales should exceed 1.4 billion dlrs, up from 1.27 billion dlrs the prior year. He repeated an earlier projection that third-quarter earnings "will probably be off slightly" from last year's 40 cts a share, falling in the range of 34 cts to 36 cts a share. Douglas said it was too early to project whether the anticipated fourth quarter performance would be "enough for us to exceed the prior year's overall earnings" of 1.53 dlrs a share. In 1988, Douglas said Dean should experience "a 20 pct improvement in our bottom line from effects of the tax reform act alone." President Howard Dean said in fiscal 1988 the company will derive benefits of various dairy and frozen vegetable acquisitions from Ryan Milk to the Larsen Co. Dean also said the company will benefit from its acquisition in late December of Elgin Blenders Inc, West Chicago. He said the company is a major shareholder of E.B.I. Foods Ltd, a United Kingdom blender, and has licensing arrangements in Australia, Canada, Brazil and Japan. "It provides ann entry to McDonalds Corp <MCD> we've been after for years," Douglas told analysts. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
19
5,562
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:26:54.12
BONUS WHEAT FLOUR FOR NORTH YEMEN -- USDA
WASHINGTON, Feb 26 -
The Commodity Credit Corporation, CCC, has accepted an export bonus offer to cover the sale of 37,000 long tons of wheat flour to North Yemen, the U.S. Agriculture Department said. The wheat four is for shipment March-May and the bonus awarded was 119.05 dlrs per tonnes and will be paid in the form of commodities from the CCC inventory. The bonus was awarded to the Pillsbury Company. The wheat flour purchases complete the Export Enhancement Program initiative announced in April, 1986, it said. Reuter
[ 130, 45 ]
[ 169, 161 ]
[]
[]
[]
21
5,564
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:33:23.61
HUGHES CAPITAL UNIT SIGNS PACT WITH BEAR STEARNS
FORT LAUDERDALE, Fla., Feb 26 -
Hughes/Conserdyne Corp, a unit of <Hughes Capital Corp> said it made Bear Stearns and Co Inc <BSC> its exclusive investment banker to develop and market financing for the design and installation of its micro-utility systems for municipalities. The company said these systems are self-contained electrical generating facilities using alternate power sources, such as photovoltaic cells, to replace public utility power sources. Reuter
[]
[ 161 ]
[]
[]
[]
22
5,565
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:34:07.03
MAGMA LOWERS COPPER 0.75 CENT TO 66 CTS
NEW YORK, Feb 26 -
Magma Copper Co, a subsidiary of Newmont Mining Corp, said it is cutting its copper cathode price by 0.75 cent to 66 cents a lb, effective immediately. Reuter
[ 17 ]
[ 161 ]
[]
[]
[]
23
5,566
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:34:16.30
BROWN-FORMAN <BFDB> SETS STOCK SPLIT, UPS PAYOUT
LOUISVILLE, Ky., Feb 26 -
Brown-Forman Inc said its board has approved a three-for-two stock split and a 35 pct increase in the company cash dividend. The company cited its improved earnings outlook and continued strong cash flow as reasons for raising the dividend. Brown-Forman said the split of its Class A and Class B common shares would be effective March 13. The company said directors declared a quarterly cash dividend on each new share of both classes of 28 cts, payable April one to holders of record March 20. Prior to the split, the company had paid 31 cts quarterly. Brown-Forman today reported a 37 pct increase in third quarter profits to 21.6 mln dlrs, or 1.00 dlr a share, on a seven pct increase in sales to a record 337 mln dlrs. Brown-Forman said nine month profits declined a bit to 66.0 mln dlrs, or 3.07 dlrs a share, from 66.2 mln dlrs, or 3.08 dlrs a share, a year earlier due to a second quarter charge of 37 cts a share for restructuring its beverage operations. The company said lower corporate tax rates and the restructuring "are expected to substantially improve Brown-Forman's earnings and cash flow in fiscal 1988." Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
24
5,567
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:35:16.67
ESQUIRE RADIO AND ELECTRONICS INC <EE> 4TH QTR
NEW YORK, Feb 26 -
Shr profit 15 cts vs profit four cts Annual div 72 cts vs 72 cts prior yr Net profit 72,000 vs profit 16,000 Revs 7,075,000 vs 2,330,000 12 mths Shr profit 42 cts vs loss 11 cts Net profit 203,000 vs loss 55,000 Revs 16.1 mln vs 3,971,000 NOTE: annual dividend payable April 10, 1987, to stockholders of record on March 27, 1987. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
26
5,569
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:36:44.78
BANKERS REPORT BREAKTHROUGH ON VENEZUELAN DEBT
NEW YORK, Feb 26 -
Venezuela and its bank advisory committee have agreed in principle on revisions to the terms of a 21 billion dlr debt-rescheduling package signed last February, bankers said. They declined to disclose details because two or three representatives on the panel have still to obtain the approval of their senior management for the new terms. The committee was meeting in New York this afternoon and could put its final stamp of approval of the deal later today, the bankers said. "A number of details have still to be finalized, but the broad details of the new amortization schedules and interest rates are in place," one senior banker said. The interest rate on the rescheduling was originally set at 1-1/8 pct over Eurodollar rates, but Venezuela requested easier terms because of a 40 pct drop in oil income last year. It also asked for a reduction in the repayments it was due to make in 1987, 1988 and 1989 - after an earlier request that it make no amortizations at all in those years was rebuffed - and sought a commitment from the banks to finance new investment in Venezuela. The breakthrough in the Venezuelan talks, which have been going on intermittently for several months, follows the announcement earlier today of a 10.6 billion dlr debt rescheduling pact between Chile and its bank advisory panel. And last night Citibank said Mexico's financing package, including a 7.7 billion dlr loan, will be signed on March 20. While the sudden progress is to some extent coincidental, bankers acknowledge a desire to chalk up some quick successes after the shock of Brazil's unilateral interest suspension last Friday. By striking swift deals, banks hope to reduce the incentive for other debtors to emulate Brazil. Reuter
[]
[ 161, 23, 165 ]
[]
[]
[]
27
5,570
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:36:53.42
UNITED PRESIDENTIAL CORP <UPCO> 4TH QTR NET
KOKOMO, Ind., Feb 26 -
Shr 39 cts vs 50 cts Net 1,545,160 vs 2,188,933 Revs 25.2 mln vs 19.5 mln Year Shr 1.53 dlrs vs 1.21 dlrs Net 6,635,318 vs 5,050,044 Revs 92.2 mln vs 77.4 mln NOTE: Results include adjustment of 848,600 dlrs or 20 cts shr for 1986 year and both 1985 periods from improvement in results of its universal life business than first estimated. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
29
5,572
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:39:41.92
JANUARY HOUSING SALES DROP, REALTY GROUP SAYS
WASHINGTON, Feb 26 -
Sales of previously owned homes dropped 14.5 pct in January to a seasonally adjusted annual rate of 3.47 mln units, the National Association of Realtors (NAR) said. But the December rate of 4.06 mln units had been the highest since the record 4.15 mln unit sales rate set in November 1978, the group said. "The drop in January is not surprising considering that a significant portion of December's near-record pace was made up of sellers seeking to get favorable capital gains treatment under the old tax laws," said the NAR's John Tuccillo. Reuter
[ 52 ]
[ 161 ]
[]
[]
[]
30
5,573
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:41:56.54
ASSETS OF MONEY MARKET MUTUAL FUNDS ROSE 720.4 MLN DLRS IN LATEST WEEK
[ 74 ]
[]
[]
[]
[]
35
5,578
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:45:26.55
FIRST UNION <FUNC> FILES 100 MLN DLR NOTES ISSUE
NEW YORK, Feb 26 -
First Union Corp said it has filed with the Securities and Exchange Commission for a proposed offering of 100 mln dlrs of fixed rate subordinated notes due 1997. The notes will be sold nationwide through underwriters managed by Shearson Lehman Brothers Inc. Reuter
[]
[ 161 ]
[]
[]
[]
36
5,579
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:45:35.37
OWENS AND MINOR INC <OBOD> RAISES QTLY DIVIDEND
RICHMOND, Va. Feb 26 -
Qtly div eights cts vs 7.5 cts prior Pay March 31 Record March 13 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
37
5,580
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:45:39.20
COMPUTER LANGUAGE RESEARCH IN <CLRI> 4TH QTR
CARROLLTON, Texas, Feb 26 -
Shr loss 22 cts vs loss 18 cts Net loss 3,035,000 vs loss 2,516,000 Revs 20.9 mln vs 19.6 mln Qtly div three cts vs three cts prior Year Shr profit two cts vs profit 34 cts Net profit 215,000 vs profit 4,647,000 Revs 93.4 mln vs 98.7 mln NOTE: Dividend payable April one to shareholders of record March 17. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
38
5,581
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:45:47.29
<CINRAM LTD> 4TH QTR NET
Scarborough, Ontario, Feb 26 -
Shr 45 cts vs 58 cts Net 1.1 mln vs 829,000 Sales 7.9 mln vs 9.4 mln Avg shrs 2,332,397 vs 1,428,000 Year Shr 1.22 dlrs vs 1.06 dlrs Net 2.9 mln vs 1.5 mln Sales 25.7 mln vs 22.2 mln Avg shrs 2,332,397 vs 1,428,000 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
40
5,583
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:47:16.17
STANDARD TRUSTCO SEES BETTER YEAR
Toronto, Feb 26 -
Standard Trustco said it expects earnings in 1987 to increase at least 15 to 20 pct from the 9,140,000 dlrs, or 2.52 dlrs per share, recorded in 1986. "Stable interest rates and a growing economy are expected to provide favorable conditions for further growth in 1987," president Brian O'Malley told shareholders at the annual meeting. Standard Trustco previously reported assets of 1.28 billion dlrs in 1986, up from 1.10 billion dlrs in 1985. Return on common shareholders' equity was 18.6 pct last year, up from 15 pct in 1985. Reuter
[ 35 ]
[ 31 ]
[]
[]
[]
41
5,584
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:48:26.92
HANDY AND HARMAN <HNH> 4TH QTR LOSS
NEW YORK, Feb 26 -
Shr loss 51 cts vs loss three cts Net loss 7,041,000 vs loss 467,000 Rev 138.9 mln vs 131.4 mln 12 months Shr loss 64 cts vs profit 46 cts Net loss 8,843,000 vs profit 6,306,0000 Rev 558.9 mln vs 556.7 mln NOTE: Net loss for 4th qtr 1986 includes charge for restructuring of 2.6 mln dlrs after tax, or 19 cts a share. 1986 net loss includes after tax special charge of 2.7 mln dlrs, or 20 cts a share. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
42
5,585
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:49:27.16
ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL
LONDON, Feb 26 -
International Coffee Organization, ICO, producing countries will present a proposal for reintroducing export quotas for 12 months from April 1 with a firm undertaking to try to negotiate up to September 30 any future quota distribution on a new basis, ICO delegates said. Distribution from April 1 would be on an unchanged basis as in an earlier producer proposal, which includes shortfall redistributions totalling 1.22 mln bags, they said. Resumption of an ICO contact group meeting with consumers, scheduled for this evening, has been postponed until tomorrow, delegates said. Reuter
[ 16 ]
[ 158 ]
[]
[ 29 ]
[]
44
5,587
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:49:56.01
MCLEAN'S <MII> U.S. LINES SETS ASSET TRANSFER
CRANFORD, N.J., Feb 26 -
McLean Industries Inc's United States Lines Inc subsidiary said it has agreed in principle to transfer its South American service by arranging for the transfer of certain charters and assets to <Crowley Mariotime Corp>'s American Transport Lines Inc subsidiary. U.S. Lines said negotiations on the contract are expected to be completed within the next week. Terms and conditions of the contract would be subject to approval of various regulatory bodies, including the U.S. Bankruptcy Court. Reuter
[ 0, 108 ]
[ 161 ]
[]
[]
[]
45
5,588
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:51:17.84
CHEMLAWN <CHEM> RISES ON HOPES FOR HIGHER BIDS
NEW YORK, Feb 26 -
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. "This company could go for 10 times cash flow or 30 dlrs, maybe 32 dollars depending on whether there is a competing bidder," an arbitrageur said. Waste Management's tender offer, announced before the opening today, expires March 25. "This is totally by surprise," said Debra Strohmaier, a ChemLawn spokeswoman. The company's board held a regularly scheduled meeting today and was discussing the Waste Management announcement. She said a statement was expected but it was not certain when it would be ready. She was unable to say if there had been any prior contact between Waste Management and ChemLawn officials. "I think they will resist it," said Elliott Schlang, analyst at Prescott, Ball and Turben Inc. "Any company that doesn't like a surprise attack would." Arbitrageurs pointed out it is difficult to resist tender offers for any and all shares for cash. Schlang said ChemLawn could try to find a white knight if does not want to be acquired by Waste Management. Analyst Rosemarie Morbelli of Ingalls and Snyder said ServiceMaster Companies L.P. <SVM> or Rollins Inc <ROL> were examples of companies that could be interested. ChemLawn, with about two mln customers, is the largest U.S. company involved in application of fertilizers, pesticides and herbicides on lawns. Waste Management is involved in removal of wastes. Schlang said ChemLawn's customer base could be valuable to another company that wants to capitalize on a strong residential and commercial distribution system. Both Schlang and Morbelli noted that high growth rates had catapulted ChemLawn's share price into the mid-30's in 1983 but the stock languished as the rate of growth slowed. Schlang said the company's profits are concentrated in the fourth quarter. In 1986 ChemLawn earned 1.19 dlrs per share for the full year, and 2.58 dlrs in the fourth quarter. Morbelli noted ChemLawn competes with thousands of individual entrepreuers who offer lawn and garden care sevice. Reuter
By Cal Mankowski, Reuters
[ 0 ]
[ 161 ]
[]
[]
[]
46
5,589
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:51:28.42
U.S. SUGAR IMPORTS DOWN IN WEEK - USDA
WASHINGTON, Feb 26 -
Sugar imports subject to the U.S. sugar import quota during the week ended January 9, the initial week of the 1987 sugar quota year, totaled 5,988 short tons versus 46,254 tons the previous week, the Agriculture Department said. The sugar import quota for the 1987 quota year (January-December) has been set at 1,001,430 short tons compared with 1,850,000 tons in the 1986 quota year, which was extended three months to December 31. The department said the Customs Service has reported that weekly and cumulative imports are reported on an actual weight basis and when final polarizations are received, cumulative import data are adjusted accordingly. Reuter
[ 119 ]
[ 161 ]
[]
[]
[]
47
5,590
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:51:51.24
BRAZIL ANTI-INFLATION PLAN LIMPS TO ANNIVERSARY
RIO DE JANEIRO, Feb 26 - Brazil's "Cruzado" anti-
inflation plan, initially hailed at home and abroad as the saviour of the economy, is limping towards its first anniversary amid soaring prices, widespread shortages and a foreign payments crisis. Announced last February 28 the plan froze prices, fixed the value of the new Cruzado currency and ended widespread indexation of the economy in a bid to halt the country's 250 pct inflation rate. But within a year the plan has all but collapsed. "The situation now is worse than it was. Although there was inflation, at least the economy worked," a leading bank economist said. The crumbling of the plan has been accompanied by a dramatic reversal in the foreign trade account. In 1984 and 1985 Brazil's annual trade surpluses had been sufficient to cover the 12 billion dlrs needed to service its 109 billion dlr foreign debt. For the first nine months of 1986 all seemed to be on target for a repeat, with monthly surpluses averaging one billion dlrs. But as exports were diverted and imports increased to avoid further domestic shortages the trade surplus plunged to 211 mln dlrs in October and since then has averaged under 150 mln. Reuter
[ 126 ]
[ 23 ]
[]
[]
[]
48
5,591
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:52:15.10
N.Z. OFFICIAL FOREIGN RESERVES FALL IN JANUARY
WELLINGTON, Feb 27 -
New Zealand's official foreign reserves fell to 7.15 billion N.Z. Dlrs in January from 7.20 billion dlrs in December and compared with 3.03 billion a year ago period, the Reserve Bank said in its weekly statistical bulletin. Reuter
[ 99 ]
[ 114 ]
[]
[]
[]
49
5,592
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:52:25.60
AGENCY REPORTS 39 SHIPS WAITING AT PANAMA CANAL
WASHINGTON, Feb 26 -
The Panama Canal Commission, a U.S. government agency, said in its daily operations report that there was a backlog of 39 ships waiting to enter the canal early today. Over the next two days it expects -- 2/26 2/27 Due: 27 35 Scheduled to Transit: 35 41 End-Day Backlog: 31 25 Average waiting time tomorrow -- Super Tankers Regular Vessels North End: 13 hrs 15 hrs South End: 4 hrs 26 hrs Reuter
[ 108 ]
[ 161, 122 ]
[]
[]
[]
50
5,593
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:52:33.04
AMERICA FIRST MORTGAGE SETS SPECIAL PAYOUT
OMAHA, Neb., Feb 26 -
<America First Federally Guaranteed Mortgage Fund Two> said it is making a special distribution of 71.6 cts per exchangeable unit, which includes 67.62 cts from return on capital and 3.98 cts from income gains. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
53
5,596
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:53:54.56
EMHART CORP <EMH> QTLY DIVIDEND
FARMINGTON, Conn., FEb 26 -
Qtly div 35 cts vs 35 cts prior Payable March 31 Record March nine Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
56
5,599
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:57:48.22
AM INTERNATIONAL <AM> CITES STRONG PROSPECTS
CHICAGO, Feb 26 -
AM International Inc, reporting an operating loss for the January 31 second quarter, said prospects for the balance of the fiscal year remain good. It said orders at its Harris Graphics subsidiary, acquired in June 1986, "continue to run at a strong pace." For the six months, orders rose 35 pct over the corresponding prior-year period, or on an annualized basis are running at about 630 mln dlrs. The backlog at Harris is up 30 pct from the beginning of the fiscal year, AM said. AM International said its old division are expected to benefit from recent new product introductions and the decline in the value of the dollar. "Research, development and engineering expenditures in fiscal 1987 will be in the 45-50 mln dlr range, and the company said it has allocated another 30-40 mln dlrs for capital expenditures. Earlier AM reported a fourth quarter operating loss of two cts a share compared to profits of seven cts a share a year ago. Revenues rose to 291.8 mln dlrs from 151.1 mln dlrs. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
57
5,600
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:58:07.34
CCC CREDITS FOR HONDURAS SWITCHED TO WHITE CORN
WASHINGTON, Feb 26 -
The Commodity Credit Corporation (CCC) announced 1.5 mln dlrs in credit guarantees previously earmarked to cover sales of dry edible beans to Honduras have been switched to cover sales of white corn, the U.S. Agriculture Department said. The department said the action reduces coverage for sales of dry edible beans to 500,000 dlrs and creates the new line of 1.5 mln dlrs for sales of white corn. All sales under the credit guarantee line must be registered and shipped by September 30, 1987, it said. Reuter
[ 45, 19 ]
[ 161, 71 ]
[]
[]
[]
58
5,601
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:58:19.46
ASSETS OF U.S. MONEY FUNDS ROSE IN WEEK
WASHINGTON, Feb 26 -
Assets of money market mutual funds increased 720.4 mln dlrs in the week ended yesterday to 236.90 billion dlrs, the Investment Company Institute said. Assets of 91 institutional funds rose 356 mln dlrs to 66.19 billion dlrs, 198 general purpose funds rose 212.5 mln dlrs to 62.94 billion dlrs and 92 broker-dealer funds rose 151.9 mln dlrs to 107.77 billion dlrs. Reuter
[ 74 ]
[ 161 ]
[]
[]
[]
59
5,602
YES
TRAIN
TRAINING-SET
26-FEB-1987 15:58:47.73
GULF BARGE FREIGHT RATES UP FURTHER ON CALL
ST LOUIS, Feb 26 -
Gulf barge freight rates firmed again on the outlook for steady vessel loadings at the Gulf, increasing the demand for barges to supply those ships, dealers said. No barges traded today on the St Louis Merchants' Exchange call session, versus 29 yesterday. Quotes included - - Delivery this week on the Illinois River (Joliet) 135 pct of tariff bid/140 offered, with next week same river (ex Chicago) quoted the same - both up 2-1/2 percentage points. - Next week Mississippi River (St Louis) 120 pct bid/127-1/2 offered - up five points. - Next week Ohio River (Owensboro/south) 125 pct bid/132-1/2 offered - up 7-1/2 points. - On station Illinois River (south Chicago) 135 pct bid/140 offered - no comparison. - March Illinois (ex Chicago) 132-1/2 pct bid/140 offered - up 2-1/2 points. - March Ohio River bid at yesterday's traded level of 125 pct, offered at 132-1/2. - March lower Mississippi River (Memphis/Cairo) 112-1/2 pct bid/120 offered - no comparison. - May Illinois River (ex Chicago) 100 pct bid/107-1/2 offered - no comparison. - Sept/Nov Lower Mississippi River (Memphis/Cairo) 137-1/2 pct bid/145 offered, with Sept/Dec same section 125 pct bid/135 offered - no comparison. Reuter
[ 108 ]
[ 161 ]
[]
[]
[]
60
5,603
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:03:15.46
ARGENTINA COULD SUSPEND DEBT PAYMENTS - DEPUTY
BUENOS AIRES, Feb 26 -
Argentina could suspend payments on its foreign debt if creditor banks reject a 2.15 billion dlr loan request to meet 1987 growth targets, ruling Radical Party Deputy Raul Baglini told a local radio station. "Argentina does not discard the use of (a moratorium) if the negotiations do not produce a result that guarantees the growth of the country," he added. Baglini, an observer at Argentina's negotiations in New York with the steering committee for its 320 creditors banks, told the Radio del Plata in a telephone interview that the banks were divided on the loan request. Baglini said that as a result, today's scheduled second day of talks had been postponed. He said Argentina was prepared to follow the example of Brazil, which last week declared a moratorium on interest payments of a large portion of its 108 billion dlr foreign debt. Argentina's prime objective in renegotiating the debt was to maintain growth, which has been targeted at four pct in 1987, Baglini said. "Debtor nations should not have to take from their own pockets, that is their commercial balance, to meet interest payments," he added. Reuter
[]
[ 8 ]
[]
[]
[]
63
5,606
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:05:36.23
CANADA'S WILSON SEEKS TEMPORARY BORROWING
OTTAWA, Feb 26 -
Canadian Finance Minister Michael Wilson said he will use temporary authority under the Financial Administration act to borrow an additional 600 mln dlrs in next Thursday's treasury bill auction. In a statement, Wilson said the action would permit the government to proceed with its debt program during a period when there was not sufficient borrowing authority, which is granted by Parliament, to cover the government's needs. Ottawa announced previously it was seeking Parliamentary approval for the additional authority to cover the financing of an increase in the government's foreign reserves. Reuter
[]
[ 31 ]
[ 258 ]
[]
[]
64
5,607
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:06:36.68
GULF APPLIED <GATS> SELLS UNITS, SEES GAIN
HOUSTON, Feb 26 -
Gulf Applied Technologies Inc said it sold its pipeline and terminal operations units for 12.2 mln dlrs and will record a gain of 2.9 mln dlrs in the first quarter. It added that any federal taxes owed on the transaction will be offset by operating loss carryovers. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
65
5,608
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:07:14.07
FARMERS GROUP INC <FGRP> 4TH QTR NET
LOS ANGELES, Feb 26 -
Shr 80 cts vs 72 cts Net 55,513,000 vs 48,741,000 Revs 290.9 mln vs 264.2 mln Year Shr 3.09 dlrs vs 2.72 dlrs Net 213,470,000 vs 184,649,000 Revs 1.12 billion vs 992.9 mln Avg shrs 69,127,000 vs 68,004,000 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
66
5,609
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:07:27.81
POTOMAC ELECTRIC POWER CO <POM> JAN NET
WASHINGTON, Feb 26 -
Shr 27 cts vs 29 cts Net 13,555,000 vs 14,635,000 Revs 104,606,000 vs 110,311,000 Avg shrs 47.2 mln vs 47.1 mln 12 mths Shr 4.10 dlrs vs 3.66 dlrs Net 226,653,000 vs 186,790,000 Revs 1.4 billion vs 1.3 billion Avg shr 47.1 mln vs 47.1 mln NOTE: latest 12 mths net includes gain 46 cts per share for sale of Virginia service territory to Dominion Resources Inc <D>. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
68
5,611
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:08:33.15
<COFAB INC> BUYS GULFEX FOR UNDISCLOSED AMOUNT
HOUSTON, Feb 26 -
CoFAB Inc said it acquired <Gulfex Inc>, a Houston-based fabricator of custom high-pressure process vessels for the energy and petrochemical industries. CoFAB said its group of companies manufacture specialized cooling and lubricating systems for the oil and gas, petrochemical, utility, pulp and paper and marine industries. Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
69
5,612
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:10:43.67
U.S. WEEKLY SOYBEAN CRUSH 21,782,929 BUSHELS
WASHINGTON, Feb 26 -
Reporting members of the National Soybean Processors Association (NSPA) crushed 21,782,929 bushels of soybeans in the week ended Feb 25 compared with 22,345,718 bushels in the previous week and 16,568,000 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 117,866 tonnes vs 121,168 tonnes a week ago and compared with 84,250 tonnes in the year-ago week. NSPA said the figures include only NSPA member firms. Reuter
[ 129, 116, 81, 71, 114 ]
[ 161 ]
[]
[]
[]
71
5,614
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:12:01.46
TULTEX CORP <TTX> SETS QUARTERLY DIVIDEND
MARTINSVILLE, Va., Feb 26 -
Qtly div eights cts vs eight cts prior Pay April one Record March 13 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
74
5,617
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:14:23.26
ATICO FINANCIAL CORP <ATFC> 4TH QTR NET
MIAMI, Fla., Feb 26 -
Shr 30 cts vs 5.92 dlrs Net 1,142,000 vs 16.0 mln Revs 10.6 mln vs 24.2 mln Year Shr 90 cts vs 6.20 dlrs Net 3,320,000 vs 16.9 mln Revs 45.00 mln vs 26.2 mln NOTE: 1986 4th qtr and yr amounts include acquisition of 98.8 pct of common of Atico, formerly Peninsula Federal Savings and Loan Association, on January 24, 1986. 1985 4th qtr and yr net include net gain of 15.9 mln dlrs or 5.86 dlrs per share on exchange of common of Pan America Banks Inc for common of NCNB Corp purusant to a merger of the companies. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
75
5,618
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:15:51.34
ICO EXPORTERS TO MODIFY NEW PROPOSAL
LONDON, Feb 26 -
International Coffee Organization (ICO) exporters will modify their new proposal on quota resumption before presenting it to importers tomorrow, ICO delegates said. The change, which will be discussed tonight informally among producers, follows talks after the formal producer session with the eight-member producer splinter group and will affect the proposed quota distribution for 12 months from April one, they said. The proposed share-out would still include shortfall declarations, they said. Reuter
[ 16 ]
[ 158 ]
[]
[ 29 ]
[]
76
5,619
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:16:52.92
U.S. COMMERCIAL PAPER FALLS 375 MLN DLRS IN FEB 18 WEEK, FED SAYS
[ 74 ]
[ 161 ]
[]
[]
[]
77
5,620
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:17:05.96
N.Y. BUSINESS LOANS FALL 195 MLN DLRS IN FEB 18 WEEK, FED SAYS
[ 74 ]
[ 161 ]
[]
[]
[]
78
5,621
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:17:21.41
NEW YORK BANK DISCOUNT WINDOW BORROWINGS 64 MLN DLRS IN FEB 25 WEEK
[ 74 ]
[ 161 ]
[]
[]
[]
80
5,623
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:20:06.60
NEW YORK BUSINESS LOANS FALL 195 MLN DLRS
NEW YORK, Feb 26 -
Commercial and industrial loans on the books of the 10 major New York banks, excluding acceptances, fell 195 mln dlrs to 65.06 billion in the week ended February 18, the Federal Reserve Bank of New York said. Including acceptances, loans declined 114 mln dlrs to 65.89 billion. Commercial paper outstanding nationally dropped 375 mln dlrs to 336.63 billion. National business loan data are scheduled to be released on Friday. Reuter
[ 74 ]
[ 161 ]
[]
[]
[]
81
5,624
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:20:50.93
N.Y. BANK DISCOUNT BORROWINGS 64 MLN DLRS
NEW YORK, Feb 26 -
The eight major New York City banks had 64 mln dlrs in average borrowings from the Federal Reserve in the week to Wednesday February 25, a Fed spokesman said. The week marked the second half of the two-week bank statement period that ended on Wednesday. The banks had no borrowings in the prior week. Commenting on the latest week, a Fed spokesman said that all of the borrowing occurred yesterday and was done by fewer than half of the banks. National data on discount window borrowings are due to be released at 1630 EST (2130 GMT). Reuter
[ 74 ]
[ 161 ]
[]
[]
[]
82
5,625
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:23:47.79
PHILIPPINE LONG DISTANCE <PHI> YEAR NET
NEW YORK, Feb 26 -
Shr primary 95.30 pesos vs 29.71 pesos Shr diluted 61.11 pesos vs 18.49 pesos Qtly div 1.25 pesos vs 1.25 pesos Net 1.9 billion vs 779 mln Revs 6.1 billion vs 4.7 billion NOTE: Full name Philippine Long Distance Telephone Co. Figures quoted in Philippine Pesos. Dividend payable April 15 to holders or record March 13. Exchange rate on day of dividend declaration was 20.792 pesos per dollar. Reuter
[ 35 ]
[ 161, 126 ]
[]
[]
[]
83
5,626
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:25:23.18
LIBERTY ALL-STAR EQUITY FUND INITIAL DIV
WESTPORT, Conn., FEb 26 -
Qtly div five cts vs N.A. Payable April two Record March 20 NOTE:1986 dividend includes special two cts per share for the period beginning with the fund's commencement of operations on Novebmer three through December 31, 1986. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
84
5,627
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:25:42.65
COLUMBIA GAS SYSTEM INC <CG> REDEEMS DEBENTURES
WILMINGTON, Del, Feb 26 -
The Columbia Gas Systems Inc said it will redeem 4.7 mln dlrs principal amount of its 9-1/8 pct debentures, series due May 1, 1996, and five mln dlrs principal amount of its 10-1/4 pct debentures, series due May 1, 1999. The company said it is redeeming the debentures to meet mandatory sinking fund requirements. In addition, Columbia said it will call for the optional sinking fund redemption on May 1, 1987, the 4.7 mln dlrs principal amount of the 9-1/8 debentures and 7.5 mln dlrs of the 10-1/4 pct debentures. Reuter
[]
[ 161 ]
[]
[]
[]
85
5,628
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:26:09.46
COMBUSTION ENGINEERING INC <CSP> REGULAR DIV
STAMFORD, Conn., Feb 26 -
Qtly div 25 cts vs 25 cts prior Pay April 30 Record April 16 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
86
5,629
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:27:07.38
TONKA CORP <TKA> RAISES DIVIDEND
MINNETONKA, MINN., Feb 26 -
Qtly div two cts vs 1.7 cts Pay March 26 Record March 12 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
87
5,630
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:29:15.25
BDM INTERNATIONAL <BDM> INCREASES QTRLY DIVS
MCLEAN, Va., Feb 26 -
Annual div Class A 14 cts vs 12 cts prior Annual div Class B 12.1 cts vs 10.4 cts prior Payable April one Record March 20 NOTE: full name is BDM International Inc. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
89
5,632
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:29:26.29
SYSTEMATICS INC <SYST> REGULAR PAYOUT
LITTLE ROCK, Ark., Feb 26 -
Qtly div three cts vs three cts prior Pay March 13 Record February 27 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
92
5,635
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:31:34.18
U.S. M-1 MONEY SUPPLY RISES 2.1 BILLION DLRS IN FEB 16 WEEK, FED SAYS
[ 74 ]
[ 161 ]
[]
[]
[]
93
5,636
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:31:44.49
<IVACO INC> YEAR NET
MONTREAL, Feb 26-
Shr 1.11 dlrs vs 1.04 dlrs Net 44,092,000 vs 35,145,000 Revs 1.94 billion vs 1.34 billion Note: 1986 results include extraordinary gain of 1,035,000 dlrs or six cts a share from secondary share offering of Canron unit. Reuter
[ 35 ]
[ 31 ]
[]
[]
[]
94
5,637
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:31:54.04
U.S. BANK DISCOUNT BORROWINGS AVERAGE 310 MLN DLRS IN FEB 25 WEEK, FED SAYS
[ 74 ]
[ 161 ]
[]
[]
[]
95
5,638
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:32:04.32
U.S. BANK NET FREE RESERVES 644 MLN DLRS IN TWO WEEKS TO FEB 25, FED SAYS
[ 74 ]
[ 161 ]
[]
[]
[]
96
5,639
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:32:37.30
INVESTMENT FIRMS CUT CYCLOPS <CYL> STAKE
WASHINGTON, Feb 26 -
A group of affiliated New York investment firms said they lowered their stake in Cyclops Corp to 260,500 shares, or 6.4 pct of the total outstanding common stock, from 370,500 shares, or 9.2 pct. In a filing with the Securities and Exchange Commission, the group, led by Mutual Shares Corp, said it sold 110,000 Cyclops common shares on Feb 17 and 19 for 10.0 mln dlrs. Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
97
5,640
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:32:51.69
ASCS TERMINAL MARKET VALUES FOR PIK GRAIN
KANSAS CITY, Feb 26 -
The Agricultural Stabilization and Conservation Service (ASCS) has established these unit values for commodities offered from government stocks through redemption of Commodity Credit Corporation commodity certificates, effective through the next business day. Price per bushel is in U.S. dollars. Sorghum is priced per CWT, corn yellow grade only. WHEAT HRW HRS SRW SWW DURUM Chicago -- 3.04 2.98 -- -- Ill. Track -- -- 3.16 -- -- Toledo -- 3.04 2.98 2.90 -- Memphis -- -- 3.05 -- -- Peoria -- -- 3.11 -- -- Denver 2.62 2.63 -- -- -- Evansville -- -- 2.99 -- -- Cincinnati -- -- 2.96 -- -- Minneapolis 2.65 2.71 -- -- 3.70 Baltimore/ Norf./Phil. -- -- 3.06 2.98 -- Kansas City 2.87 -- 3.17 -- -- St. Louis 3.03 -- 3.03 -- -- Amarillo/ Lubbock 2.64 -- -- -- -- HRW HRS SRW SWW DURUM Lou. Gulf -- -- 3.16 -- -- Portland/ Seattle 3.07 3.08 -- 3.10 3.70 Stockton 2.78 -- -- -- -- L.A. 3.23 -- -- -- 4.05 Duluth 2.65 2.71 -- -- 3.70 Tex. Gulf 3.10 -- 3.16 -- -- CORN BRLY OATS RYE SOYB SORG Chicago 1.47 -- -- -- 4.81 2.49 Ill. Track 1.49 2.04 -- -- 4.85 2.52 Toledo 1.41 2.04 1.50 -- 4.78 2.39 Memphis 1.59 1.95 1.71 -- 4.90 2.86 Peoria 1.51 --- -- -- 4.80 2.60 Denver 1.56 1.56 -- -- -- 2.54 Evnsvlle 1.54 2.04 1.50 2.17 4.90 2.61 Cinci 1.52 2.04 1.50 2.17 4.85 2.58 Mpls 1.34 1.75 1.50 1.85 4.68 -- Balt/Nor/ Phil 1.70 1.80 -- -- 4.98 3.12 KC 1.49 1.56 1.64 -- 4.76 2.58 St Lo 1.54 -- 1.66 -- 4.90 2.91 Amarlo/ Lubbck 1.84 1.40 -- -- 4.75 2.92 Lou Gulf 1.73 -- -- -- 5.05 3.12 Port/ Seattle 1.87 2.10 1.68 -- -- -- Stockton 2.18 2.23 2.10 -- -- 4.00 LA 2.54 2.50 -- -- -- 4.38 Duluth 1.34 1.75 1.50 1.85 4.68 -- Tex Gulf 1.73 1.48 1.73 -- 5.05 3.12 Reuter
[ 45, 130, 19, 80, 105, 113, 116, 81 ]
[ 161 ]
[]
[]
[]
98
5,641
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:33:15.81
CORADIAN CORP <CDIN> 4TH QTR NET
ALBANY, N.Y., Feb 26 -
Shr profit three cts vs loss three cts Net profit 363,000 vs loss 197,000 Revs 3,761,000 vs 2,666,000 Year Shr profit one cent vs loss 37 cts Net profit 129,000 vs loss 1,715,000 Revs 11.4 mln vs 10.9 mln Avg shrs 10,694,081 vs 4,673,253 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
99
5,642
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:34:34.40
[ 74 ]
[ 161 ]
[]
[]
[]
100
5,643
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:35:16.02
N.Z. TRADING BANK DEPOSIT GROWTH RISES SLIGHTLY
WELLINGTON, Feb 27 -
New Zealand's trading bank seasonally adjusted deposit growth rose 2.6 pct in January compared with a rise of 9.4 pct in December, the Reserve Bank said. Year-on-year total deposits rose 30.6 pct compared with a 26.3 pct increase in the December year and 34.5 pct rise a year ago period, it said in its weekly statistical release. Total deposits rose to 17.18 billion N.Z. Dlrs in January compared with 16.74 billion in December and 13.16 billion in January 1986. Reuter
[ 74 ]
[ 114 ]
[]
[]
[]
101
5,644
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:35:24.57
[ 74 ]
[ 161 ]
[]
[]
[]
102
5,645
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:36:26.90
[ 74 ]
[ 161 ]
[]
[]
[]
103
5,646
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:36:54.20
[ 74 ]
[ 161 ]
[]
[]
[]
104
5,647
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:38:46.25
WORLD MARKET PRICE FOR UPLAND COTTON - USDA
WASHINGTON, Feb 26 -
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 52.69 cts per lb, to be in effect through midnight March 5. 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. Based on data for the week ended February 26, the adjusted world price for upland cotton is determined as follows, in cts per lb -- Northern European Price 66.32 Adjustments -- Average U.S. spot mkt location 10.42 SLM 1-1/16 inch cotton 1.80 Average U.S. location 0.53 Sum of adjustments 12.75 Adjusted world price 53.57 Reuter
[ 22 ]
[ 161 ]
[]
[]
[]
105
5,648
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:38:54.88
SUGAR QUOTA IMPORTS DETAILED -- USDA
WASHINGTON, Feb 26 -
The U.S. Agriculture Department said cumulative sugar imports from individual countries during the 1987 quota year, which began January 1, 1987 and ends December 31, 1987 were as follows, with quota allocations for the quota year in short tons, raw value -- CUMULATIVE QUOTA 1987 IMPORTS ALLOCATIONS ARGENTINA nil 39,130 AUSTRALIA nil 75,530 BARBADOS nil 7,500 BELIZE nil 10,010 BOLIVIA nil 7,500 BRAZIL nil 131,950 CANADA nil 18,876 QUOTA 1987 IMPORTS ALLOCATIONS COLOMBIA 103 21,840 CONGO nil 7,599 COSTA RICA nil 17,583 IVORY COAST nil 7,500 DOM REP 5,848 160,160 ECUADOR nil 10,010 EL SALVADOR nil 26,019.8 FIJI nil 25,190 GABON nil 7,500 QUOTA 1987 IMPORTS ALLOCATIONS GUATEMALA nil 43,680 GUYANA nil 10,920 HAITI nil 7,500 HONDURAS nil 15,917.2 INDIA nil 7,500 JAMAICA nil 10,010 MADAGASCAR nil 7,500 MALAWI nil 9,,100 QUOTA 1987 IMPORTS ALLOCATIONS MAURITIUS nil 10,920 MEXICO 37 7,500 MOZAMBIQUE nil 11,830 PANAMA nil 26,390 PAPUA NEW GUINEA nil 7,500 PARAGUAY nil 7,500 PERU nil 37,310 PHILIPPINES nil 143,780 ST.CHRISTOPHER- NEVIS nil 7,500 QUOTA 1987 IMPORTS ALLOCATIONS SWAZILAND nil 14,560 TAIWAN nil 10,920 THAILAND nil 12,740 TRINIDAD-TOBAGO nil 7,500 URUGUAY nil 7,500 ZIMBABWE nil 10,920 Reuter
[ 119 ]
[ 161 ]
[]
[]
[]
106
5,649
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:39:03.54
GRAIN SHIPS LOADING AT PORTLAND
PORTLAND, Feb 26 -
There were seven grain ships loading and six ships were waiting to load at Portland, according to the Portland Merchants Exchange. Reuter
[ 45, 108 ]
[ 161 ]
[]
[]
[]
108
5,651
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:40:34.32
MERIDIAN BANCORP INC <MRDN> SETS REGULAR PAYOUT
READING, Penn., Feb 26 -
Qtly div 25 cts vs 25 cts prior Pay April one Record March 15 Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
109
5,652
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:41:34.44
U.S. BANK DISCOUNT BORROWINGS 310 MLN DLRS
NEW YORK, Feb 26 -
U.S. bank discount window borrowings less extended credits averaged 310 mln dlrs in the week to Wednesday February 25, the Federal Reserve said. The Fed said that overall borrowings in the week fell 131 mln dlrs to 614 mln dlrs, with extended credits up 10 mln dlrs at 304 mln dlrs. The week was the second half of a two-week statement period. Net borrowings in the prior week averaged 451 mln dlrs. Commenting on the two-week statement period ended February 25, the Fed said that banks had average net free reserves of 644 mln dlrs a day, down from 1.34 billion two weeks earlier. A Federal Reserve spokesman told a press briefing that there were no large single day net misses in the Fed's reserve projections in the week to Wednesday. He said that natural float had been "acting a bit strangely" for this time of year, noting that there had been poor weather during the latest week. The spokesman said that natural float ranged from under 500 mln dlrs on Friday, for which he could give no reason, to nearly one billion dlrs on both Thursday and Wednesday. The Fed spokeman could give no reason for Thursday's high float, but he said that about 750 mln dlrs of Wednesday's float figure was due to holdover and transportation float at two widely separated Fed districts. For the week as a whole, he said that float related as of adjustments were "small," adding that they fell to a negative 750 mln dlrs on Tuesday due to a number of corrections for unrelated cash letter errors in six districts around the country. The spokesman said that on both Tuesday and Wednesday, two different clearing banks had system problems and the securities and Federal funds wires had to be held open until about 2000 or 2100 EST on both days. However, he said that both problems were cleared up during both afternoons and there was no evidence of any reserve impact. During the week ended Wednesday, 45 pct of net discount window borrowings were made by the smallest banks, with 30 pct by the 14 large money center banks and 25 pct by large regional institutions. On Wednesday, 55 pct of the borrowing was accounted for by the money center banks, with 30 pct by the large regionals and 15 pct by the smallest banks. The Fed spokesman said the banking system had excess reserves on Thursday, Monday and Tuesday and a deficit on Friday and Wedndsday. That produced a small daily average deficit for the week as a whole. For the two-week period, he said there were relatively high excess reserves on a daily avearge, almost all of which were at the smallest banks. Reuter
[ 74 ]
[ 161 ]
[]
[]
[]
110
5,653
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:43:13.65
AMERICAN EXPRESS <AXP> SEEN IN POSSIBLE SPINNOFF
New York, Feb 26 -
American Express Co remained silent on market rumors it would spinoff all or part of its Shearson Lehman Brothers Inc, but some analysts said the company may be considering such a move because it is unhappy with the market value of its stock. American Express stock got a lift from the rumor, as the market calculated a partially public Shearson may command a good market value, thereby boosting the total value of American Express. The rumor also was accompanied by talk the financial services firm would split its stock and boost its dividend. American Express closed on the New York Stock Exchange at 72-5/8, up 4-1/8 on heavy volume. American Express would not comment on the rumors or its stock activity. Analysts said comments by the company at an analysts' meeting Tuesday helped fuel the rumors as did an announcement yesterday of management changes. At the meeting, company officials said American Express stock is undervalued and does not fully reflect the performance of Shearson, according to analysts. Yesterday, Shearson said it was elevating its chief operating officer, Jeffery Lane, to the added position of president, which had been vacant. It also created four new positions for chairmen of its operating divisions. Analysts speculated a partial spinoff would make most sense, contrary to one variation on market rumors of a total spinoff. Some analysts, however, disagreed that any spinoff of Shearson would be good since it is a strong profit center for American Express, contributing about 20 pct of earnings last year. "I think it is highly unlikely that American Express is going to sell shearson," said Perrin Long of Lipper Analytical. He questioned what would be a better investment than "a very profitable securities firm." Several analysts said American Express is not in need of cash, which might be the only reason to sell a part of a strong asset. But others believe the company could very well of considered the option of spinning out part of Shearson, and one rumor suggests selling about 20 pct of it in the market. Larry Eckenfelder of Prudential-Bache Securities said he believes American Express could have considered a partial spinoff in the past. "Shearson being as profitable as it is would have fetched a big premium in the market place. Shearson's book value is in the 1.4 mln dlr range. Shearson in the market place would probably be worth three to 3.5 bilion dlrs in terms of market capitalization," said Eckenfelder. Some analysts said American Express could use capital since it plans to expand globally. "They have enormous internal growth plans that takes capital. You want your stock to reflect realistic valuations to enhance your ability to make all kinds of endeavors down the road," said E.F. Hutton Group analyst Michael Lewis. "They've outlined the fact that they're investing heavily in the future, which goes heavily into the international arena," said Lewis. "...That does not preclude acquisitions and divestitures along the way," he said. Lewis said if American Express reduced its exposure to the brokerage business by selling part of shearson, its stock might better reflect other assets, such as the travel related services business. "It could find its true water mark with a lesser exposure to brokerage. The value of the other components could command a higher multiple because they constitute a higher percentage of the total operating earnings of the company," he said. Lewis said Shearson contributed 316 mln in after-tax operating earnings, up from about 200 mln dlrs in 1985. Reuter
By Patti Domm, Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
111
5,654
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:44:35.29
U.S. M-1 MONEY SUPPLY ROSE 2.1 BILLION DLRS
NEW YORK, Feb 26 -
U.S. M-1 money supply rose 2.1 billion dlrs to a seasonally adjusted 736.7 billion dlrs in the February 16 week, the Federal Reserve said. The previous week's M-1 level was revised to 734.6 billion dlrs from 734.2 billion dlrs, while the four-week moving average of M-1 rose to 735.0 billion dlrs from 733.5 billion. Economists polled by Reuters said that M-1 should be anywhere from down four billion dlrs to up 2.3 billion dlrs. The average forecast called for a 300 mln dlr M-1 rise. Reuter
[ 74 ]
[ 161 ]
[]
[]
[]
113
5,656
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:45:44.50
LIBERTY ALL-STAR <USA> SETS INITIAL PAYOUT
WESTPORT, Conn., Feb 26 -
Liberty All-Star Equity Fund said it declared an initial dividend of five cts per share, payable April two to shareholders of record March 20. It said the dividend includes a quarterly dividend of three cts a share and a special payout of two cts a share, which covers the period from November three, 1986, when the fund began operations, to December 31, 1986. The fund said its quarterly dividend rate may fluctuate in the future. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
115
5,658
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:47:53.20
FORD MOTOR CREDIT <F> TO REDEEM DEBENTURES
DEARBORN, MICH., Feb 26 -
Ford Motor Co said its Ford Motor Credit Co on April One will redeem 4.0 mln dlrs of its 8.70 pct debentures due April 1, 1999. It said the debentures are redeemable at a price of 100 pct of the principal. Because April 1, 1987 is an interest payment date on the debentures, no accrued interest will be payable on the redemption date as part of the redemption proceeds. Debentures will be selected for redemption on a pro rata basis, Ford said. Reuter
[]
[ 161 ]
[]
[]
[]
116
5,659
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:48:02.07
STERLING SOFTWARE <SSW> NOTE HOLDERS OK BUY
DALLAS, Feb 26 -
Sterling Software Inc said it received consent of a majority of the holders of its eight pct convertible sernior subordinated debentures required to purchase shares of its common. The company said it may now buy its stock at its discretion depending on market conditions. Reuter
[]
[ 161 ]
[]
[]
[]
120
5,663
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:48:40.42
<HIGH POINT FINANCIAL CORP> SETS OFFERING
BRANCHVILLE, N.J., Feb 26 -
<High Point Financial Corp> said it filed a registration statement with the Securities and Exchange Commission covering six mln dlrs principal amount of redeemable subordinated debentures due March one and cancellable mandatory stock purchase contracts requiring the purchase of 6.66 mln dlrs in common no later than March one. It said the offering will be underwritten by Ryan, Beck and Co, West Orange, N.J. Reuter
[]
[ 161 ]
[]
[]
[]
121
5,664
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:48:55.38
CHINESE PORK OUTPUT SEEN LOWER -- USDA
WASHINGTON, Feb 26 -
High feed prices will cause the Chinese to reduce hog herd growth and pork production this year, the U.S. Agriculture Department said. In its World Production and Trade Report, the department said hog numbers at the start of 1987 were estimated at 331.6 mln head, up slightly from 1986, and 10 mln head above earlier projections for 1987. Pork production in 1986 was up 4.2 pct to 17.25 mln tonnes, slightly below earlier estimates, it said. For 1987, production is projected to fall to 17.05 mln tonnes. Feed prices at the end of January were reported 35 to 40 pct above year-ago levels, the department said. Reuter
[ 8, 68 ]
[ 161, 37 ]
[]
[]
[]
123
5,666
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:57:27.21
IVACO SEES MINIMAL FIRST QUARTER EARNINGS
MONTREAL, Feb 26 -
(Ivaco Inc) said price pressure on steel products, particularly in the U.S., and the recent increase in the value of the Canadian dollar is expected to result in "minimal" first quarter earnings. It said subsequent quarters should show substantial improvement from first quarter levels but 1987 earnings will not reach 1986 levels as long as those conditions continue. Ivaco earlier reported 1986 profit rose to 44.1 mln dlrs, after a one mln dlr extraordinary gain, from 35.1 mln dlrs the previous year. It said demand for the company's products are continuing at high levels and sales are expected to show further growth. Revenues last year rose to 1.94 billion dlrs from 1.34 billion dlrs in 1985. Reuter
[ 35 ]
[ 31 ]
[]
[]
[]
124
5,667
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:58:09.48
U.S. GRAIN CARLOADINGS FALL IN WEEK
WASHINGTON, Feb 26 -
U.S. grain carloadings totaled 26,108 cars in the week ended February 21, down 2.2 pct from the previous week but 22.8 pct above the corresponding week a year ago, the Association of American Railroads reported. Grain mill product loadings in the week totalled 11,382 cars, down 1.8 pct from the previous week but 7.6 pct above the same week a year earlier, the association said. Reuter
[ 45 ]
[ 161 ]
[]
[]
[]
125
5,668
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:59:25.38
HONG KONG FIRM UPS WRATHER<WCO> STAKE TO 11 PCT
WASHINGTON, Feb 26 -
Industrial Equity (Pacific) Ltd, a Hong Kong investment firm, said it raised its stake in Wrather Corp to 816,000 shares, or 11.3 pct of the total outstanding common stock, from 453,300 shares, or 6.3 pct. In a filing with the Securities and Exchange Commission, Industrial Equity, which is principally owned by Brierley Investments Ltd, a publicly held New Zealand company, said it bought 362,700 Wrather common shares between Feb 13 and 24 for 6.6 mln dlrs. When it first disclosed its stake in Wrather earlier this month, it said it bought the stock for investment purposes. Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
126
5,669
YES
TRAIN
TRAINING-SET
26-FEB-1987 16:59:41.32
COLECO INDUSTRIES INC <CLO> 4TH QTR
WEST HARTFORD, Conn., FEb 26 -
Shr loss 6.48 DLS VS PROFIT 23 CTS Net loss 110.6 mln vs profit 4.1 mln Revs 74.0 mln vs 152.0 mln Year Shr loss 6.52 dlrs vs profit 3.87 dlrs net loss 111.2 mln vs profit 64.2 mln Revs 501.0 mln vs 776.0 mln Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
127
5,670
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:00:56.04
DIAMOND SHAMROCK (DIA) CUTS CRUDE PRICES
NEW YORK, FEB 26 -
Diamond Shamrock Corp said that effective today it had cut its contract prices for crude oil by 1.50 dlrs a barrel. The reduction brings its posted price for West Texas Intermediate to 16.00 dlrs a barrel, the copany said. "The price reduction today was made in the light of falling oil product prices and a weak crude oil market," a company spokeswoman said. Diamond is the latest in a line of U.S. oil companies that have cut its contract, or posted, prices over the last two days citing weak oil markets. Reuter
[ 28 ]
[ 161 ]
[]
[]
[]
128
5,671
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:01:28.10
LIEBERT CORP <LIEB> APPROVES MERGER
COLUMBUS, Ohio, Feb 26 -
Liebert Corp said its shareholders approved the merger of a wholly-owned subsidiary of Emerson Electric Co <EMR>. Under the terms of the merger, each Liebert shareholder will receive .3322 shares of Emerson stock for each Liebert share. Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
129
5,672
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:02:22.77
NORTHERN TELECOM PROPOSES TWO-FOR-ONE STOCK SPLIT
[ 35 ]
[]
[]
[]
[]
130
5,673
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:05:08.18
COLECO INDUSTRIES <CLC> SEES PROFIT IN 1987
WEST HARTFORD, Conn., FEb 26 -
Coleco Industries Inc said it expects to return to profitability in 1987. Earlier, Coleco reported a net loss of 111.2 mln dlrs for the year ended December 31 compared to a profit of 64.2 mln dlrs in the year earlier. In a prepared statement, the company said the dramatic swing in operating results was due primarily to the steep decline in sales of Cabbage Patch Kids products from 600 mln dlrs to 230 mln dlrs. Coleco said it changed from a single product company to a more diversified organization through four major acquisitions last year. Products from the new acquisitions and other new product introductions are expected to enable it to return to profitability, it said. At the annual Toy Fair earlier this month, vice president Morton Handel said analysts' 1987 projected earnings of 90 cts a share on sales of 600 mln dlrs are reasonable. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
132
5,675
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:07:18.66
[ 74 ]
[ 161 ]
[]
[]
[]
133
5,676
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:07:44.45
[ 74 ]
[ 161 ]
[]
[]
[]
134
5,677
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:08:27.52
GULF APPLIED TECHNOLOGIES <GATS> SELLS UNITS
HOUSTON, Feb 26 -
Gulf Applied Technologies Inc said it sold its subsidiaries engaged in pipeline and terminal operations for 12.2 mln dlrs. The company said the sale is subject to certain post closing adjustments, which it did not explain. Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
135
5,678
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:09:47.78
INVESTMENT GROUP RAISES ROBESON <RBSN> STAKE
WASHINGTON, Feb 26 -
A group of affiliated Miami-based investment firms led by Fundamental Management Corp said it raised its stake in Robeson Industries Corp to 238,000 shares, or 14.6 pct of the total, from 205,000 or 12.8 pct. In a filing with the Securities and Exchange Commission, the group said it bought 32,800 Robeson common shares between Jan 26 and Feb 9 for 175,691 dlrs. The group said it may buy more shares and plans to study Robeson's operations. Afterwards it may recommend that management make changes in its operations. Fundamental Management Chairman Carl Singer was recently elected to the Robeson board. Reuter
[ 0 ]
[ 161 ]
[]
[]
[]
136
5,679
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:11:01.51
GAO LIKELY TO SHOW CERTS MORE COSTLY THAN CASH
WASHINGTON, Feb 26 -
A study on grain certificates due out shortly from the Government Accounting Office (GAO) could show that certificates cost the government 10 to 15 pct more than cash outlays, administration and industry sources said. Analysis that the GAO has obtained from the Agriculture Department and the Office of Management and Budget suggests that certificates cost more than cash payments, a GAO official told Reuters. GAO is preparing the certificate study at the specific request of Sen. Jesse Helms (R-N.C.), former chairman of the senate agriculture committee. The report, which will focus on the cost of certificates compared to cash, is scheduled to be released in mid March. The cost of certificates, said the GAO source, depends on the program's impact on the USDA loan program. If GAO determines that certificates encourage more loan entries or cause more loan forfeitures, then the net cost of the program would go up. However, if it is determined that certificates have caused the government grain stockpile to decrease, the cost effect of certificates would be less. GAO will not likely suggest whether the certificates program should be slowed or expanded, the GAO official said. But a negative report on certificates "will fuel the fire against certificates and weigh heavily on at least an increase in the certificate program," an agricultural consultant said. The OMB is said to be against any expansion of the program, while USDA remains firmly committed to it. Reuter
[ 45 ]
[ 161 ]
[]
[]
[]
137
5,680
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:11:26.97
Venezuela seeks 'flexibility' from banks-azpurua
Caracas, feb 26 -
venezuela is seeking a 'constructive and flexible' attitude from its creditor banks in current talks to reschedule 21 billion dlrs in foreign debt, finance minister manuel azpurua told a press conference. He declined to comment on meetings this week in new york between public finances director jorge marcano and venezuela's 13-bank advisory committee except to say, "they are progressing." Azpurua said venezuela has shown solidarity with brazil's decision to suspend payments, but each country must negotiate according to its own interest. Asked to comment on chile's agreement with its creditors today, which includes an interest rate margin of one pct over libor, azpurua said only, "that is good news." According to banking sources, the banks' latest offer to venezuela is also a one pct margin as against the last february's 1-1/8 pct rescheduling accord and the 7/8 pct Venezuela wants. Azpurua said four basic elements are being negotiated with the banks now: spread reduction, deferral of principal payments due in 1987 and 1988, lenghtening the 12-1/2 year repayment schedule, and debt capitalization schemes. Azpurua said the governent plans to pay 2.1 billion dlrs in public and private debt principal this year. It was due to amortize 1.05 billion dlrs under the rescheduling, and pay 420 mln dlrs in non-restructured principal, both public sector. He said venezuela's original proposal was to pay no principal on restructured debt this year, but is now insisting that if it makes payments they be compensated by new bank loans. The banking sources said the committee has been prepared to lower amortizations to around 400 mln dlrs this year, but that no direct commitment was likely on new loans. "debtors and bank creditors have a joint responsibility and there will be no lasting solution unless a positive flow of financing is guaranteed," azpurua said. However, he appeared to discard earlier venezuelan proposals for a direct link between oil income and debt payments, "because circumstances change too quickly." At the same time, he said the government is presently studying possible mechanisms for capitlizing public and private sector foreign debt, based on experience in other countries. The rules would be published by the finance ministry and the central bank. Reuter
[]
[ 165 ]
[]
[]
[]
138
5,681
YES
TRAIN
TRAINING-SET
26-FEB-1987 17:24:42.88
DAHLBERG INC <DAHL> 4TH QTR NET
GOLDEN VALLEY, MINN., Feb 26 -
Shr profit 10 cts vs loss seven cts Net profit 286,870 vs loss 156,124 Revs 10.0 mln vs 7,577,207 Year Shr profit five cts vs profit 42 cts Net profit 160,109 vs profit 906,034 Revs 38.1 mln vs 31.2 mln Avg shrs 2.9 mln vs 2.2 mln NOTE: 1986 year includes 53 weeks. Reuter
[ 35 ]
[ 161 ]
[]
[]
[]
End of preview. Expand in Data Studio

Reuters-21578

The Reuters-21578 text categorization test collection, Distribution 1.0. A classic benchmark for multi-label text classification containing 21,578 Reuters newswire articles from 1987.

Dataset Description

Each document can be tagged with multiple labels across five independent category sets:

Category Set # Labels Description
topics 135 Economic subject categories (e.g. earn, acq, grain)
places 175 Geographic locations (e.g. usa, uk, japan)
people 267 Person names (e.g. reagan, baker-james)
orgs 56 Organizations (e.g. imf, opec, ec)
exchanges 39 Stock/commodity exchanges (e.g. nyse, cme)

This makes it an extreme multi-label dataset with 672 total possible labels across the five category sets.

Splits

Uses the Modified Apte (ModApte) split, the most widely used benchmark split:

Split Documents Criteria
train ~9,603 LEWISSPLIT="TRAIN" and TOPICS="YES"
test ~3,299 LEWISSPLIT="TEST" and TOPICS="YES"
unused ~8,676 All other documents

Usage

from datasets import load_dataset

ds = load_dataset("Tellurio/reuters-21578")

# Access a training example
example = ds["train"][0]
print(example["title"])
print(example["topics"])  # e.g. [13] (integer-encoded ClassLabels)
print(example["places"])  # e.g. [51, 161, 159]

# Decode integer labels back to strings
topics_feature = ds["train"].features["topics"].feature
places_feature = ds["train"].features["places"].feature
print([topics_feature.int2str(i) for i in example["topics"]])   # ["cocoa"]
print([places_feature.int2str(i) for i in example["places"]])   # ["el-salvador", "usa", "uruguay"]

Citation

If you use this dataset, please cite:

@misc{lewis1997reuters,
  author = {David D. Lewis},
  title = {Reuters-21578 Text Categorization Test Collection, Distribution 1.0},
  year = {1997},
  url = {https://kdd.ics.uci.edu/databases/reuters21578/reuters21578.html}
}

License

The copyright for the text of newswire articles and Reuters annotations resides with Reuters Ltd. Reuters Ltd. and Carnegie Group, Inc. have agreed to allow the free distribution of this data for research purposes only.

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