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El Salvador will tender October 26 for approximately 26000 tonnes soybean meal valued at up to 5.6 mln dlrs and about 24500 tonnes bulk corn with a value of 2.0 mln dlrs under PL-480 financing an agent for the country said. It said the country is seeking soymeal with 48 pct protein minimum 12 pct moisture maximum and 3...
EL SALVADOR SEEKING PL-480 SOYMEAL, CORN
REAGAN MAKING STATEMENT ON MARKET SITUATION AT 1700 EDT, WHITE HOUSE SAYS
The Chase Manhattan Bank a unit of The Chase Manhattan Corp <CMB> said it acquired a portfolio of about 190000 consumer revolving credit accounts from Atlantic Financial Federal <ATLF.O> valued at 370 mln dlrs. The company said the acquisition makes Chase the second largest issuer of credit card and other unsecur...
CHASE ACQUIRES 370 MLN DLR REVOLVING CREDIT
CHRYSLER CORP SAID IT IS ACCELERATING ITS STOCK REPURCHASE PROGRAM
Commerce Secretary C. William Verity called for stepped up coordination of the major industrialized nations along the lines of the Venice pact last June which committed the nations to coordinate economic policies. Verity speaking to a trade conference of the Overseas Private Investment Corp. said We must improve coodin...
VERITY CALLS FOR NEW ADHERENCE TO VENICE PACT
Shr 36 cts vs 35 cts Net 7100000 vs 8000000 Net Premiums 61.2 mln vs 58.0 mln Avg shrs 19950000 vs 22760000 Nine mths Shr 1.03 dlrs vs 1.81 dlrs Net 21.3 mln vs 37.8 mln Net Premiums 176.3 mln vs 141.8 mln Avg shrs 20682000 vs 20920000 Reuter
REPUBLIC AMERICAN CORP <RAWC.O> 3RD QTR NET
In a joint statement Merrill Lynch and Co Inc chairman and chief executive William Schreyer and chief operating officer Daniel tully said that despite the unprecedented stock market decline they are confident that an upturn lies ahead. In the view of our market experts yesterdays unprecedented stock market decline was ...
MERRILL <MER> CHAIRMAN AND CFO ARE OPTIMISTIC
API SAYS DISTILLATES OFF 1.95 MLN BARRELS, GASOLINE OFF 3.98 MLN, CRUDE UP 2.42 MLN
FIRST REPUBLICBANK CORP 3RD QTR NET LOSS 6.3 MLN DLRS OR 46 CTS PER SHR DILUTED
TRW Inc said it was selected to perform fact-finding security system surveys for the authority that is building Kansai International Airport in Osaka Japan. The company said the 340000 dlr contract was significant because it was the first contract issued by the authority solely to an American company without Japanese p...
TRW <TRW> WINS JAPANESE AIRPORT CONTRACT
CerProbe Corp said its chairman John Tarzell will give up the positions of president and chief executive in early 1988 to concentrate on long-range planning for the company in the semiconductor testing field. CerProbe said a successor to Tarzell has not been selected. Reuter
CERPROBE CORP <CRPB.O> PRESIDENT TO RESIGN IN EARLY 1988
Resers Fine Foods Inc said certain directors and officers who currently represent about 85 pct of the companys stock plan to take Resers private through a cash buyout. The company said the group plans to offer 12.50 dlrs per share for the 15 pct of its stock currently outstanding. Reuter
<RESER'S FINE FOODS INC> TO GO PRIVATE
Shr 32 cts vs 40 cts Net 882000 vs 1109000 Sales 66.1 mln vs 60.3 mln Nine mths Shr 1.13 dlrs vs 90 cts Net 3065000 vs 2446000 Sales 198.1 mln vs 178.5 mln Reuter
LACLEDE STEEL CO <LCLD.O> 3RD QTR NET
Shr profit five cts vs loss nine cts Net profit 21045 vs loss 34238 Revs 1156775 vs 963890 Six Mths Shr profit 12 cts vs loss five cts Net profit 48711 vs loss 18300 Revs 2124157 vs 2009956 Reuter
<REDLAKE CORP> 2ND QTR SEPT 30 NET
SEC SAYS IT LET FIRMS REPURCHASE STOCK UNTIL 4:00, RATHER THAN 3:30, FOR TODAY ONLY
Algeria is tendering tonight for 225000 tonnes of hard red winter wheat at 94.00 dlrs per tonne c and f the balance of its original tender under the export bonus program U.S. exporters said. Algeria bought 75000 tonnes for November and early December shipmet at that bid but USDA rejected the bid on wheat for later ship...
ALGERIA TENDERING FOR BALANCE EEP WHEAT - TRADE
President Reagan was meeting this afternoon with his top economic advisers on developments in the stock market and the White House said he would issue a statement at 1700 EDT. Spokesman Marlin Fitzwater said Reagan met in the White House residence shortly after the market closed with Treasury Secretary James Baker Fede...
REAGAN CONVENES MEETING ON MARKET SITUATION
Hercules Inc said its contract award from Martin Marietta Corp &lt;ML> to make upgraded solid rocket motors for the Titan Four launch vehicle will help double revenues at its Hercules Aerospace Co unit to two billion dlrs by 1992. We expect and we are fully confident that by 1992 we will be a two billion dlr a year sal...
HERCULES <HPC> SEES DOUBLING IN UNIT'S SALES
Secretary General Javier Perez de Cuellar has proposed an impartial inquiry into the causes of the Gulf war while Iran and Iraq observe a ceasefire diplomatic sources said on Tuesday. His nine-point plan a refinement of proposals he took to Tehran and Baghdad last month was delivered to the two sides last week with a r...
GULF PEACE PLAN SAID TO CALL FOR CEASEFIRE, PROBE
Chrysler Corp said it is taking advantage of current market conditions and accelerating a stock repurchase program which began in 1984. The automaker had 212 mln shares outstanding at the end of the second quarter of 1987 and is issuing about 15 mln additional shares in connection with its acquisition of American Motor...
CHRYSLER <C> ACCELERATING STOCK BUYBACK PROGRAM
NYSE'S PHELAN SAYS NYSE WILL CONTINUE PROGRAM TRADING CURB UNTIL VOLUME SLOWS
The Bank of New York Corp &lt;BK> said it reaffirmed the terms of its offer for Irving Bank Corp despite the drop in the Bank of New Yorks share price to 30-1/8 a Bank of New York spokesman said. The offer still stands we have not changed our offer a Bank of New York spokesman said. Irving would not comment on how the ...
BANK OF NEW YORK REAFFIRMS TERMS FOR IRVING <V>
The Securities and Exchange Commission said it made a one-day exception to its rule of prohibiting companies from repurchasing their own stock in the last half hour of trading and allowed firms to continue stock repurchases until the close of market. An SEC spokesperson told Reuters that the rule exception only covered...
SEC MAKES ONE-DAY EXCEPTION TO REPURCHASE RULE
Shr profit 15 cts vs loss 40 cts Net profit 1538000 vs loss 4088000 Revs 70.6 mln vs 73.2 mln Nine mths Shr loss eight cts vs loss 57 cts Net loss 832000 vs loss 5821000 Revs 217.0 mln vs 248.4 mln NOTE: 1987 qtr and nine mths includes gain 265000 dlrs or three cts per share from utilization of tax loss carryforward. R...
KOLLMORGEN CORP <KOL> 3RD QTR NET
Shr one cts vs 20 cts Net 122556 vs 2627205 Revs 192.2 mln vs 193.3 mln Nine mths Shr 27 cts vs 56 cts Net 3556424 vs 7531664 Revs 560.6 mln vs 542.3 mln Reuter
FARM FRESH INC <FFSH.O> 3RD QTR NET
New York Stock Exchange chairman John Phelan said the NYSE will continue to request that member firms refrain from using its order-delivery systems for program trading until the record trading volume slows down. He said the firms are free to use other systems to do arbitrage between stock-index futures and their underl...
NYSE WILL CONTINUE TO CURB PROGRAM TRADING
Standard and Poors Corp said it affirmed the debt of USX Corp and units. Total debt outstanding amounts to 2.8 billion dlrs. Affirmed were USXs BB-plus senior debt BB-minus subordinated debt and preferred stock B-plus preference stock and of the units Marathon Oil Co and Texas Oil and Gas Corps BB-plus senior debt . S ...
USX CORP <X>, UNITS DEBT AFFIRMED BY S/P
European Community (EC) agriculture ministers gave their support in principle for a new scheme to limit spending on the blocs controversial farm policy at a meeting in Luxembourg on Tuesday Danish minister Laurits Tornaes told journalists. Acceptance of the scheme by which farmers would suffer price cuts if their produ...
EC FARM MINISTERS BACK SPENDING CURBS IDEA
Schering-Plough Corp said Chairman Robert P. Luciano intends to recommend to the board at its next regular meeting on October 27 that the quarterly dividend be increased five cts or 20 pct to 30 cts a share effective with the payment to be made in November. The company also said it also plans to resume immediately its ...
SCHERING-PLOUGH <SGP> PLANS HIGHER DIVIDEND
An indefinite strike by 47000 carworkers on Tuesday closed most Brazilian plants of Autolatina the company said. Autolatina one of the worlds largest automakers said it had offered its employees a pay rise of 20.66 pct adding that the workers were pressing for a 65.9 pct rise. The strike is the first to hit operations ...
STRIKE HITS BRAZIL'S LARGEST AUTO MANUFACTURER
shr diluted loss 46 cts net loss 6300000 nine mths shr diluted loss 10.89 dlrs net loss 309100000 NOTE: No comparisons because company was formed in June 1987 through merger of RepublicBank Corp and Interfirst Corp. Nine mths includes previously reported provision of 325 mln dlrs in second quarter for possible losses o...
FIRST REPUBLICBANK <FRB.N> CORP 3RD QTR LOSS
DART GROUP SAID IT WILL NOT SOLICIT PROXIES OR ATTEMPT TO ACQUIRE DAYTON HUDSON
DART SAID IT SOLD 1.4 MLN DAYTON HUDSON SHARES, EXPECTS TO SELL REST OF HOLDING
The State Department says many U.S. diplomatic missions overseas are on high alert for possible retaliation from Iran for Mondays attack on two Iranian oil platforms by American forces in the Gulf. At the same time the Pentagon announced on Tuesday that U.S. forces have begun escorting another Kuwaiti tanker convoy sou...
US DIPLOMATIC MISSIONS ON HIGH ALERT OVER GULF
Brazils September trade surplus was the best so far this year totalling 1.494 billion dlrs compared with 1.434 billion dlrs in August and 540 mln dlrs in September last year Banco do Brasils Foreign Trade Department (Cacex) director Namir Salek said in a news conference. September exports were 2.694 billion dlrs slight...
BRAZIL'S SEPT TRADE SURPLUS HIGHEST OF THE YEAR
Bearings Inc said it filed with the Securities and Exchange Commission a registration statement covering a 40 mln dlr issue of convertible subordinated debentures due 2012. Proceeds will be used to fund substantially fund the redemption on October 26 of the companys 8-1/2 pct convertible subordinated debentures of 2012...
BEARINGS <BER> PLANS TO ISSUE CONVERTIBLE DEBT
REAGAN SAYS THERE IS ROOM FOR FURTHER DECLINES IN INTEREST RATES
FPL Group Incs Florida Power and Light Co subsidiary said the staff of the Nuclear Regulatory Commission has proposed a 225000 dlr fine against the utilitys Turkey Point nuclear power plant based on three previously identified incidents. At the same time Florida Power said the NRC issued an order confirming the utility...
FLORIDA POWER <FPL> NUCLEAR FE PROPOSED
REAGAN SAYS HE WANTS TO NEGOTIATE BUDGET DEFICIT REDUCTION PLAN WITH CONGRESS
REAGAN SAYS HE SEES NO RECESSION
The Canadian Import Tribunal said the countervailing duty on U.S. corn imports should be cut to 30 Canadian cts a bushel from 1.10 dlrs a bushel. In a report to the Canadian finance department the tribunal said the duty is hurting Canadian farmers and food processors. The duty was imposed last year after the revenue de...
CANADA PANEL ADVISES CUTTING U.S. CORN DUTY
As official Washington sought to restore investor confidence after Mondays Wall Street collapse Treasury Secretary James Baker came under fire from critics who claimed he helped to precipitate the crisis. Bakers weekend blast at the West German Bundesbank for boosting interest rates seemed to signal an unraveling of an...
TREASURY'S BAKER UNDER FIRE FOR WALL STREET DROP
Berkey Inc said it signed a long-term agreement to distribute Walt Disney Cos &lt;DIS> home video cassettes. Terms of the agreement were not disclosed. The Walt Disney library currently consists of 18 movies the company said. Reuter
BERKEY <BKY> TO DISTRIBUTE DISNEY HOME VIDEOS
A group of firms led by PS Group Inc &lt;PSG> said it increased its stake in Airlease Ltd depositary units representing limited partners interest to 700400 units or 15.1 pct of the total outstanding from a previous figure of approximately 651000 units or 14 pct. In a filing with the Securities and Exchange Commission t...
GROUP LIFTS AIRLEASE <FLY> STAKE TO 15.1 PCT
Shr 22 cts vs 24 cts Net 2794000 vs 2993000 Revs 91.4 mln vs 66.4 mln Six mths Shr 45 cts vs 39 cts Net 5677000 vs 5700000 Revs 174.6 mln vs 132.8 mln NOTE: 2nd qtr end August 31. Per share amounts adjusted for 10 pct stock dividend paid June two 1987. Reuter
CONTINENTAL INFORMATION SYSTEMS CORP <CNY> 2ND
Shr 25 cts vs 26 cts Net 2200000 vs 2100000 Revs 8500000 vs 9600000 Nine mths Shr 77 cts vs 63 cts Net 6900000 vs 4800000 Revs 27.9 million vs 25.3 million Reuter
TENERA LTD <TLPZZ.O> 3RD QTR NET
President Reagan said he was pleased with the actions of some banks to reduce their prime lending rates today and said he sees room for a further decline in interest rates. I believe there is room in the market for a further decline in interest rates Reagan said in a statement as he left the White House to visit his wi...
REAGAN SEES ROOM FOR INTEREST RATE DECLINES
Shr profit seven cts vs loss 24 cts Net profit 650000 vs loss 2327000 Revs 34.3 mln vs 37.0 mln Nine mths Shr profit 38 cts vs profit 67 cts Net profit 3673000 vs profit 6474000 Revs 108.4 mln vs 110.0 mln NOTE: 1987 qtr and nine mths includes gain 5360000 dlrs or 55 cts per share and 6339000 dlrs or 65 cts per share r...
ATLANTIC AMERICAN CORP <AAME.O> 3RD QTR NET
Shr six cts vs 17 cts Net 1064000 vs 2676000 Revs 144.6 mln vs 129.4 mln Avg shrs 17.1 mln 16.1 mln Six mths Shr 13 cts vs 25 cts Net 2167000 vs 4029000 Revs 248.0 mln vs 249.2 mln Avg shrs 17.1 mln vs 16.1 mln Reuter
TRINITY INDUSTRIES INC <TRN> 2ND QTR SEPT 30
A collapse in U.S. stock prices has hit Japanese investors hard since they had shifted to stocks from bonds earlier this year and will slow down Japanese capital flows to the U.S. investors and stock brokers said. Until recently Japanese net purchases of U.S. stocks were projected to leap to eight to 12 billion dlrs th...
U.S. STOCK DROP SEEN SLOWING JAPANESE BUYING
Dart Group Corp &lt;DARTA.O> affiliate Madison Partners said that given current market conditions it has dropped its takeover bid for Dayton Hudson Corp. The company said it sold 1.4 mln of its 4.6 mln shares of Dayton Hudson stock. It said it intends to sell the rest of its Dayton Hudson shares. At current market leve...
DART GROUP DROPS DAYTON HUDSON <DH> TAKEOVER BID
A new convoy of tankers escorted by American warships headed down the Gulf on Wednesday towards Iranian oil platforms still oozing smoke after having being blasted by U.S. Navy raiders. Some Gulf sea captains were reported to be steering well clear of Irans Silkworm missiles however and frontline emirate Kuwait redeplo...
CONVOY RUNS GULF GAUNTLET, OTHER SHIPS STAY CLEAR
Metropolitan Consolidated Industries Inc said it will make a tender offer for all or any of the outstanding shares of common stock of Metex Corp &lt;MTX> not currently held by or under option to Metropolitan for 7.75 dlrs per share. The company said the offer will be subject ot securing satisfactory financing. Metropol...
METROPOLITAN <MONY.O> TO MAKE OFFER FOR METEX
Shr 22 cts vs 50 cts Net 1.2 mln vs 2.2 mln Sales 41.7 mln vs 38.3 mln Note: BII Enterprises Inc Reuter
BII ENTERPRISES <BII.TO> NINE MTHS AUG 31 NET
Simmons Airlines Inc said its board of directors authorized a doubling in the companys stock repurchase program to one mln shares from 500000 shares. The buyback would represent about 20 pct of its issued shares Simmons said. The company said it bought 205000 shares today bringing its total repurchase since the program...
SIMMONS AIRLINE <SIMM.O> DOUBLES STOCK BUYBACK
Artillery shells from an exchange of fire between Iran and Iraq fell on Kuwaits northern border on Tuesday but caused no casualties the Kuwait News Agency KUNA said quoting a Defense Ministry official. There were rumors in world oil markets on Tuesday that Iran had fired shells at an oil camp in northern Kuwait in reta...
ARTILLERY SHELLS SAID TO FALL ON KUWAIT BORDER
Shr 27 cts vs 20 cts Net 3411000 vs 2487000 Revs 34.7 mln vs 31.9 mln Six mths Shr 51 cts vs 41 cts Net 6372000 vs 5090000 Revs 68.1 mln vs 63.7 mln Avg shrs 12.6 mln vs 12.5 mln Reuter
ZERO CORP <ZRO> 2ND QUARTER NET
President Reagan said he had ordered the administration to begin talks with congressional leaders on a budget deficit reduction plan. Reagan said in a statement following a meeting with his top economic advisers that he was prepared to order across the board spending cuts to comply with a Federal balanced budget law bu...
REAGAN SAYS HE IS WILLING TO NEGOTIATE ON BUDGET
Bausch and Lomb Inc said its board of directors has authorized the repurchase of up to three mln of its 30.5 mln issued shares of common stock. The company said recent turmoil in the financial markets has resulted in its stock being priced substantially below a level which it believes to be an accurate reflection of th...
BAUSCH AND LOMB <BOL> TO REPURCHASE SHARES
Pacific Stock Exchange Chairman Maurice Mann said the exchange may have reached record volume again today following yesterdays record 17.6 mln shares. it looks like at least the same volume as yesterday Mann said at a news conference following the close. The exchange closed one-half hour early for the second straight d...
PACIFIC EXCHANGE MAY SEE RECORD VOLUME AGAIN
First RepublicBank Corp the largest bank holding company in Texas reported a loss of 6.3 mln dlrs for the third quarter and said that its non-performing loans rose sharply because of a further deterioration in Texass real estate market. There was no comparable figure for the third quarter of 1986 because the company wa...
FIRST REPUBLICBANK <FRB> TROUBLED LOANS RISE
Shr 54 cts vs 53 cts Net 4193000 vs 4052000 Revs 75.2 mln vs 63.9 mln Nine mths Shr 1.98 dlrs vs 1.75 dlrs Net 15.4 mln vs 13.5 mln Revs 223.4 mln vs 199.5 mln Reuter
SEALED AIR CORP <SEE> 3RD QTR NET
The Pacific Stock Exchange said that due to huge backups and computer difficulties its closing figures would not be available until later this evening. The exchange did not specify what time the figures would be released. Reuter
PACIFIC STOCK EXCHANGE CLOSING FIGURES DELAYED
CityFed Financial Corp said it would stop issuing common stock to a variety of shareholder and employee groups. The company which said on Monday it will repurchase up to one mln shares of common in the open market said it will no longer issue common stock for its dividend reinvestment and stock purchase plan or for the...
CITYFED FINANCIAL <CTYF.O> ENDS STOCK ISSUE
The United States may lift an additional 84 mln dlrs in trade sanctions against Japan later this month Reagan Administration officials said. President Reagan imposed 300 mln dlrs in sanctions on Japanese goods last April for its failure to honor a 1986 agreement to end dumping semiconductors in the U.S. and third count...
U.S. MAY END ADDITIONAL SANCTIONS AGAINST JAPAN
American Telephone and Telegraph Co and Telerate Inc said they will form a joint partnership to develop and market electronic transaction services for global financial markets. The companies said the partnership will provide a system that gives international money traders the ability to manage transactions instantaneou...
ATT <T> AND TELERATE <TLR> IN JOINT PACT
CANADIAN UTILITIES INCREASES QTLY DIVIDEND TO 33 CTS FROM 32-1/2 CTS/SHR
CIP Inc wholly-owned by Canadian Pacific Ltd is considering building a pulp mill in Texas which would use kenaf fibre instead of wood CIP president Cecil Slenniken said in an interview. The kenaf plant is a member of the hibiscus family and was artificially developed several years ago. The plant which has been grown in...
CANADIAN PACIFIC (CP) UNIT STUDIES PULP MILL
Shr 83 cts vs 67 cts Net 10052000 vs 7929000 Avg shrs 12161000 vs 11824000 Nine mths Shr 2.33 dlrs vs 1.91 dlrs Net 28110000 vs 22386000 Avg shrs 12078000 vs 11729000 Assets 5.9 billion vs 5.7 billion Deposits 5.3 billion vs 4.8 billion Loans and leases 4.2 billion vs 4.0 billion Reuter
CALIFORNIA FIRST BANK (CFBK.O) 3RD QTR NET
Trace Products Inc said its stock-swap merger agreement with privately held Central Point Software has been suspended indefinitely because of uncertainty in the stock market. Trace Products which manufactures diskette and tape duplication equipment for software publishers had earlier agreed to acquire Portland Ore.-bas...
TRACE PRODUCTS <TRCE.O> MERGER AGREEMENT SUSPENDED
Shr profit one cent vs loss 29 cts Net profit 116000 vs loss 4195000 Revs 20.2 mln vs 6393000 Reuter
RPC ENERGY SERVICES INC <RES> 1ST QTR SEPT 30
Oper shr 38 cts vs 1.84 dlrs Oper net 973000 vs 4497000 Nine mths Oper shr 1.22 dlrs vs 1.31 dlrs Oper net 3133000 vs 3410000 NOTE: Results exclude extraordinary gain from net loss carryforward of 672000 dlrs or 27 cts in 1987 3rd qtr 918000 dlrs 38 cts in 1986 3rd qtr and 1071000 dlrs or 44 cts in 1987 nine months. 19...
BRENTON BANKS <BRBK.O> 3RD QTR OPER NET
President Reagan said the United States remains committed to the Louvre accord in which the seven major industrial nations agreed to stabilize currency exchange rates. The United States remains committed to the Louvre agreement Reagan said in a statement following a meeting with his top economic advisers. Reagan said t...
REAGAN SAYS U.S. COMMITTED TO LOUVRE ACCORD
Qtly div 33 cts vs 32-1/2 cts Pay Dec one Record Nov six Note: Canadian Utilities Ltd. Reuter
CANADIAN UTILITIES <CU.TO> LIFTS QTLY DIVIDEND
A shareholder group including Entregrowth Interational Ltd of Auckland New Zealand said it lifted its stake in Suave Shoe Corp common stock to 319600 shares or 11.5 pct of the total outstanding from a previous figure of approximately 238400 shares or 8.6 pct. In a filing with the Securities and Exchange Commission the ...
GROUP LIFTS STAKE IN SUAVE SHOE<SWV> TO 11.5 PCT
Shr 51 cts vs 36 cts Net 5600000 vs 4000000 Revs 115.4 mln vs 91.2 mln Nine mths Shr 1.13 dlrs vs 61 cts Net 10.7 mln vs 5800000 Revs 308.2 mln vs 249.5 mlln NOTE: 1986 resutls restated on pro forma basis to reflect comparable treatment of Budgets leveraged buyout on September 30 1986 and initial common stock offering ...
BUDGET RENT A CAR CORP <BDGT.O> 3RD QTR NET
Qtrly div 34 cts vs 40 cts prior Pay Nov 21 Record Nov Four Reuter
ICM PROPERTY INVESTORS INC <ICM> CUTS PAYOUT
Shr 12 cts vs 10 cts Net 1600000 vs 1314000 Revs 17.6 mln vs 12.2 mln Nine mths Shr 58 cts vs 43 cts Net 7624000 vs 5336000 Revs 56.8 mln vs 40.1 mln Reuter
USPCI INC <UPC> 3RD QTR NET
Net 1137000 vs 1185000 Nine mths Shr 2.17 dlrs vs 2.03 dlrs Net 3645000 vs 3384000 Assets 374.4 mln vs 355.4 mln NOTE: Per shr data in qtr not disclosed. Reuter
SOMERSET BANCORP INC <SOMB.O> 3RD QTR NET
Shr loss 15 cts vs loss 19 cts Net loss 2161000 vs loss 2873000 Revs 24.5 mln vs 22.6 mln Reuter
CPT CORP <CPTC.O> 1ST QTR SEPT 30 LOSS
Shr 10 cts vs two cts Net 262000 vs 38000 Revs 11.2 mln vs 5858000 Avg shrs 2589045 vs 2588364 Nine mths Shr 46 cts vs 26 cts Net 1179000 vs 601000 Revs 32.7 mln vs 18.7 mln NOTE: All per shr data adjusted to reflect 10 pct stock dividend distributed in 2nd qtr 1987. Reuter
THE CHARIOT GROUP INC <CGR> 3RD QTR NET
Shr loss 35 cts vs profit 18 cts shr Net loss 946300 vs profit 502500 Revs 17.3 mln vs 16.8 mln Reuter
COMSHARE INC <CSRE.O> 1ST QTR SEPT 30 LOSS
Former Treasury Secretary William Simon sharply criticised President Reagan for irresponsible fiscal policies that contributed to this weeks stock price collapse. (Reagan) fell for that siren song that you can cut taxes without cutting spending and that we would grow our way out of this and everything would be wonderfu...
FORMER U.S. TREASURY SECRETARY BLASTS REAGAN
First Mississippi Corp said in view of the recent decline in its stock price due to the drop in the stock market it is considering a repurchase of its common stock. The company did not say how many shares it would repurchase but said that it has about 13 mln dlrs available for such actions. The company also said its fi...
FIRST MISSISSIPPI <FRM> MAY REPURCHASE STOCK
Shr 1.24 dlrs vs 1.16 dlrs Net 10.1 mln vs 8910000 Nine mths Shr 2.42 dlrs vs 3.30 dlrs Net 19.8 mln vs 25.4 mln Assets 4.3 billion vs 3.8 billion Deposits 3.4 billion vs 3.1 billion Loans 2.6 billion vs 2.3 billion Reuter
MARINE CORP <MCRP.O> 3RD QTR NET
Standard and Poors Corp said IC Products Cos BBB-plus senior debt is under review with negative implications. Also Pneumo-Abex Corps BBB-plus senior debt and BBB subordinated debt are being reviewed with developing implications. Both firms are units of IC Industries Inc whose debt is not rated by S and P. About 65 mln ...
S/P MAY DOWNGRADE IC INDUSTRIES <ICX> UNIT DEBT
The Commodity Futures Trading Commission said futures markets collected clearing margins called following feverish futures trading on Monday. The Commission remains in frequent contact with the futures markets which trade stock index futures and options each of which has confirmed the collection of clearing margins cal...
CFTC CONFIRMS CLEARING MARGINS COLLECTED
Standard and Poors Corp said it downgraded to CCC-plus from single-B Del E. Webb Corps &lt;DWP> 30 mln dlrs of outstanding subordinated debt. It said the issue was removed from Creditwatch where it was placed on July 27 due to the deteriorating operating performance at Webbs minority owned and managed Atlantic City and...
S/P DOWNGRADES DEL E. WEBB SUBORDINATED DEBT
Southland Corp said it was told the Securities and Exchange Commission ordered a private investigation into Southland stock trading and statements made by the company this year. Southland has been advised that the Commission has issued a private order of investigation concerning the trading of Southland stock during va...
SOUTHLAND <SLC> TARGETED IN SEC INVESTIGATION
Qtr ends Aug 31 Shr 22 cts vs 24 cts Net 2794000 vs 2993000 Revs 91.4 mln vs 66.4 mln Six mths Shr 45 cts vs 45 cts Net 5677000 vs 5700000 Revs 174.6 mln vs 132.8 mln NOTE: full name of company is continental information systems corp. Reuter
CONTINENTAL INFORMATION SYSTEMS <CNY> 2ND QTR
Shr 15 cts vs 27 cts Net 4358947 vs 7786640 Revs 140.8 mln vs 121.2 mln Year Shr 86 cts vs 1.06 dlrs Net 24.8 mln vs 30.5 mln Revs 560.3 mln vs 487.7 mln Reuter
FAMILY DOLLAR STORES INC <FDO> 4TH QTR AUG 31
Shr 28 cts vs 21 cts Net 4653815 vs 3564451 Revs 34.0 mln vs 12.8 mln Nine mths Shr 61 cts vs 53 cts Net 10.4 mln vs 8881825 Revs 61.8 mln vs 38.4 mln NOTE: Per shr amounts are after giving retroactive effect for a 2-for-1 split effected as a 100 pct stock dividend which was paid June 1 1987.Net includes net realized i...
ALFA CORP <ALFA.O> 3RD QTR NET
Federal Realty Investment Trust said its management has been authorized to purchase up to one mln of its common shares at current market prices in open market transactions. The company had 13.6 mln shares outstanding as of September 30. The company said it was making the purchases because its stock represented an excel...
FEDERAL REALTY <FRT> TO BUY BACK SHARES
Payless Cashways Inc said it will repurchase up to one mln of its common shares from time to time in the open market. The company which has 34.7 mln shares outstanding called the stock buyback a good investment at current prices. Its stock closed at 12-1/2 down 1/8 following a 3-3/8 point drop on Monday. Reuter
PAYLESS CASHWAYS <PCI> SETS SHARE BUYBACK PLAN
Shr eight cts vs 12 cts Net 1016552 vs 980834 Revs 6786579 vs 4356561 NOTE: Invitron went public on October seven. Reuter
INVITRON CORP <INVN.O> 1ST QTR SEPT 30 NET
ICOT Corp said it will periodically repurchase up to 7500000 of its 10800000 outstanding shares. The company said funds for the buy-back will come from working capital. Reuter
ICOT <ICOT.O> TO BUY BACK MOST OF ITS SHARES
&lt;First Federal Savings and Loan Association of Wooster> said it declared its first quarterly dividend of seven cts per share. The dividend is payable November 20 to stockholders of record November 2 the company said. The company converted to a stock savings and loan on April 7 1987. Reuter
FIRST FEDERAL WOOSTER SETS FIRST PAYOUT
Circle K Corp said it may purchase up to three mln shares of its common stock. A company spokesman said Circle K has 52.6 mln shares outstanding. Circle K said the purchases would be made on the open market Reuter
CIRCLE K <CKP> TO BUY UP TO THREE MLN SHARES
Qtly div 11 cts vs 11 cts prior Pay December 15 Record December 1 Reuter
SUPER VALU STORES INC <SVU> SETS REG DIV
Shr 1.04 dlrs vs 78 cts Net 109.2 mln vs 83.9 mln Revs 561.3 mln vs 460.5 mln Nine mths Shr 2.61 dlrs vs 1.91 dlrs Net 273.8 mln vs 206.6 mln Revs 1.56 billion vs 1.27 billion NOTE: Per shr amounts reflect the 2-for-1 split to shareholders of record on June 1 1987. For qtr and nine mths 1987 exchange rate fluctuations ...
SQUIBB CORP <SQB> 3RD QTR NET